The crypto-based platform allows people to wager on real-world events like sports, elections, and even who will be the next pope.
Prediction market platform Polymarket and social network X are linking arms. On Friday, X announced Polymarket as its official prediction market partner.
Polymarket allows users to wager on real-world events like political elections, sport matches, and even the next pope using crypto.
Now, the two applications are launching a joint product that integrates prediction market probabilities with analysis from AI chatbot Grok and data from X to provide insights to Polymarket users, according to a statement from Polymarket CEO Shayne Coplan in a 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,” Coplan said.
Polymarket is built on the polygon blockchain and has seen over $5 billion in volume year to date, data from The Block shows. So far in June, Polymarket has seen over 73,700 active users. The prediction market app gained steam during the November 2024 election, which saw the platform reach an all-time high in monthly betting volume at over $2.6 billion.
“The next information age won’t be driven by the 20th century’s media monoliths — it’ll be driven by markets,” Polymarket posted on X. “Our partnership with @X marks a new chapter for truth on the internet. The future of news is optimized for truth, rooted in transparency, and anchored in reality.”
“We are pleased to partner with Polymarket and look forward to bringing their our data and technology to Polymarket users through a range of creative product integrations,” Linda Yaccarino, CEO of X, said in the press release.
Last year, Polymarket raised $45 million in a series B funding round led by Peter Thiel’s Founders Fund, with participation from ethereum creator Vitalik Buterin and Dragonfly Capital, CoinDesk reported.
