Watchdog Asks CFTC To Reject Proposal Allowing Betting On US Elections
WASHINGTON, D.C. – Today, Campaign for Accountability (CfA) submitted a comment to the Commodity Futures Trading Commission (CFTC), asking it to reject betting company KalshiEX, LLC’s proposal to allow events contracts based on the result of US elections. CfA Executive Director Michelle Kuppersmith wrote, in part: “As an organization dedicated to exposing misconduct in public life, Campaign for Accountability has a great deal of experience examining situations where financial incentives promote behavior contrary to the public good. We fear that giving a green light to betting on the outcome of...