Polymarket Hiring In-House Team to Trade Against Customers — Here's Why It's a Risk

Prediction market Polymarket is in the process of hiring an internal market-making team that will trade directly against customers — a shift that could blur the lines between a prediction market and a traditional sportsbook. The company has recently spoken to traders and sports bettors about building the new desk, according to Bloomberg, citing people familiar with the matter. The move follows a similar step by rival Kalshi, which has defended its own in-house trading team as a way to improve liquidity an ...