X Partners with Polymarket for Prediction Market Integration
Popular social media platform X has teamed up with Polymarket, a decentralized prediction market. This collaboration signals a notable step forward for Polymarket. The proclamation came on June 6, 2025, via X’s official account.
Polymarket, co-founded by Shayne Coplan in 2020, Polymarket gained fame during the 2024 U.S. election. It allows users to bet on real-world events using cryptocurrency.
Elon Musk, the owner of X and Tesla CEO, acquired the platform for $44 billion in 2022. Since then, X has transformed into a leading news platform. It was rebranded from Twitter in July 2023 and later acquired by Musk’s AI firm xAI for $33 billion.
Polymarket believes that markets, not customary media, will drive the next data age. Their partnership with X aims to enhance truth and transparency on the internet. Musk previously praised Polymarket for its accuracy in predicting the 2024 U.S. election outcome. He argued that prediction markets are more reliable than polls because users have a financial stake.
polymarket correctly predicted Donald trump’s victory over Kamala Harris in the 2024 election. A French trader even made $21 million from this prediction.While details of the new partnership are scarce, it could substantially boost the prediction market. social media users see this as a positive move for decentralized forecasting.
