Disclaimer: This material is for informational purposes only and is not an advertisement for gambling or a call to participate in it. The mention of Polymarket is made solely as part of a review of the digital asset market and is not intended to popularize or promote the platform.
The forecasting platform Polymarket has cut part of its staff and terminated contracts with a number of contractors as part of a large-scale business reorganization. This is reported by Bloomberg, citing sources and a company statement.
The statement says that last week a screenshot of a Polymarket email was circulated on the social network X, which referred to the dismissal of some contractors this month as part of "company-wide staff reductions." The company confirmed the authenticity of the letter.
Personnel changes are taking place after Polymarket began to lose ground in the market. The once-largest prediction platform yielded leadership to its competitor Kalshi and faced legal problems in several areas, the journalists noted.
As Bloomberg reported last month, Polymarket founder Shane Coplan faced pressure from investors who demanded that the company's operations be put in order. In response, the firm hired a number of top managers.
Polymarket explained that the reorganization is related to the company's growth and the recruitment of new management. According to platform representatives, the changes included new hires, personnel reshuffles, and the dismissal of some employees.
At the same time, the company refused to disclose the exact number of positions cut.
Recall that at the end of October 2026, Polymarket suffered a security incident as a result of which attackers withdrew more than $2.6 million from user accounts.