Comment on CFTC-2026-0331, CFTC-2026-0331-0001, Ken, Fitzpatrick

Summary: The commenter, a professional prediction market trader, argues that these markets provide valuable public-interest information, price discovery, and hedging capabilities that are superior to biased punditry or crude financial proxies. They advocate for a regulatory framework that addresses specific risks—such as manipulation, insider trading, and unclear rules—rather than imposing broad prohibitions or treating the markets as equivalent to house-banked gambling.