Polymarket trims staff and contractors ahead of possible IPO

Polymarket laid off some full-time staff and significantly reduced its contractor count last week, according to Front Office Sports, as the prediction market restructures ahead of a possible IPO. A source disputed viral claims that the company cut 30% of its workforce, and contractors were told their agreements end Nov. 4. Traders watching prediction-market platforms will weigh whether the cuts signal cost discipline before a listing or operational strain.