Polymarket confirmed a company-wide restructuring involving layoffs and the termination of several contractor partnerships, following reports that circulated via an authentic internal email on X last week. The prediction market platform declined to disclose specific numbers but stated that new leadership has driven personnel adjustments alongside a large number of new hires. The shakeup follows Polymarket's hiring of a former Amazon finance executive as its first CFO in September, along with recent additions of executives from Goldman Sachs, DoorDash, and Robinhood. Once the largest prediction market exchange, Polymarket has since been overtaken by rival Kalshi.