Polymarket's New Trading Team: A Risky Move?
Update: 2025-12-05
Description
Polymarkets Plan to Hire In-House Traders: A Potential Shift Towards Sportsbook ModelPolymarket, a prediction market platform, is reportedly hiring an internal trading team to directly compete with its customers, potentially transforming it into a sportsbook-like entity. This move aims to generate revenue, as the platform currently doesnt charge fees. However, this strategy poses significant risks and could damage Polymarkets reputation for reflecting real-world probabilities, a key factor in its recent success.
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