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Polymarket is reportedly cutting jobs and contracts as competition in prediction markets intensifies.
Polymarket has laid off staff and severed ties with a number of contractors as part of a broader effort to recover from several stumbles that have left it lagging its main rival
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Polymarket odds that Anthropic goes public by November 30 have dropped to 70%, down 13 points this week.
The odds sat above 85% as recently as Wednesday, then fell sharply today as the Nasdaq 100 had its worst day since March 2020.
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Polymarket traders now see a 31.7% chance Anthropic will be the largest IPO of 2026 by market cap.
That’s down from around 46% a week ago, with the odds dropping sharply in recent days before recovering slightly. More than $7.4 million has been traded on the market.
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Polymarket traders are getting rinsed on fees.
We compared the cost of making 500 identical 5-min $BTC up/down predictions on Polymarket vs Orderly Predict.
The difference is ridiculous.
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Polymarket launched 15-minute up-or-down gold and silver markets settled with @chainlink price data, and named it the official oracle for fast markets, where $LINK already powers over $11B in volume.
Full BSCN Daily episode:
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Polymarket stopped trading on its international exchange on Thursday after it said that a third-party software provider was compromised.
Polymarket halts trading after provider compromise
Polymarket is investigating suspicious trades on the Israeli election this week.
Polymarket paused trading on its website Thursday after some users of the prediction-market’s platform said their accounts had been drained of funds.
