Polymarket Said to Have Reduced Workforce, Let Go of some Contractors (POLYMARKET:Private)

Polymarket said to have reduced workforce, let go of some contractors (POLYMARKET:Private)

Polymarket (POLYMARKET) has cut workforce and a number of contractors as part of a recovery effort after several stumbles, Bloomberg News reported on Wednesday.

Polymarket Cuts Staff and Contractors in Reorganization

Marketing was a focus of the cuts, Front Office Sports reported, as Polymarket trails Kalshi despite rising reported revenue.

Polymarket Cleans House Ahead of Potential 2027 IPO as Revenue Soars

Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below. Polymarket is cutting jobs and shaking up its leadership ahead of a possible 2027 IPO, despite annualized revenue soaring past $1.8 billion. The prediction market giant laid off some full-time…