Comment on CFTC-2026-1189, CFTC-2026-1189-0001, Gaven, Anguiano

Dear Chairman and Commissioners: My name is Gaven Anguiano. Im a full-time sports trader and investor from Texas, and I support the CFTCs proposed rule, Prediction Markets; Public Interest Determinations, RIN 3038-AF65, published at 91 FR 35806. Trading sports event contracts on Kalshi has given me complete location freedom. This is my livelihood, so clear and reliable rules matter to me in a very practical way. I support the proposals decision to review contracts individually under Regulation 40.11 and explain the reasons for each determination. Please keep that approach in the final rule. Someone who actually trades these contracts needs to understand what is allowed and why. Banning an entire category in advance would make the rules less useful and could remove legitimate products without considering their actual features. The Commission is also right to recognize what happens when legal, regulated contracts are prohibited in the United States. Demand doesnt disappear. Traders are pushed toward offshore platforms that may lack customer fund protections, market surveillance, and any meaningful recourse when something goes wrong. If the United States gives up these markets, another country will receive the economic and technological benefits of hosting them, while American traders face more risk. That point should remain front and center in the final rule. I also strongly support the proposals broad recognition of price discovery and information value. I follow market prices to see how expectations change as games, seasons, and tournaments develop. Even when someone isnt using a contract as a hedge, the price still provides useful information about the collective assessment of an outcome. That is how real traders and other users read these markets. The mainstream sports markets I trade or follow serve the public interest and belong on well-regulated, CFTC-overseen exchanges. These include contracts based on final scores and who wins, point spreads and margins of victory, season-long and tournament outcomes, and player or team statistical totals over a game or season. They settle using objective, publicly verifiable results that no single market participant can control. Their prices also provide useful, constantly updated information about expectations. I understand that the Commission has legitimate concerns about certain types of contracts. Im not defending contracts based on player injuries, in-game fights or altercations, or youth and pre-collegiate sports. I also support prohibiting contracts on war, death, assassination, and terrorism. Please finalize the proposal while preserving its contract-by-contract review, reasoned decisions, recognition of offshore displacement, and strong treatment of price discovery and information value. Clear rules will protect traders, support responsible U.S. markets, and confirm that mainstream sports event contracts serve the public interest. Sincerely, Gaven Anguiano