1h ago
Crypto.com builds internal market‑making team to trade against users on sports prediction markets
Crypto.com is recruiting quantitative traders to staff an internal market‑making desk that will trade sports‑linked prediction contracts directly against customers on its exchange. The role, described in a recent job posting, focuses on buying and selling event‑based financial contracts to boost liquidity and “maximize profits while carefully managing risks.” The move has intensified debate over potential conflicts of interest, as rivals Kalshi and Polymarket face lawsuits and criticism over similar in‑house trading operations.