Polymarket laid off some employees and terminated several contractor agreements as part of a restructuring mainly affecting marketing, customer experience and engineering. More than half of those affected were contractors, while the company denied reports of a 30% workforce reduction without disclosing the total number of people affected. The move followed an email notifying contractors that their agreements would end on November 4, 2026, as part of a company-wide reduction in force. It comes alongside the appointment of Warren Jenson as the company’s first chief financial officer and former Uber executive Travis VanderZanden as chief growth officer. Meanwhile, prediction markets recorded $194.1 billion in notional trading volume in the third quarter of 2026, up 75% from the previous quarter, with Polymarket and Kalshi together accounting for 91% of that volume.
Source: Read the original article
