Comment on CFTC-2026-0331, CFTC-2026-0331-0001, Jeromee, Johnson

Summary: Jeromee Johnson, writing in his individual capacity as a former markets practitioner and current leader at Tellus App, Inc., supports the Commission's effort to regulate prediction markets. He argues that the Commission should adopt an "economic purpose test" to distinguish between legitimate hedging contracts and sports/entertainment betting, while also requiring robust consumer protection standards for the latter.