Polymarket Recruiting for In-House Team to Trade with Customers
Polymarket is currently recruiting new staff members to form an internal market making team. This team will actively trade on the company’s exchange, potentially competing directly against customers. The move highlights Polymarket’s plan to enhance liquidity and market activity through an in-house trading group.
Despite the potential benefits, this approach has drawn attention because a similar feature at Polymarket’s chief rival has faced criticism. The rival’s internal trading team was scrutinized for its role in market dynamics, raising concerns about fairness and transparency. Polymarket’s decision to pursue a comparable strategy shows its confidence in managing these challenges.
Details of Polymarket Recruiting for In-House Team
The new internal market making team will be staffed by individuals hired specifically to trade on Polymarket’s platform. These traders will operate within the company, placing bets and making markets alongside regular customers. This internal team aims to improve the overall trading experience by providing consistent liquidity and tighter spreads.
By recruiting for this internal team, Polymarket is signaling a strategic shift toward more active market management. The company expects that having dedicated traders on its side will help stabilize the market and attract more participants. This could lead to increased volume and better pricing for users of the exchange.
Implications of Polymarket Recruiting for In-House Team
Polymarket’s plan to have an internal team trade with customers may raise questions about conflicts of interest. Since the team will be competing against outside traders, some users might worry about fairness or the potential for the company to influence market outcomes. However, Polymarket appears ready to address these concerns while moving forward with its recruitment.
The decision to build an internal market making team reflects a broader trend in the industry where exchanges seek to enhance liquidity through in-house trading. Polymarket recruiting for in-house team members shows its commitment to this approach despite the criticisms faced by competitors. The company believes that a well-managed internal team can benefit the platform and its users.
In summary, Polymarket is actively recruiting staff to create an internal market making team that will trade alongside customers on its exchange. This strategy aims to improve liquidity and market quality, even though similar setups have drawn criticism elsewhere. Polymarket’s move highlights its focus on strengthening its platform through dedicated in-house trading.
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Source: original article.