Polymarket laid off some full-time employees and ended contracts with several contractors as part of a reorganization, Bloomberg reported on Nov. 11, 2026. The company said it also made new hires and internal changes, but did not say how many positions it eliminated.
Bloomberg reported that the changes came as Polymarket had lost its prediction-market lead to Kalshi and faced legal issues on several fronts. Polymarket confirmed that an email about a companywide workforce reduction, which had circulated online, was authentic.
