Overview
- Polymarket confirmed it has laid off employees and ended multiple contractor agreements as part of a company-wide reorganization, saying the changes prepare it for a next growth phase.
- A contractor email that circulated online showed agreements ending effective Nov. 4, 2026, and Polymarket verified the screenshot was genuine.
- Sources told reporters that more than half of those let go were contractors and that cuts fell mainly on marketing, customer experience and engineering teams.
- The company has disputed viral claims that 30% of its workforce was cut but declined to disclose the exact share affected and said it is continuing to hire for key roles.
- Polymarket has posted senior fraud, sanctions and AML jobs and elevated its executive ranks as it works to strengthen compliance while trailing rival Kalshi in monthly trading volume and facing a developing CFTC probe.