FIA filed comments with the CFTC urging the agency to clarify the rules governing event contracts. FIA submitted its comment letter in response to the CFTC’s review of KalshiEx’s proposal to list contracts on which political party will be in control of each chamber of the US Congress.
FIA’s letter does not take a position on the proposed listing of such contracts, but does stress the importance of the CFTC issuing clear, practical guidance to market participants about which event contracts are permissible under the Commodity Exchange Act and applicable CFTC regulations. “Only through clear rules,” the letter argues, “can innovative ideas flourish.”
