Polymarket Cuts Staff as It Tries to Catch Kalshi
By PYMNTS
AI summary of the source article
Prediction market platform Polymarket has cut staff and severed ties with contractors. The move is part of a company-wide reduction as the platform attempts to keep pace with competitor Kalshi.
Key facts
- Polymarket cut staff and ended ties with contractors as it attempts to keep pace with rival Kalshi.
- A company email shared on social media confirmed contractors were released in a company-wide reduction.
Source excerpt · PYMNTS
Polymarket, a prediction market platform, cut staff and broke ties with contractors as it tries to keep pace with rival Kalshi, Bloomberg reported Wednesday (Nov. 11). A screenshot of an email sent by the prediction market company and circulated on social media last week said some contractors were being let go in a “company-wide reduction […] The post Polymarket Cuts Staff as It Tries to Catch Kal…