Polymarket is recruiting new employees for its internal market-making team
Foresight News reported, citing Bloomberg, that Polymarket has been recruiting new employees for its internal market-making team, which may compete with clients on the company’s exchange, even though similar features have already drawn criticism for its main competitors. According to sources familiar with the matter, Polymarket has recently been in talks with traders, including sports bettors, about joining its new division. As the plans are internal, these sources requested anonymity.
Kalshi already operates a similar division to what Polymarket is building, called Kalshi Trading, which bids on the exchange and essentially takes the opposite side of some client trades. Kalshi executives say the division was created to provide liquidity and improve the customer experience. However, critics argue that the company’s market-making activities create conflicts of interest with clients and make Kalshi appear more like a traditional sports bookmaker.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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