Polymarket Seeks In-House Market-Making Team Amid Trading Speculation
Polymarket is said to be recruiting traders for a new in-house market-making unit, which may deal directly with customers on its platform, amid ongoing scrutiny.
Summary
Polymarket, a blockchain-based prediction market platform, is reportedly hiring traders to form an internal market-making department that could trade directly with users. According to sources, the company has approached several professionals for the role but has not confirmed or commented publicly. The move follows Polymarket’s return to the U.S. market after a $1.4 million regulatory settlement and reflects strategies similar to those of competitor Kalshi, which has faced criticism for such practices.
Terms & Concepts
- Market Making: The process of providing liquidity by continuously quoting buy and sell prices for assets, facilitating smoother trading on a platform.
- Prediction Market: A marketplace where participants trade contracts tied to outcomes of future events, such as elections or sports.