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Polymarket plans to use in-house market maker to trade against users: Report

The Cointelegraph ​

Cryptocoins News / The Cointelegraph ​ 8 Views

The company has approached traders, including sports bettors, about joining the effort as it expands in the US and rival Kalshi faces scrutiny over similar practices.

Polymarket is recruiting staff for an internal market-making team that may trade against users on its platform.

The company has recently approached traders — including sports bettors — about joining the group, Bloomberg reported on Thursday, citing people familiar with the discussions.

The initiative comes as Polymarket expands its US presence after resolving regulatory issues stemming from a 2022 case, when it paid a $1.4 million penalty to the Commodity Futures Trading Commission. 

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