Long-time prediction market trader Chris Gillett interviewed Pratik Chougule about the Coalition for Political Forecasting’s report, “Political Betting Regulation in the United States: Pathways to Liberalization.”

The interview covers:

• Comparing prediction markets as a forecasting tool to polls, models, and superforecasters 
• Insider trading in political betting
• Hedging use cases for political prediction markets
• The unrivaled speed of political betting markets
• Political gambling as an educational tool
• Political betting as a forum for political discourse
• Prediction markets as a means of fielding forecasting talent
• The process of writing the report
• The importance of attending public CFTC events
• CFTC Chairman Behnam’s concerns about the CFTC becoming an “election cop”
• Activism on behalf of prediction markets