Polymarket Confirms Restructuring With Layoffs and Contractor Terminations

Cointime update: Prediction market platform Polymarket has confirmed a company-wide restructuring that includes layoffs and the termination of several contractor agreements, after an email screenshot circulated on X last week. The company said the changes involve significant new hiring, role adjustments and some departures, but declined to disclose the number of employees affected. Polymarket, once the largest prediction market exchange, has since been overtaken by Kalshi.