View source for Political and Election Contracts

=== Controversies ===
The classification and regulation of political and election contracts remain highly contested. Critics argue that allowing financial markets to trade on elections equates to gambling and incentivizes election interference, thereby undermining public trust in the democratic process. In May 2024, the [[Commodity Futures Trading Commission|CFTC]] issued a proposed rulemaking attempting to explicitly classify political contests as prohibited gaming under the Commodity Exchange Act. Proponents assert that these contracts provide market-based predictive data compared to traditional polling and offer legitimate utility for businesses exposed to political risk.<ref>{{cite web|url=https://www.mofo.com/resources/insights/240520-cftc-issues-proposed-rules-on-event-contracts|name=CFTC Issues Proposed Rules on Event Contracts|org=Morrison Foerster |date=September 30, 2026}}</ref>