The US Commodity Futures Trading Commission (CFTC) continues to wrestle with how to best regulate prediction markets. The commission is expected to make a decision as soon as this week on whether the startup Kalshi can offer a market on the outcome of the upcoming midterms. Election prediction markets have proven to be a powerful tool for forecasting elections and are typically more accurate, timely, and complete than conventional methods. Kalshi’s proposal does not pose a risk to the integrity of the US election system. Approving Kalshi’s submission would be a step in the right direction for the commission and promotes the public interest