PANews reported on December 24th, citing Bloomberg, that Crypto.com is hiring a quantitative trader to perform market-making operations in its sports betting marketPANews reported on December 24th, citing Bloomberg, that Crypto.com is hiring a quantitative trader to perform market-making operations in its sports betting market
Crypto.com's plan to hire a market maker for sports prediction markets has sparked controversy over a conflict of interest.
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PANews reported on December 24th, citing Bloomberg, that Crypto.com is hiring a quantitative trader to perform market-making operations in its sports betting market, trading against clients. The goal of this position is to "maximize profits while controlling risk." While Crypto.com emphasizes that its internal market-making team does not have access to client data, its rule of providing market makers with a 3-second advance trading window has raised concerns about its similarities to traditional betting platforms and potential conflicts of interest.
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