Polymarket has hired former Zora CEO Jacob Horne to lead product strategy with a focus on its DeFi offering. CEO Shayne Coplan acknowledged that the prediction market’s onchain product performance has weakened as the company scaled. Vice president of DeFi engineering Josh Stevens described the central limit order book (CLOB) as full of tech debt, with the matching engine being rewritten in Rust targeting late Q4. Current fees remain unchanged for now.
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