BLOOMBERG · 2026-11-11 18:54 UTC

Polymarket Cuts Workforce After Stumbles Prompt Reorganization

Polymarket laid off staff and ended contracts with some contractors in a company-wide reduction in force this month, according to an email the company confirmed as legitimate. The company said the reorganization followed new senior hires and was meant to set it up for its next phase of growth, without giving headcount figures. Polymarket has lost its position as the largest prediction market exchange to Kalshi and has faced legal problems on several fronts.

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