Update
Polymarket Reduces Workforce Ahead of IPO
Polymarket, a prediction market, laid off some full-time staff and significantly reduced the number of contractors it works with last week, according to a report by Front Office Sports. The company underwent layoffs, with some full-time employees being laid off, and the number of contractors, especially in marketing, being reduced. A source disputed claims of a 30% workforce reduction, stating that the layoffs were part of a company-wide reduction in force and that the email to contractors was genuine. Polymarket declined to provide specific numbers of employees or contractors.