Polymarket Restructures, Lays Off Employees, and Ends Cooperation with Some Contractors
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A report on November 12, 2026, said that Polymarket confirmed it was reducing its full-time workforce and ending cooperation with many contractors as part of a company restructuring. The report also said that competition in prediction markets is intensifying: in the third quarter of 2026, Kalshi accounted for 73% of total trading volume, while Polymarket accounted for approximately 18%. Polymarket's annualized revenue run rate has exceeded $1.8 billion, up from the level of more than $1 billion in June. The company is considering going public as early as 2027, but the U.S. Commodity Futures Trading Commission (CFTC) is still investigating whether it violated a 2022 agreement.
AI-written from reports · updated 23 minutes ago
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- CryptopolitanPolymarket lays off employees and ends work with some contractors as prediction market competition intensifies
Polymarket confirmed that it laid off full-time employees and stopped working with many contractors as part of a company restructuring. In the prediction market competition, Kalshi accounted for 73% of total trading volume in the third quarter, while Polymarket accounted for about 18%; the latter’s revenue run rate has exceeded $1.8 billion, up from more than $1 billion in June. Polymarket is considering going public as early as 2027, but the CFTC is still investigating whether it violated a 2022 agreement.
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