Crypto.com hiring quant trader for sports event prediction market making in the US

Crypto.com is expanding its involvement in prediction markets, evidenced by its search for a US-based quant trader focused on market-making for sports event contracts. This role involves real-time pricing, liquidity provision, and risk management for yes-or-no outcomes tied to sporting events, with a minimum advertised salary of $120,000. This hiring move coincides with Crypto.com launching prediction markets with partners like Fanatics, Truth Social, and MyPrize, competing in a growing sector alongside platforms like Polymarket and Kalshi. The expansion occurs amid increased regulatory pressure, as Connecticut regulators recently issued cease-and-desist orders against Crypto.com and others regarding sports event contracts, arguing they constitute unlicensed sports wagering.

(Source：The Block)