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Comment for Proposed Rule 89 FR 48968

  • From: Tyler B
    Organization(s):

    Comment No: 73880
    Date: 6/27/2024

    Comment Text:

    As a cattle rancher in Texas, I see firsthand how political decisions on tariffs and subsidies can drastically affect my business. Kalshi's election prediction markets could be a vital tool for anticipating these changes and mitigating risks. The CFTC’s stance against these markets is not in our best interest. We need reliable information to navigate the complexities of agricultural policy. Decisions made in Washington can mean the difference between profit and loss on our ranch. For example, shifts in beef trade agreements or changes in federal grazing policies have a direct impact on our operations. Election outcomes can forecast these shifts, allowing us to adapt our business strategies accordingly. Without these predictive tools, we are left vulnerable to the whims of political change.

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