Polymarket trims workforce under investor pressure as Kalshi surges ahead
Summary
Prediction market platform Polymarket has reduced its workforce after facing pressure from investors. More than half of the individuals impacted by these reductions were working as contractors. Meanwhile, rival platform Kalshi has been experiencing significant growth in the market.
More than half of those affected were contractors, a source told Reuters. The cuts follow investor pressure on founder Shayne Coplan.
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