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Polymarket Cuts Staff as Competitor Kalshi Gains Market Share
(3 hours ago) · 1 source · Summarized by CryptoBipto
Polymarket has reduced its workforce amid pressure from investors, according to reports. The layoffs come as rival prediction market platform Kalshi has been growing its user base and trading volumes.
WHY IT MATTERS
Prediction markets are platforms where people can bet on whether future events will happen, such as election outcomes or economic data releases.
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SOURCES
- coindesk.com
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Prediction MarketsPolymarketKalshiCompetitionLayoffs