Angelo Ciaramello, founder of The Funded Trader (TFT), has closed futures prop firm Rev One Trading. He blamed the decision on the absence of a competitive platform that could support growth.
"We built an amazing product but did not have a top platform option, which hurt our ability to scale," he wrote.
As of last week @revonetrading has been shut down. We built an amazing product but did not have a top platform option which hurt our ability to scale. It’s been a legendary run from @thefundedtrader to multiple other firms but it’s time to retire from prop firms and focus on…
— Angelo Ciaramello (@savedbyfx) August 21, 2026
He said he was leaving prop trading after working on TFT and other firms, and would focus on prediction-market products. He did not identify those products or give a timetable.
Platform Limitation Ends Subscription Model
Rev One marketed one-step evaluation accounts under a subscription model. Traders had to reach a profit target without breaching drawdown limits before becoming eligible for a simulated funded account and performance-based payouts.
The company's website states that all activity took place in a simulated environment and no futures trades were executed on an exchange.
It also says Rev One was not registered as a broker, futures commission merchant or other financial intermediary.
Ciaramello's announcement did not explain which platform Rev One used or what functionality was missing. It gave no information about active subscriptions, outstanding payouts or customer obligations.
The website remained accessible at publication.
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TFT History Precedes Prediction Market Focus
Ciaramello previously founded and led TFT, which suspended payouts and operations in March 2024 during what it called an internal audit.
The firm later returned online and announced plans to move operations from the United States to the Cayman Islands.
TFT and its operator, Easton Consulting Technologies, were sued by technology provider FPFX Technologies in 2025. FPFX alleged more than $184,000 in unpaid fees and a breach of an exclusivity clause. The claims remain allegations.
Ciaramello has not said whether his prediction-market plans involve a consumer platform, trading infrastructure or another service layer, leaving the proposed business's operating and regulatory structure unclear.
