Polymarket Cuts Workforce After Stumbles Prompt Reorganization

🇺🇸 Bloomberg (US) —

AI Summary

Prediction-market company Polymarket is laying off employees and ending contracts as it reorganizes after setbacks. The changes are part of an effort to regain ground against its main rival.

Polymarket has laid off staff and severed ties with a number of contractors as part of a broader effort to recover from several stumbles that have left it lagging its main rival.

Markets Deals Polymarket layoffs reorganization prediction markets competition

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