Social media platform X has chosen Polymarket as its prediction market associate, heralding a brand new progress chapter for the decentralized predictions market.
X, owned by tech billionaire and Tesla chief Elon Musk, introduced the partnership with Polymarket on June 6, 2025, noting the event through its account on the platform.
Polymarket, which attracted headlines through the 2024 U.S. election, is a blockchain protocol that based by Shayne Coplan and launched in 2020. It affords customers entry to varied predictions on actual world occasions. Merchants can wager on any matter on the decentralized prediction market with cryptocurrency.
In the meantime, X has more and more develop into a prime platform for information, with customers lauding it’s transformation since Musk’s $44 billion acquisition in October 2022. The previously Twitter firm rebranded to X in July 2023 and was not too long ago acquired by Musk’s synthetic intelligence firm xAI in a dea valued at $33 billion.
“The subsequent data age received’t be pushed by the twentieth century’s media monoliths — it’ll be pushed by markets,” Polymarket mentioned on X. Our partnership with X marks a brand new chapter for fact on the web. The way forward for information is optimized for fact, rooted in transparency, and anchored in actuality.”
In October 2024, forward of the November election, Musk publicly advocated for Polymarket as a greater election forecaster. He posted his argument on X, noting that the crypto-based prediction market would greatest predict the result of the U.S. presidential contest in comparison with conventional polls.
In keeping with Musk, prediction markets akin to Polymarket are platforms which have customers with “pores and skin within the recreation”.
“Trump now main Kamala by 3% in betting markets. Extra correct than polls, as precise cash is on the road,” Musk posted on the time.
Polymarket went on to appropriately predict Donald Trump as the subsequent U.S. president – with the present president beating Democrat Kamala Harris by a landside. A French dealer made $21 million revenue off the prediction.
Whereas each X and Polymarket haven’t offered extra particulars of their partnership, commentary throughout social media is that this might be a significant increase for the predictions market.