Polymarket's New Trading Team: A Risky Move?

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.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.