Glassy soft matter is often continuously polydisperse, in which the sizes or various properties of the constituent particles are distributed continuously. However, most of the microscopic theories of the glass transition focus on the monodisperse particles. Here, we developed a replica theory for the dynamic glass transition of continuously polydisperse hard spheres. We focused on the limit of infinite spatial dimension, where replica theory becomes exact. In theory, the cage size sigma, which plays the role of an order parameter, appears to depend on the particle size sigma, and thus, the effective free energy, the so-called Franz-Parisi potential, is a functional of A(sigma). We applied this theory to two fundamental systems: a nearly monodisperse system and an exponential distribution system. We found that dynamic decoupling occurs in both cases; the critical particle size sigma* emerges, and larger particles with sigma >= sigma* vitrify, while smaller particles sigma < sigma* remain mobile. Moreover, the cage size A(sigma) exhibits a critical behavior at sigma similar or equal to sigma*, originating from spinodal instability of sigma* -sized particles. We discuss the implications of these results for finite dimensional systems.