[CoinDesk] Polymarket trims workforce under investor pressure as Kalshi surges ahead
Not investment advice. Muhabbit scores how much a story may matter, not which way to trade.
Polymarket has cut staff, with more than half of those affected being contractors, following investor pressure on founder Shayne Coplan. The workforce reduction comes as rival prediction market Kalshi gains ground on Polymarket. The move signals growing scrutiny of Polymarket's cost base as competition in the prediction-market sector intensifies. Investors appear to be pushing for leaner operations while Kalshi surges ahead. What to watch next is whether the cuts translate into improved efficiency and how Polymarket responds to Kalshi's momentum.
Muhabbit's AI wrote this summary in its own words from Telegram's report. It can get details wrong, so check the source.
Named in this story
Polymarket, Kalshi, Shayne Coplan