CFTC sidelined staff as Trump-linked Crypto.com, Polymarket, and Gemini pushed into prediction markets

A NYT investigation says acting CFTC chair Caroline Pham and her senior counsel intervened last fall to help Crypto.com, Polymarket, and Gemini Titan despite staff concerns over retail fairness, fraud controls, and licensing review. Each firm had Trump-family ties: Crypto.com partnered with Trump Media, Polymarket took 1789 Capital money and added Donald Trump Jr. as an adviser, and Gemini’s Winklevoss founders backed Eric Trump’s American Bitcoin. By Christmas, five senior officials tied to the objections or crypto enforcement were on leave and under internal investigation, turning prediction markets into another regulatory capture story.

TLDR by @Benthic

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