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Polymarket cuts job and workforce as competition heats up in prediction market industry

By Opeyemi Olanrewaju

Polymarket has confirmed that it has laid off full-time staff and stopped working with many contractors as part of changes across the company. The cuts come as it falls behind rival Kalshi and considers selling shares to the public in 2027. New York-based Polymarket confirmed the job cuts after an internal email about…

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