Polymarket lays off workers and stops contractor deals, denies reports of a 30% cut in the workforce.
Polymarket has laid off employees and terminated contractor agreements, mainly affecting marketing, customer experience and engineering teams, as part of a restructuring for future growth.
The company disputes claims of a 30% reduction in the workforce, stating that more than half of those affected were contractors, but did not disclose the total number affected.
Despite layoffs, the prediction markets are experiencing a surge in trading activity, with Polymarket and Kelashi accounting for 91% of a record $194.1 billion in trading volume during the third quarter of 2026.