Comment Text:
Dear Commissioners,
I am writing to express my concerns about the CFTC's proposal to ban election markets. As a small business owner based in Birmingham, Alabama, I have the need to use predictive data from Kalshi's markets to forecast economic trends and consumer behavior. This information would be critical for adjusting inventory levels and pricing strategies to meet market demand effectively.
Take the last presidential election for example—Kalshi's prediction markets could have provided insights into potential changes in consumer sentiment and purchasing patterns, which would have enabled my business to optimize marketing campaigns and enhance customer engagement. The proposed ban would deprive small businesses like mine of valuable tools for strategic planning and risk management.
Furthermore, the lack of empirical evidence supporting the need for prohibition raises questions about the CFTC's regulatory approach and its potential adverse impact on economic innovation. Instead of restricting market access, I urge the Commission to consider alternative regulatory measures that support entrepreneurship and market competitiveness.
Sincerely,
Michael
