X, previously Twitter, introduced on Friday that it has partnered with Polymarket, naming it the platform’s official prediction market partner. Launched in 2020, Polymarket permits customers to wager on the outcomes of real-world occasions utilizing cryptocurrency.
Although the businesses didn’t announce specifics in regards to the partnership, they shared that they are going to be launching “an integrated product to deliver data-driven insights and recommendations.” Polymarket predictions will likely be mixed with X knowledge to ship dwell insights, with real-time annotations of market strikes from Grok and related X posts, Polymarket defined in a press launch.
The product would be the first in “a suite of integrations and unique experiences” that may emerge from the partnership, the corporate mentioned.
“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,” mentioned Shayne Coplan, founder and CEO of Polymarket, within the press launch. “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.”
In 2024, over $8 billion in predictions had been made on Polymarket throughout politics, present occasions, popular culture, and extra.
The information comes practically a 12 months after Polymarket partnered with AI-powered search engine Perplexity to show information summaries of occasions. This occurred across the similar time that Polymarket partnered with Substack to permit writers to embed prediction knowledge from its platform into their posts.