Crypto.com Hires Internal Market Maker for Predictions – Is the Exchange Trading Against Users?

Crypto.com is moving deeper into prediction markets with plans to staff an internal market-making desk, a step that is drawing renewed attention to how these platforms operate and whether exchanges may end up trading directly against their own users. The Singapore-based cryptocurrency exchange is recruiting a quantitative trader to join a team responsible for buying and selling financial contracts tied to the outcomes of sporting events on its prediction market platform. Liquidity or Conflict? Crypto.co ...