Polymarket Seeks Chief Risk Officer After Legal Hiring Spree

Prediction markets platform Polymarket is looking to hire a chief risk officer as it works to expand its regulated business in the US, according to people familiar with the matter.

The Commodity Futures Trading Commission, which regulates Polymarket’s US operations, has stipulated that the platform needs to hire a chief risk officer to oversee its US entities. CFTC rules prohibit listing some of the more controversial contracts in the US, such as those related to war, that Polymarket offers in its international business.