Paradigm has submitted comments opposing the proposed rules by the Commodity Futures Trading Commission (CFTC) on political event contracts and prediction markets. This issue is closely tied to the upcoming US presidential election, whose outcome will have far-reaching implications for global, national, and cryptocurrency sectors. Recently, prediction markets have emerged as crucial tools for forecasting election outcomes. However, the CFTC has decided to push forward with a proposed rule that would completely ban political event contracts and impose strict limitations on prediction markets. Paradigm has expressed significant concern, noting that this rule could hinder the CFTC’s objective of promoting responsible innovation under the Commodity Exchange Act. At the same time, Paradigm urges the CFTC to reconsider and revise this ill-conceived and technologically biased rule to avoid undue harm to democratic processes through over-regulation. Accurate and timely information is critical for elections and democracy, and should not be overlooked in legislation.