Polymarket Cuts Staff and Contractors in Reorganization

The marketing-focused nature of these cuts is the telling detail: Polymarket is not trimming operations but the function meant to convert its reported revenue growth into share against Kalshi, suggesting the gap is being treated as a demand problem rather than a product one. The undisclosed scale and timing leave the market without a way to gauge how deep the reset goes. Whether the reorganized team narrows the distance to Kalshi, and whether further cuts follow, is the open question.