NewsPrediction Markets1 min read
Polymarket Cuts Jobs as It Overhauls Marketing
The prediction market operator laid off full-time employees and ended contractor agreements, with marketing among the teams affected. Polymarket has yet to disclose how many people were cut.
Written by Editorial Desk12 November 2026
Polymarket laid off employees and terminated contractor agreements last week. The company said the cuts were part of a reorganization following a period of hiring and changes in leadership.
A termination notice circulated on X described a company-wide reduction and said the recipient’s contractor agreement would end on November 4. Polymarket confirmed the notice was genuine. The company has yet to disclose the total number of cuts or what percentage of its workforce was affected.
Polymarkets move to reorganize
The cuts follow several months of senior hires. In September, Polymarket appointed Warren Jenson as chief financial officer. Jenson, who previously held the same role at Amazon and Electronic Arts, reports to founder and CEO Shayne Coplan and oversees the company’s finance and capital strategy.
On November 3, Polymarket announced that its affiliate PM Derivatives had received National Futures Association approval to operate as a broker. The approval allows the affiliate to accept customer orders and hold customer funds, adding a brokerage alongside Polymarket’s U.S. exchange and clearinghouse.
