Rev One Trading Shuts Down as Founder Shifts Focus to Prediction Markets

Rev One Trading has shut down its futures prop-trading business, with founder Angelo Ciaramello saying the company was unable to scale because it lacked a suitable trading platform.

Ciaramello confirmed that he is stepping away from the prop-firm sector and will redirect his attention toward prediction markets. He did not disclose the structure, launch schedule or specific products involved in the new project.

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Rev One Ends Its Futures Prop-Trading Business

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Founder Turns to Prediction Markets

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Rev One Ends Its Futures Prop-Trading Business

Rev One operated a subscription-based evaluation model for futures traders.

Participants were required to reach profit targets without breaching drawdown limits before becoming eligible for simulated funded accounts and performance-based payouts.

The company stated that all trading activity took place in a simulated environment and that no futures transactions were executed directly on an exchange. It also said it was not registered as a broker or futures commission merchant.

Ciaramello attributed the shutdown mainly to technology constraints, saying the platform available to the business did not support the level of growth it was targeting.

The announcement did not provide details on active subscriptions, outstanding payouts or other customer arrangements following the closure.

Founder Turns to Prediction Markets

Ciaramello said his next focus will be prediction markets, marking a move away from the prop-trading businesses he has worked on in recent years.

No details have been released on whether the new venture will operate a prediction-market platform, provide trading infrastructure or focus on another part of the sector.

The shift comes as prediction markets attract growing attention from trading companies and technology providers looking beyond traditional forex, CFD and prop-trading models.

WikiFX continues to track changes involving trading firms, platforms and regulatory developments across the wider online trading industry.

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