Crypto.com Hiring Sports Market Maker to Trade Against Customers

Crypto.com is looking for a new employee to work on a market making team that will face off against customers on the company’s prediction market exchange.

The Singapore-based company has posted a job listing for a “quant trader” who will buy and sell financial contracts tied to the outcome of sports games.

Market making has been a controversial topic for prediction market companies, which offer federally regulated financial contracts tied to the outcome of sports games and other events.

The companies have presented themselves as neutral platforms where people with different opinions can meet and trade, in contrast to sports ...