Trading volume gap widened to three times by Kalshi, Polymarket announces layoffs and executive team restructuring
Original headline交易量被 Kalshi 拉开三倍差距，Polymarket 宣布裁员并重组高管团队
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Polymarket has confirmed layoffs and the termination of several outsourcing contracts, affecting marketing, customer experience, and engineering, though it disputed reports of a 30% cut and said more than half of those affected were contractors. The restructuring comes as rival Kalshi's 30-day trading volume reached about $17.7 billion, roughly three times Polymarket's $5.9 billion, according to DefiLlama, widening a gap that stood at $16.6 billion versus $6 billion in October. Investors have reportedly pressed founder Shayne Coplan to run a leaner operation, and the company has been building out a professional management team, naming former Amazon finance executive Warren Jenson as its first CFO and ex-Uber executive Travis VanderZanden as chief growth officer after dismissing CMO Matthew Modabber in October. Sources say the moves are meant to prepare the company for a possible IPO as early as 2027, though Polymarket has not confirmed a listing.
Muhabbit's AI wrote this summary in its own words from TechFlow's report and translated it from Chinese. It can get details wrong, so check the source.
Named in this story
Polymarket, Kalshi, Shayne Coplan, Warren Jenson, Travis VanderZanden, Matthew Modabber