Polymarket cuts some full-time staff… annualized revenue exceeds $1.8 billion

Polymarket has cut an unspecified number of full-time staff and sharply reduced contract workers, mainly in marketing, with contractor agreements ending November 4, according to Front Office Sports. The company, which did not disclose headcount figures, said the restructuring follows new leadership and is meant to align the organization with its next growth phase, mixing new hires and personnel changes with the reductions. The move comes as the prediction-market platform's annualized revenue has surpassed $1.8 billion, underscoring how quickly its business has scaled even as it trims costs. Watch for further hiring signals and any disclosure of headcount or leadership changes that clarify how the platform balances growth with operating efficiency.