Polymarket, the prediction market platform, is reducing its workforce, according to a report that links the move to pressure from investors. The same report says rival Kalshi is gaining ground, though the headline alone doesn't include details on the size of the layoffs or the metrics behind Kalshi's lead. The story points to growing competition in the prediction market sector.

Worth watching whether the rivalry pushes more platforms to adjust their business models.

Source: https://www.coindesk.com/business/2026/11/12/polymarket-trims-workforce-under-investor-pressure-as-kalshi-surges-ahead

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