Update
Polymarket Lays Off Employees as Leadership Changes
Polymarket, a prediction market operator based in New York, has announced layoffs and workforce restructuring as part of an internal email detailing changes. The company appointed Warren Jenson as its first chief financial officer and has hired from companies such as Goldman Sachs, DoorDash, and Robinhood. Despite the layoffs, Polymarket's business continues to expand, with its annualized revenue surpassing $1.8 billion, including growth from its U.S.-regulated exchange.