Polymarket Hiring In-House Trading Team to Trade Against Customers — Strategic Shift Raises Questions

Source: CryptoNewsNet Original Title: Polymarket Hiring In-House Team to Trade Against Customers — Here’s Why It’s a Risk Original Link: 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. The move follows a similar step by rival prediction market platform Kalshi, which has defended its own in-house trading team as a way to improve liquidity and the user experience.

In practice, however, hiring external market makers is entirely possible, raising questions about Polymarket’s true motivation. The decision appears focused less on product improvement and more on generating revenue.

“They don’t charge fees. They don’t make money. They want to find a way to monetize,” Harry Crane, a statistics professor at Rutgers University, told media outlets.