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Most Recent Commentary

The Feds Don’t Want You Betting on Elections
Wall Street Journal
Tuesday, November 1, 2022
Regulators shut down an online market for futures contracts related to political outcomes.

Most Recent Media Appearance

Gambling Is Not the Future
Wall Street Journal
Sunday, November 6, 2022

Regarding Donald Luskin’s op-ed “The Feds Don’t Want You Betting on Elections” (Nov. 2): Listed futures contracts must serve some commercial purpose, such as hedging grain or currencies. A futures contract for $2 on Backfire in the third race at Pimlico, however, would be gambling. The Commodity Futures Trading Commission is saying that electoral futures are gambling, not commercial.