Elon Musk’s X is joining forces with Polymarket, which is a cryptocurrency prediction market platform, to deliver insights and recommendations using the data from X posts. The exact terms of this agreement have not been made public. At the outset, both companies will roll out a joint product and aim to introduce several additional services for people who use their platforms, as Polymarket shared on Friday. Grok, the AI chatbot created by xAI (Musk’s artificial intelligence business), will play a part in this project.
According to X’s chief executive officer, Linda Yaccarino, Polymarket brings transparency with its prediction markets and has become an important tool for those wanting fast and reliable information on X. She expressed enthusiasm about collaborating with Polymarket and looks forward to using their technology and data to enrich Polymarket by combining both teams’ creative product integrations.
Polymarket became well known during the previous US presidential election because many said it predicted political results better than regular polling did. On the platform, users can enter yes-or-no betting contracts on subjects ranging from NBA final winners to predictions about when the Federal Reserve might adjust rates. X had previously denied a partnership with Kalshi after that Polymarket competitor issued a press release and the CEO shared about it online; Kalshi then deleted the announcement and posts, stating the information had not been finalized by both sides.
Working with Polymarket, which is friendly to cryptocurrencies, may bring Musk closer to his vision of making X an all-in-one app — like China’s WeChat — by merging social media and payments. At the start of this year, X shared news of a partnership with Visa and plans to roll out X Money, a digital system for buying or sending money directly inside the app.
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