Comment on CFTC-2026-0331, CFTC-2026-0331-0001, Nicholas, Jager

Dear Chairman Selig, I am writing as a professional prediction market trader to offer my perspective on the Commission s ongoing rulemaking regarding event contracts. I believe that a robust, federally regulated prediction market ecosystem provides significant public utility by generating high-integrity, transparent data that complements traditional information sources. These markets serve a vital role in institutional accountability. By providing a financial incentive for accuracy, they offer a neutral benchmark that helps the public navigate complex political and geopolitical landscapes. For many participants, including myself, the information provided by these markets is a tool for informed decision-making and personal risk management in an increasingly volatile global environment. I specifically chose to engage with CFTC-regulated platforms like Kalshi because I value the federal oversight and consumer protections they provide. I do not utilize unregulated or offshore platforms, as I believe the lack of transparency and legal recourse in those venues poses a risk to both individual participants and the broader financial system. A single, consistent federal standard is essential for ensuring that these markets operate fairly across state lines, much like the SEC protections I rely on for equities trading. I strongly urge the Commission to establish clear compliance and enforcement standards. Strengthening market integrity through rigorous oversight is the best path to fostering innovation while protecting the public interest. I would welcome further efforts to expand these platforms in a way that provides more sophisticated hedging tools and reliable data for all Americans. Respectfully, Nicholas Jager