Polymarket just slashed some staff and cut contractor deals as they restructure the whole squad.
Team Trim Vibes 🌑
Marketing, customer vibes, and engineering folks got hit the hardest. This is all to gear up for their next big growth wave fr. More than half the changes hit contractors while a few full-time peeps also dipped, but they straight up denied any 30% workforce chop and called that number bogus. Exact totals are still under wraps tho. An internal note about ending contractor gigs on November 4, 2026, leaked on X and it was all about the big reduction push.
Leadership Glow Up Era 📉
They also swapped in fresh execs like Warren Jenson as their first ever CFO back in September and ex-Uber guy Travis VanderZanden as chief growth officer earlier.
Prediction markets are straight exploding with $194.1 billion in notional volume for Q3 2026, jumping 75% from before and smashing records.
Market Boom Alert 💸
Polymarket plus Kalshi grabbed 91% of that action but their paths split hard. Kalshi more than doubled to $141.9 billion while Polymarket US hit $17.3 billion after growing 2.4 times and edged out their international side at $17.1 billion following a 36% drop. US regulated spots took 89% of total volume, up from 69% last quarter. Search interest in prediction markets still tanked 41% even with all the trading heat. Polymarket stays on top in 43 states while Kalshi snagged the other seven.
Just another echo from the void by iconofsin.eth 💖
