Odaily Planet Daily News: US CFTC Commissioner Summer K. Mersinger stated at a webinar on Tuesday for the conservative legal organization The Federalist Society that election campaign contracts on platforms such as Kalshi "will continue to exist".
Mersinger said at the cryptocurrency focused webinar, "Congress can tell us different situations at any time. Of course, we will make adjustments and do what they demand. But as for the committee's future handling, unless rules are made to change the situation, election contracts will continue to exist, and we will have to adapt to this environment and market. I think this is a good thing
Mersinger discussed whether predicting election events in the market would affect the fairness of elections and stated that "these contracts have many safeguards to ensure that certain manipulative behavior does not occur. I think we must carefully review these contracts because they are already online, but the days when we could unilaterally say 'no' and call everything a game are gone forever. The committee will have to adopt new methods, we must be more supportive of innovation, and understand that some things may seem different from what we know or are used to, but the differences are not bad." She pointed out that these platforms have practicality. (The Block)