CFTC Suspends Officials Questioning Prediction Market Regulation Amid Internal Probes
2026-05-24 18:56

Woofun AI reports that multiple senior CFTC officials who raised regulatory concerns regarding Polymarket, Crypto.com, and Gemini affiliates were suspended and forced to resign. An investigative disclosure revealed that then-acting chair Caroline Pham and her senior advisors intervened to facilitate approvals for these entities, which face accusations of business ties to the Trump family.

By the end of 2025, five officials enforcing cryptocurrency laws were placed on administrative leave without specific reasons cited. Following their departures, Pham joined MoonPay, a partner of Polymarket, while advisor Brigitte Weyls became legal counsel for Gemini Titan.

Concurrently, CFTC enforcement actions plummeted from over 80 under the Biden administration to just two during Trump's term, despite the withdrawal of at least five crypto investigations. A White House spokesperson denied any conflict of interest.

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Tags:
Caroline Pham
Brigitte Weyls
Polymarket
MoonPay
CFTC
Crypto.com
Gemini
Gemini Titan
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