Polymarket has cut its workforce and a number of contractors as part of a recovery effort after several stumbles, Bloomberg News reported on Wednesday.

The Commodity Futures Trading Commission was said to be investigating the prediction market platform over whether it violated a 2022 enforcement deal, as part of which the regulator levied a cease and desist order.

The CFTC was probing whether Polymarket ‌took sufficient steps to keep U.S. users off the platform, examining the company’s controls for determining where customers are located, as well as its advertising activities in the country.

At October end, the company had temporarily halted trading on its international exchange after discovering that one of its third-party providers was compromised.

Besides, the prediction market platform faces allegations related to illegal gambling, along with rival Kalshi.

Some contractors were being let go as part of a ‘company-wide reduction in force’, the report noted, citing the screenshot of an email circulated on social media as well as the company’s confirmation.

“As we’ve grown and brought on new leadership, we’ve reorganized to set the company up for its next phase of growth, which has meant a lot of new hires, changes in personnel, and letting some people go,” the company told Bloomberg.