Campaign finance reform can impact elections by regulating the flow of money in politics, aiming to enhance fairness and transparency. Such reforms seek to reduce the influence of wealthy donors and special interest groups on candidates and policies. By limiting campaign contributions and increasing transparency regarding funding sources, reform can level the playing field, encouraging broader participation and fostering trust in the electoral process. However, opponents of reform argue that such measures infringe on free speech and may inadvertently restrict political speech and engagement.