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Polymarket Lays Off Employees and Ends Contractor Deals, Disputes Scale of Cuts

(3 hours ago) · 1 source · Summarized by CryptoBipto

Polymarket, the blockchain-based prediction market platform, has laid off employees and ended some contractor agreements. The company has denied reports suggesting the cuts amounted to 30% of its workforce, though the exact scale of the reductions has not been publicly confirmed.

WHY IT MATTERS

Polymarket is a platform where people can bet on the outcomes of real-world events using cryptocurrency, similar to how a stock market lets people bet on company performance.

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SOURCES

  • cryptopotato.com

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