Comment Text:
I am writing to share my support for prediction markets and to encourage the CFTC to adopt clear, consistent federal regulations that protect and preserve access to these markets.
I am a regular trader on prediction market platforms and have found them to be a uniquely engaging and intellectually rewarding way to participate in markets. Sports markets in particular are important to me. Unlike traditional sports betting, where participants are wagering against the house, prediction markets allow traders to compete against each other in a transparent, exchange-based environment. This makes them fundamentally fairer and more efficient. Sports contracts also play an important role in driving liquidity that benefits all participants across the broader platform.
I strongly support federal oversight of prediction markets rather than a state-by-state regulatory patchwork, which would create inconsistent consumer protections and unnecessary barriers to access. Clear federal standards applied to Designated Contract Markets like Kalshi represent the most coherent and effective path forward for market surveillance, compliance, and enforcement.
In my experience, the dispute resolution processes on regulated platforms have been transparent and fair. I trust these platforms to maintain market integrity, and I believe the CFTC is well-positioned to set the standards that ensure they continue to do so.
Finally, I strongly support maintaining the prohibition on trading using material non-public insider information in event contracts. This is essential to preserving trust and fairness in these markets.
Thank you for the opportunity to comment. I hope the Commission will act to protect and strengthen access to prediction markets for traders like me.
