Polymarket laid off some full-time staff and sharply reduced its contractors, especially in marketing, Front Office Sports reported, citing four anonymous people who were not among those let go. The full scope is unclear: Polymarket declined to provide staff or contractor counts, and a source called social media claims of a 30% workforce cut inaccurate.
A contractor email shared online said agreements would end effective Nov. 4; a source told the outlet the email went only to contractors, not full-time staff. Two sources said the reorganization aims to “professionalize” Polymarket ahead of a possible go-public deal as soon as 2027. Polymarket said it had reorganized as it grew, bringing in new hires, changing personnel and letting some people go.
