Can you please explain why you think the presence of a penis is relevant?
Your sex is determined by your chromosomes.
If you have a Y chromosome you are Male.
Whatever genitalia you have, whatever surgery you have to appear female, if you have a Y chromosome you are, AND WILL ALWAYS BE a man.
Some babies are born with DSD. They appear to be female. Later in life when puberty kicks in they become noticeably different, get genetically tested, and it's discovered that they are actually male - the presence of a Y chromosome determines their actual sex as opposed to the apparent sex.
They are undoubtedly in an awful situation. I am really sorry for them.
But my sympathy cannot extend to denying biology, the fact that they are men, and get all the physical advantages that their Y chromosome bestows in puberty.
With a punch 162% harder than women (real women) surely you can acknowledge the very real physical risk of serious harm - or death - to any female competitors that these actual men are put against?
Why not have a separate category to cater for men with DSD and Transgender? There's at least 2 in this Olympics.