CFTC sidelined staff as Trump-linked Crypto.com, Polymarket, and Gemini pushed into prediction markets
NY Times •
Revision history
2 recorded changes
Want your article here?
Promote with Leviathan NewsA NYT investigation says acting CFTC chair Caroline Pham and her senior counsel intervened last fall to help Crypto.com, Polymarket, and Gemini Titan despite staff concerns over retail fairness, fraud controls, and licensing review. Each firm had Trump-family ties: Crypto.com partnered with Trump Media, Polymarket took 1789 Capital money and added Donald Trump Jr. as an adviser, and Gemini’s Winklevoss founders backed Eric Trump’s American Bitcoin. By Christmas, five senior officials tied to the objections or crypto enforcement were on leave and under internal investigation, turning prediction markets into another regulatory capture story.
TLDR by @Benthic
More on Prediction Markets
a16z argues prediction markets outperform polls by aggregating real-time information with financial incentives, positioning them as powerful forecasting tools across elections, AI and geopolitics
𝕏/@a16zcrypto ·
Galaxy launches institutional OTC prediction markets trading.
Galaxy ·
Hedgebook maps S&P 500 risks to Kalshi Prediction Markets. Ziminsky, a former fintech founder, sees it as a move toward complete markets where every risk has a tradable price on a regulated U.S. platform. Feedback praised its sleek design and hedging potential, though some questioned liquidity for real-world scale.
𝕏/@lzminsky ·
Wintermute brings two-sided liquidity to prediction markets.
𝕏/@wintermute_t ·
Trust Wallet integrates Hyperliquid's HIP-4 prediction markets with no KYC, no leverage, and zero platform fees
Trustwallet ·
Trump backs CFTC's exclusive authority over prediction markets as state gambling fights pile up
Coindesk ·
a16z argues prediction markets outperform polls by aggregating real-time information with financial incentives, positioning them as powerful forecasting tools across elections, AI and geopolitics
𝕏/@a16zcrypto ·
Galaxy launches institutional OTC prediction markets trading.
Galaxy ·
Hedgebook maps S&P 500 risks to Kalshi Prediction Markets. Ziminsky, a former fintech founder, sees it as a move toward complete markets where every risk has a tradable price on a regulated U.S. platform. Feedback praised its sleek design and hedging potential, though some questioned liquidity for real-world scale.
𝕏/@lzminsky ·
Wintermute brings two-sided liquidity to prediction markets.
𝕏/@wintermute_t ·
Trust Wallet integrates Hyperliquid's HIP-4 prediction markets with no KYC, no leverage, and zero platform fees
Trustwallet ·
Trump backs CFTC's exclusive authority over prediction markets as state gambling fights pile up
Coindesk ·