X – the social media platform owned by Elon Musk – has just announced a collaboration with Polymarket, marking X's largest step into the crypto field to date.
"We are joining forces with Polymarket – X's official betting partner," the official X account posted. Polymarket is a platform where users bet on event outcomes using cryptocurrency. The platform will also integrate the Grok AI chatbot and related posts on X to display real-time data and analysis.
"The combination of accurate and neutral prediction rates from Polymarket, analysis from Grok, and instant data from X will help provide context-based, data-driven information for millions of users worldwide," Polymarket CEO Shayne Coplan shared.
Musk has long supported prediction market models, especially Polymarket. In October last year, he posted: "Trump is leading Kamala by 3% on betting platforms. More accurate than polls because real money is at stake."
Indeed, Polymarket users mostly bet correctly on Trump's victory. According to Chainalysis, a "whale" from France earned nearly 80 million USD just by betting on the US election, especially the Trump-Harris race.
In April, this betting platform recorded a new record with over 7,000 prediction markets created – a 20% increase from the previous month. However, the number of active users has been gradually decreasing since reaching over 450,000 in January, indicating a shift towards market creators rather than typical bettors.
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The article X of Elon Musk collaborates with Polymarket betting platform first appeared on CoinMoi.
