CFTC Staff Placed on Leave, Then Quit, After Compliance Questions Tied to Prediction-Market Platforms

Several officials at the U.S. Commodity Futures Trading Commission (CFTC) were suspended and later resigned after internal regulatory concerns were raised involving Polymarket, Crypto.com and Gemini-affiliated companies, according to reports. The same reports said CFTC Acting Chair Caroline Pham and senior advisers intervened in related approval processes. The CFTC is reported to have brought more than 80 cryptocurrency enforcement actions during the Biden administration, versus two during the Trump administration. Pham has since joined MoonPay. Her former adviser, Brigitte Weyls, has joined Gemini Titan. The White House said President Trump has no conflict of interest.