New Role Focuses on Market-Making Amid Growing Regulatory Scrutiny
Crypto.com is actively hiring a quantitative trader to enhance its market-making capabilities in sports event prediction markets in the United States. The move signals the company’s commitment to expanding liquidity and pricing sophistication as the sector experiences rapid growth.
The US-based role, offering a starting annual salary of $120,000, will focus on continuous market quoting, real-time price adjustments, and risk management for yes-or-no outcomes tied to sporting events. By strengthening in-house expertise, Crypto.com aims to support higher trade volumes and more efficient pricing across its prediction market products.
This hiring push coincides with strategic partnerships that extend Crypto.com’s presence in the space. Sports apparel leader Fanatics recently launched a fan-focused prediction market using Crypto.com’s regulated derivatives infrastructure, joining earlier collaborations with platforms such as Truth Social and MyPrize. Together, these markets compete with established platforms like Polymarket and Kalshi, which collectively see billions of dollars in monthly trading volume.
The expansion occurs amid intensifying legal and regulatory scrutiny. Certain US states, including Connecticut, have challenged sports event contracts, classifying them as unlicensed sports wagering, despite federal pathways for regulation through the Commodity Futures Trading Commission (CFTC). Exchanges, including Coinbase through its recent acquisition of The Clearing Company, are racing to secure pricing, liquidity, and distribution capabilities while navigating evolving compliance requirements.
Crypto.com’s quant trader hire reflects a broader industry trend where digital asset firms are professionalizing operations in event-based trading to capture market share in a highly competitive and regulated environment.
Disclaimer
This content is for informational purposes only and does not constitute financial, investment, or legal advice. Cryptocurrency trading involves risk and may result in financial loss.