Polymarket Lays Off Employees and Ends Contractor Deals, Denies Reports of 30% Workforce Cuts
🔄 Polymarket has undergone a restructuring, resulting in layoffs primarily affecting its marketing, customer experience, and engineering teams, as the company prepares for growth.
📉 Over half of those impacted were contractors, with the company disputing claims of a 30% workforce reduction, though it hasn't disclosed the exact number of layoffs.
📈 Despite the layoffs, the prediction market sector is thriving, with Polymarket and Kalshi accounting for 91% of a record $194.1 billion in trading volume during Q3 2026, although search interest for prediction markets has declined.
🔄 Polymarket has undergone a restructuring, resulting in layoffs primarily affecting its marketing, customer experience, and engineering teams, as the company prepares for growth.
📉 Over half of those impacted were contractors, with the company disputing claims of a 30% workforce reduction, though it hasn't disclosed the exact number of layoffs.
📈 Despite the layoffs, the prediction market sector is thriving, with Polymarket and Kalshi accounting for 91% of a record $194.1 billion in trading volume during Q3 2026, although search interest for prediction markets has declined.