Comment on CFTC-2026-1189, CFTC-2026-1189-0001, Tyler, Young

As a frequent user of prediction markets I support preserving access to federally regulated prediction markets, including objective esports and sports event contracts offered through exchanges such as Kalshi. Prediction markets make it so the market is straightforward, the order book is transparent, and the outcome is well defined. These markets should be regulated based on their actual structure and safeguards, not treated the same as unregulated gambling platforms. Contracts involving tournament winners, match outcomes, and other objectively verifiable events can operate transparently under federal oversight with identity verification, age restrictions, position limits, market surveillance, and rules against insider trading and manipulation. A blanket prohibition would reduce consumer choice and could push users toward offshore or unregulated platforms that provide fewer protections. A better approach is to establish clear federal standards for market integrity, responsible participation, settlement procedures, and protection against manipulation. Esports markets in particular involve organized competitions determined primarily by player skill, team strategy, and measurable tournament results. They should not be grouped with games of pure chance. Regulators can address legitimate concerns through targeted safeguards rather than eliminating access entirely. I respectfully urge the CFTC to preserve lawful access to well-regulated event contracts and to maintain a consistent national framework for registered prediction-market exchanges. Any new rules should protect consumers while allowing transparent, objectively settled markets to continue operating. - Tyler Young