Polymarket trims workforce under investor pressure as Kalshi surges ahead
Open the sourceReported by CoinDesk, coindesk.com, 12 November 2026, by Francisco Rodrigues
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Polymarket has cut its workforce, with more than half of those affected being contractors, according to a Reuters source. The reduction follows investor pressure on founder Shayne Coplan. The move comes as rival prediction market Kalshi surges ahead. Watch for further headcount changes and how the cuts affect Polymarket's competitive position against Kalshi.
Muhabbit's AI wrote this summary in its own words from CoinDesk's report. It can get details wrong, so check the source.
Named in this story
Polymarket, Kalshi, Shayne Coplan