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Polymarket is recruiting new employees for its internal market-making team.
Foresight News reports, 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, despite similar functions having drawn criticism for its main competitors. According to people familiar with the matter, Polymarket has recently been in talks with traders, including sports bettors, about joining its new department. These individuals requested anonymity as the plans are internal. Kalshi already operates a similar department to what Polymarket is building, called Kalshi Trading, which bids on the exchange and in effect takes the opposite side of some customer trades. Kalshi executives say the department was established to create liquidity and improve the customer experience. However, critics argue that the company's market-making activities
