Crypto.com Prediction Markets head Travis McGhee departs
Travis McGhee, head of Crypto.com Prediction Markets, has left the company, according to a social media post from Forex News Group and an exclusive report from Fxnewsgroup.com. The departure was reported in a broader industry round-up also covering personnel moves at other trading firms. McGhee's exit removes a senior executive from Crypto.com's prediction markets and event contracts unit. Crypto.com has been expanding into event contracts as part of its broader crypto trading platform and has offered prediction-market products through its exchange. The company did not announce a replacement. Crypto.com did not comment on the departure.
Crypto.com now lacks named executives in both its event contracts and prediction markets divisions after losing its second leader to a rival in two weeks. Competitors are poaching from Crypto.com's bench while the exchange struggles to signal strategic priority for the units.
Crypto.com loses its second prediction-markets leader to a rival in under two weeks after Lundgren departed for Underdog, leaving the exchange without named executives in both its event contracts and prediction markets divisions.