PANews|Dec 24, 2025 01:05
[((Crypto.com)) Plans to Hire Sports Prediction Market Maker, Sparking Conflict of Interest Controversy]
According to Bloomberg, ((Crypto.com)) is recruiting a quantitative trader to conduct market-making operations on its sports prediction market, trading against clients. The role aims to 'maximize profits while controlling risks.' Although ((Crypto.com)) emphasizes that its internal market-making team does not have an advantage with client data, its rule granting market makers a 3-second head start for trading has raised concerns about its similarities to traditional betting platforms and potential conflicts of interest.
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