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Comment for Proposed Rule 89 FR 48968

  • From: SooJin P
    Organization(s):

    Comment No: 74022
    Date: 8/5/2024

    Comment Text:


    For the last 25 years, I have worked as a disaster response coordinator. Being able to use Kalshi's election prediction markets would be a big step in having the ability to anticipate shifts in emergency management policies and funding priorities. The CFTC's proposal to ban these markets disregards their role in providing early indicators of potential changes in disaster preparedness and response strategies. These markets offer valuable insights into political outcomes that impact our ability to mitigate risks, mobilize resources, and coordinate disaster relief efforts. As a disaster response professional, I emphasize the importance of extending the comment period to gather input from emergency managers, humanitarian organizations, and resilience experts who rely on these markets to enhance disaster planning and response capabilities. Banning these markets would not only limit our ability to prepare for future crises but also undermine our resilience in the face of natural and man-made disasters.

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