Comment on CFTC-2026-1189, CFTC-2026-1189-0001, Timothy, Massad

Summary: Timothy G. Massad, a former CFTC chairman and current academic at Harvard University, opposes the proposed rules, arguing that the CFTC is overstepping its jurisdiction by attempting to regulate sports betting and prediction markets. He contends that the agency is mischaracterizing its mission, misinterpreting statutory definitions of "swaps," and creating an impractical and illusory review process.