Nov 11, 2026
Not linked to AIPolymarket laid off some full-time employees and ended its agreements with a number of contractors, especially in marketing, in what a 4 November email to contractors called a company-wide reduction in force; it did not say how many people (a source told Front Office Sports that viral posts putting the cut at 30% of staff were inaccurate).
The reason Polymarket gave
"As we've grown and brought on new leadership, we've reorganized to set the company up for its next phase of growth, which has meant a lot of new hires, changes in personnel and letting some people go" ... "We're grateful to the team that got us here, and we'll keep growing as we build what's next."A Polymarket spokesperson, in an emailed statement to Front Office Sports (Polymarket gave Bloomberg the same first sentence)
The statement does not mention AI, and no report read (Front Office Sports, Bloomberg via Yahoo Finance, Coin Edition, cryptonews.net) tied the cuts to AI; Bloomberg set them after several stumbles that left Polymarket behind its rival Kalshi, and Front Office Sports in a push to professionalise the company with senior hires.
Source: Front Office Sports: Polymarket Cuts Jobs Amid Push to 'Professionalize'. Checked Nov 11, 2026.