Polymarket Plans In-House Trading Team to Compete Against Users

Polymarket is reportedly building an in-house market-making unit to take the opposite side of user trades as it re-enters the U.S. market following a $1.4 million CFTC fine and regulatory approval. This move shifts the platform from a traditional peer-to-peer exchange to a model resembling a sportsbook, which currently lacks trading fees but has a $9 billion valuation. The strategy mirrors that of competitor Kalshi, which has faced user criticism for setting disadvantageous lines. Experts warn that this change risks Polymarket's reputation as a neutral information source, potentially undermining the trust built during events like the 2024 election. While the industry is booming, the move raises concerns about prioritizing short-term profit over user trust, especially given founder Shayne Coplan previously criticized sportsbook models.

(Source：Brave New Coin)