X Partners with Polymarket: Merging Social Media and Prediction Markets

Musk's X Selects Polymarket as Prediction Market Partner

Elon Musk's X and the cryptocurrency-based predictions market platform Polymarket are partnering to provide data-drive insights and recommendations derived from posts on the social media site to the predictions platform. Terms of the agreement weren't disclosed. The partnership will begin by launching a joint product and aim to release a suite of similar services to users of both platforms, according to a statement from Polymarket on Friday. The venture will incorporate Grok, the AI chatbot developed by xAI, Musk's artificial intelligence company.

Elon's X Gets Into Bed With Polymarket to Feed You More Dubious Crap

Elon Musk's X (formerly Twitter) has announced a new corporate partnership that, all things considered, makes a lot of sense. The social media site says that it will team up with Polymarket, the Peter Thiel-backed "prediction" platform that allows web users to earn or burn cash via bets on everything from the outcome of political races to mysterious farts to the existence of space aliens. X announced the partnership in a simple tweet on Friday: "We’re joining forces with Polymarket as our official prediction market partner," the company said. Polymarket, meanwhile, published a press release with (slightly) more information about what was happening and why. “Combining Polymarket’s accurate, unbiased, and real-time prediction market probabilities with Grok’s analysis and X’s real-time insights will enable us to provide contextualized, data-driven insights to millions of Polymarket users around the world instantaneously,†said Shayne Coplan, the founder and CEO of Polymarket, in the press release. “We look forward to enhancing X and Polymarket users’ ability to make instant sense of breaking news and make informed decisions about the future as we continue to scale our platform.†There isn't a whole lot of information about the partnership other than that, nor is there a great sense of how it will benefit both sitesâ€"though it'd be easy to guess. Polymarket integration with X clearly affords the former a wider potential audience and, rich as X is in inane debates about a whole variety of dubious cultural and political topics, plenty of fodder for bettors with too little sense and too much cash to burn. For X, meanwhile, it's just one more weird addition to keep the site's cruising altitude at a decidedly unhinged pitch. People guess what's going to happen about some random subject while Grok guesses at what the next letter in a sentence would provide a satisfying inquiry. Polymarket has partnered with several different platforms over the last few years, including Substack and the AI firm Perplexity. Its partnership with X may make the most sense. Musk has transformed the site formerly known as Twitter into a vortex of bad informationâ€"a place where disinformation, infotainment, blatant propaganda, and news all walk hand in hand. Polymarket, meanwhile, has been the subject of ample criticism, with some accusing the platform of being a den of market manipulation. In other words: two sites with less-than-stellar reputations have joined forces to bring you a union of dubious content, and as we all know, dubious content is where the money's at, as far as Silicon Valley is concerned. Truly, it sounds like a match made in heaven.

Elon Musk's Favorite Betting Platform Is Now X's 'Official Prediction Market Partner'

Polymarket expands its reach through a strategic partnership with X. Polymarket, a crypto-powered prediction platform that lets users wager on the outcomes of events like the New York City mayoral race, film box office numbers or the likelihood of a U.S. recession, gained significant traction last year during the U.S. Presidential election. Now, the platform is aiming for even broader mainstream appeal through a partnership with X, the Elon Musk-owned social media platform previously known as Twitter. Sign Up For Our Daily Newsletter Sign Up Thank you for signing up! By clicking submit, you agree to our <a href="http://observermedia.com/terms">terms of service</a> and acknowledge we may use your information to send you emails, product samples, and promotions on this website and other properties. You can opt out anytime. See all of our newsletters As X's "official prediction market partner," Polymarket will leverage real-time insights from X and analysis powered by Grok, the platform's A.I. assistant, along with prediction market probabilities. While the terms of the partnership remain undisclosed, the collaboration promises to strengthen Polymarket's presence. Founded by Shayne Coplan in 2020, Polymarket made headlines last year when its odds predicted a Donald Trump victory in the election. Musk has praised the platform, claiming it is "more accurate than polls, as actual money is on the line." In 2024, Polymarket hosted over $8 billion worth of predictions and attracted high-profile investors such as Peter Thiel's Founders Fund and Ethereum co-founder Vitalik Buterin. In a statement, Coplan said the X collaboration will enable his company to "deliver contextualized, data-driven insights to millions of Polymarket users" and help them "make sense of breaking news and make informed decisions about the future." The partnership represents a significant step for Polymarket in its efforts to become a more prominent part of the public conversation, according to Koleman Strumpf, an economics professor at Wake Forest University. Strumpf pointed out that various players in the prediction market industry are currently competing for brand recognition. By combining X posts with Polymarket data, the partnership could "spur additional interest in their markets," he told Observer. For X, the collaboration could add structure to its vast stream of posts. Strumpf suggests that the platform is likely "interested in this because it will keep more people engaged in specific stories," adding that integrating Polymarket data would "provide a numerical commentary to go along with whatever words people are using." This isn't Polymarket's first effort to expand its reach through partnerships. Last July, the platform teamed up with Substack to integrate its prediction data into the content platform's posts. It also collaborated with A.I.-powered search engine Perplexity on a partnership that enabled event news summaries. X has previously ventured into betting-related collaborations, including a deal with sports-wagering platform BetMGM last year. In May, another prediction market platform, Kalshi, announced a partnership with Musk's A.I. firm xAI, although the announcement was later retracted, as the details "had not been mutually confirmed." The Polymarket and X collaboration is expected to yield a series of jointly developed products and experiences. "The prediction market has grown into a staple source of real-time information for many X users," said X CEO Linda Yaccarino in a statement. She added that the social media company looks forward to bringing its data and technology to Polymarket users "through a range of creative product integrations."

X partners with Polymarket to integrate prediction market platform By Investing.com

Investing.com -- Social media giant X, formerly known as Twitter, has announced a partnership with Polymarket, a cryptocurrency-based predictions market platform. The announcement was made on Friday, marking a significant shift towards data-driven insights derived from social media posts. The partnership will integrate Polymarket's prediction market platform into X's interface, enabling users to place bets on the outcomes of various events, such as elections or sports matches, using cryptocurrency. The integration is expected to increase user engagement, provide real-time insights, and potentially allow users to earn from accurate predictions. Polymarket has expressed that this partnership signifies a new era for truth on the internet, with the future of news being optimized for truth, rooted in transparency, and anchored in reality. Elon Musk's company X and Polymarket will work together to provide data-driven insights and recommendations based on posts from the social media site to the prediction platform. The partnership will launch with a joint product and aims to release a suite of similar services for users of both platforms in the future. As part of this venture, the AI chatbot Grok, developed by Musk's artificial intelligence company xAI, will be incorporated. However, the specific terms of the agreement between X and Polymarket have not been disclosed.