Comment Text:
In North Carolina, where tobacco farming is prominent, political decisions on subsidies, trade tariffs, and health regulations profoundly affect us. Kalshi's election prediction markets could help anticipate these changes, providing a buffer against potential risks. The CFTC’s resistance to these markets ignores the benefits they offer.
Accurate election forecasts are critical for making informed decisions about crop production and market engagement. Tobacco is particularly sensitive to regulatory changes. Knowing the likelihood of such changes helps us plan our crop cycles and financial strategies. This is about leveraging markets and truthful data to protect our income and sustain our farming practices amidst political fluctuations.
Furthermore -- your decision here is only going to further the illegal and offshore exchange activity. Did you know billions is being traded on offshore markets without CFTC oversight? Why should Kalshi be punished for going the regulated route? The truth is, if I were to start a prediction market in this country, the message you are sending is to go the unregulated route rather than the regulated one because those under CFTC oversight will be restricted, banned, and unfairly punished without any data or facts to back up your decisions.
