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August 17, 2023 | The American Prospect

Timi Iwayemi

Op-Ed 2024 ElectionEthics in GovernmentFinancial RegulationGovernanceRevolving Door

The CFTC Ponders Gambling on Democracy’s Future

As long as one party remains totally united behind a man who attempted to overthrow the government by force, was the most corrupt president in American history, and undermines the public’s faith in elections at every turn, the future of American democratic self-government is at risk.

Sounds scary. But what if I told you this was a great opportunity for fun and profit? Silicon Valley–backed startup Kalshi is attempting to expand the amount of gambling on the country’s elections with the introduction of an “event contract” centered around congressional elections. Simply put, the firm aims to allow traders to bet on the event: Which party will win control of Congress?

July 14, 2023

Timi Iwayemi

Hack WatchNewsletter CryptocurrencyEthics in GovernmentFinancial Regulation

The Crypto Industry Thinks Gary Gensler Should Recuse Himself From Enforcement Actions.

If we were to agree to the industry’s demand that policy experts should be precluded from regulating issues they have spent significant amounts of time developing expertise in, we would be setting a precedent that severely undermines any kind of public-minded enforcement. In fact, banning experts such as Gensler would leave the public with a pool of potential regulators who are either already corporate-aligned or unqualified to adequately opine on pressing issues.