Thursday, 12 November, 2026
Belt-Tightening Bet: Polymarket Cuts Jobs as Kalshi Rivalry Heats Up
By TechShots Studio
Prediction market startup Polymarket has laid off staff and terminated several contractor agreements in a major company reorganization. The job cuts follow recent senior executive hires and come as the platform faces intensifying competition from faster-growing rival Kalshi, alongside ongoing regulatory scrutiny over its US operations.
Read full story at REUTERS