TFT Founder Shuts Down Rev One Trading, Pivots to Prediction Markets
TFT founder Angelo Ciaramello has shut down Rev One Trading, citing a lack of scalable platform infrastructure, and says he's pivoting to prediction markets — following TFT's own history of payout suspensions and ongoing litigation.
Another closure in Ciaramello's prop firm run
Angelo Ciaramello, the founder behind The Funded Trader, has shut down Rev One Trading, a separate futures prop firm he ran. The news came via a post on X on August 21 rather than any formal statement, and Ciaramello framed it as a deliberate exit from prop trading altogether, not a pause.
His stated reason: no platform to scale on
Ciaramello pointed to infrastructure as the core problem. In his words, the firm "did not have a top platform option" to support growth, despite what he described as a strong underlying product. He didn't name the platform involved or specify what capability was missing.
He also didn't share anything about the status of active subscriptions, pending payouts, or what happens to traders currently holding evaluation or funded accounts. As of publication, Rev One's website was still live.
What Rev One was selling
Rev One ran a subscription-based, one-step evaluation model. Traders paid to hit a profit target while staying inside drawdown limits, and clearing that bar moved them to a simulated funded account with performance-based payouts. Per Rev One's own site, none of this touched a real exchange — all trading was simulated, and the firm never registered as a broker, futures commission merchant, or other financial intermediary.
The TFT baggage this follows
This isn't Ciaramello's first firm to hit turbulence. TFT, his earlier and much larger venture, suspended payouts in March 2024 during what it called an internal audit, later resumed operations, and announced a move from the US to the Cayman Islands.
TFT and its operating entity, Easton Consulting Technologies, are also facing a 2025 lawsuit from tech provider FPFX Technologies, which alleges over $184,000 in unpaid fees and a breach of an exclusivity agreement — claims that haven't been tested in court.
What's next, and what's still unclear
Ciaramello says he's moving into prediction markets, but hasn't named a product, a platform, or a timeline. Whether that means a consumer app, backend trading infrastructure, or something else — and what regulatory structure it would sit under — is still an open question.
Why this matters for traders
- •Rev One account holders: no official word yet on subscriptions or payouts — watch for direct communication from the firm rather than assuming continuity.
- •Evaluating firms tied to this founder: TFT's audit suspension, relocation, and ongoing litigation are part of the same track record.
- •Broader read: another platform-dependency failure in the one-step subscription niche — a reminder that a firm's scale claims rest on tech partnerships that can fall apart.
