By Pratik Chougule Kalshi’s proposal to offer election contracts has not only been rejected by the CFTC, it has resulted in even stricter regulations against political betting. Kalshi’s decision to persist with a strategy that keeps inviting backlash is symptomatic of a broader issue. The company’s incentives are, at best, imperfectly aligned with those of …
By Pratik Chougule The CFTC’s second public comment period on Kalshi’s proposed election contracts received seven times the number of comments it got during its first comment period back in August 2022. The vast majority of these comments are against Kalshi’s proposal. In the first 26 days of the 30-day comment period, the CFTC only …
By Pratik Chougule During the second CFTC comment period on Kalshi’s proposed election contracts, the Center for American Progress (CAP) submitted a letter in opposition to the proposal. What’s significant about this to me is that CAP, unlike Public Citizen, is not a grassroots movement. They’re real insiders. While CAP is explicitly left-wing, they’re also …
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AFP News journalist Nick Roll interviewed Coalition for Political Forecasting executive director Pratik Chougule in his recent report on how Americans are betting on the 2024 U.S. elections. Below is an excerpt: Political gambling expert Pratik Chougule…cohosts a betting podcast, and started an advocacy group to push for legalization. “I was a pretty true believer …
Long-time prediction market trader Chris Gillett interviewed Pratik Chougule about the Coalition for Political….
[T]he entire episode has given folks like Pratik Chougule, founder of the Coalition for Political Forecasting, the jitters. Chougule, host of the Star…
Prediction markets have often existed in a regulatory gray area. A newer market, Kalshi, has tried to cooperate with regulators to become a new…
Revelations that Richard Hanania, a prominent member of the political betting community, had written edgy commentaries under a pseudonym sparked a…
Pratik Chougule interviewed Richard Hanania, a plaintiff in PredictIt’s lawsuit against the CFTC, on a recent…
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