Gambling Is Not the Future

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.