I Prayed have prayed
Father, we pray that you would bring integrity and dignity to our elections.
Reading Time: 2 minutes

Is this really setting our nation up for success? Let’s pray that our elections would be treated with more dignity than this.

From Fox Business. Derivatives exchange Kalshi Inc. is ready to let users bet on next month’s midterm Congressional election, with a timer on its website counting down the days, hours and minutes until the first U.S.-based election-betting market goes live.

Connect with others in your state in prayer.


But the plan carries an asterisk: “pending regulatory approval.”

The Commodity Futures Trading Commission, which regulates derivatives, has set an informal Friday deadline for deciding whether to approve a Kalshi request to list options related to the partisan control of Congress.

Kalshi and its backers say that the proposed contracts would be safer for users than foreign venues for election betting, and that they would produce useful information for political scientists. Others point out that betting on elections is illegal in many states, worry about giving citizens a financial incentive to cast their votes for certain candidates and warn that political insiders could use the contracts to profit on nonpublic information. …


Betting on elections was widespread in the U.S. before World War II, sometimes exceeding the volume of stock trading, according to a 2004 paper by economists at the University of North Carolina at Chapel Hill. The activity tapered off after the 1940s as some states outlawed it and newspapers began to rely more on public-opinion polling to predict election results, they said.

Political betting now mainly takes place with sportsbooks located outside the U.S. Kalshi’s request to operate a regulated market comes as sports betting and other forms of gambling have come to many more states, and shortly after an explosion of speculative trading by small investors during the pandemic.

Financial regulators have been wary of allowing contracts based on election outcomes. Federal law directs the CFTC to prohibit so-called event contracts involving “war, terrorism, assassination or gaming or any activity” that violates federal or state laws, or is against the public interest.

“This is a classic example of the intersection between technology disruption and financial markets,” CFTC Chairman Rostin Behnam said Monday at a conference held by the Securities Industry and Financial Markets Association Of election-betting contracts, he said, “Some people are trying to push the envelope.” He didn’t go into further detail or mention Kalshi. …

Previous attempts to bring election contracts onto regulated financial markets have struggled in recent years. …

Arguments about whether the CFTC should allow Kalshi’s proposed election contracts center on two questions: whether they fall into one of the agency’s prohibited categories, and whether they are against the public interest. …

How are you praying about the midterms? Share your prayers and scriptures below.

(Excerpt from Fox Business. Photo Credit: rupixen.com on Unsplash)

Comments (1) Print


Leave A Reply

Your email address will not be published.

October 30, 2022

Commission for Future Comedy-Trade❓
🤔…How funny & crazy can it get ?. 😂
Wow(Woe) this will be funny🤣 The semi-gay(half-guy) Media-F’ARTiMA dancing with pink skirt on a *gigantic-toc (*pun) lesbianGenderElephantTrapeze😊
Completely without Halyard*NET❓
(*BigRedAlia-NET)It sure can’t end well !
There’ll SUREly be a deadly(nasty)broken Neck! For the “Fag on the Back” & for the
*BETTORS (*Sons of the WHOre) on the
“BiG-RED”Water-BED(saddle) of the
Whore’s(HORSE)! One of those HORSES
that will sink(& dies) in the BiG-RED Sea!
Even the best WLAN*Router (*Internet
Whip) will no longer help, when lightning
will strike gay Zoro’s MircleWhip.!
Welcome in CiRCUS MAXIMUS !❗🤣
Stage free..! for the very last BiG-RED
Funky-Wodan-Phone-Pony-Show !
Greetings🃏from Germany !
…You are alle blessed…


Partner with Us

Intercessors for America is the trusted resource for millions of people across the United States committed to praying for our nation. If you have benefited from IFA's resources and community, please consider joining us as a monthly support partner. As a 501(c)3 organization, it's through your support that all this possible.

Dave Kubal
IFA President
Become a Monthly Partner


Click below to share this with others

Log in to Join the Conversation

Log in to your IFA account to start a discussion, comment, pray, and interact with our community.