CFTC crypto oversight questioned after officials were pushed out
Senior Commodity Futures Trading Commission officials who raised concerns about prediction market firms were suspended, investigated and pushed out, according to a New York Times investigation.NYT reported CFTC officials raised concerns about Polymarket, Crypto.com and a Gemini affiliate before suspensions.Crypto.news reported CFTC relief for event contracts as prediction market legal fights widened nationwide.The CFTC sued New York after state actions against Coinbase and Gemini prediction markets. The NYT reported that career officials questioned activity tied to Polymarket, Crypto.com and a Gemini affiliate. Staff raised concerns over consumer treatment, fraud controls and whether one affiliate had finished a needed regulatory review. The report said then-acting CFTC chair Caroline Pham and senior counsel Brigitte Weyls later helped the firms move forward. The NYT said two officials who raised questions were placed on administrative leave by late 2025. Three other staff members tied to crypto enforcement also faced the same action. Crypto enforcement falls under scrutiny The NYT report said the CFTC pulled back from crypto enforcement under the current administration. It said the agency dropped at least five crypto probes and filed only two crypto enforcement cases, both against individual operators. The article also said staff saw a clear message inside the agency: “Dont cause trouble.” The