---
title: "Polymarket Restructures After Business Setbacks, Cuts Staff and Ends Contractor Agreements"
url: https://thecoingazette.com/polymarket-restructures-after-business-setbacks-cuts-staff-and-ends-contractor-agreements/
date: 2026-11-11
modified: 2026-11-11
lang: en
author: "Coin Gazette Editorial"
description: "According to Bloomberg, Polymarket has laid off employees and ended contracts with several contracto..."
categories:
  - "Crypto News"
tags:
  - "crypto"
  - "cryptocurrencies"
  - "Defi"
  - "Market Trends"
  - "News"
word_count: 80
---

# Polymarket Restructures After Business Setbacks, Cuts Staff and Ends Contractor Agreements

According to Bloomberg, Polymarket has laid off employees and ended contracts with several contractors as part of a broader restructuring. The move comes after the prediction market platform lost its market-leading position to rival Kalshi and faced investor pressure to improve management. Polymarket said the reorganization followed the appointment of new leadership and involved additional hiring, personnel changes and layoffs, but declined to disclose specific figures. The company has recently recruited senior executives from Amazon, Goldman Sachs, DoorDash and Robinhood.