In brief
- Polymarket is now the official prediction market of X.
- The companies released on Friday a tool that combines data from X and Polymarket's event contracts.
- X and Polymarket plan to work on several other "integrations and unique experiences" together.
X has unveiled a real-time tool that dissects market-moving news in partnership with Polymarket, a crypto-native prediction markets platform, the companies said Friday in a joint statement.
Launched on Friday, the tool will offer live insights into events that influence markets, combining data from X and predictions from Polymarket. In addition, the product will leverage xAI’s chatbot Grok and relevant X posts to provide real-time explanations of market moves.
Combining those various technology tools will “enable us to provide contextualized, data-driven insights to millions of Polymarket users around the world instantaneously," Polymarket founder and CEO Shayne Coplan said Friday in a statement.
Neither X nor Polymarket immediately replied to Decrypt’s follow-up questions about what kinds of events the tool will track.
The product is the first of several “integrations and unique experiences” to come from X and Polymarket’s agreement, according to the companies’ joint press release.
The partnership comes amid traditional technology firms’ growing embrace of digital assets payments and the blockchain technology that undergirds them.
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It also comes after a record-smashing year for Polymarket. Last fall, amid the U.S. elections season fervor, the prediction market operator recorded daily trading volumes of roughly $85 million. And, on Election Day, Polymarket notched an eye-watering total open interest of $463 million.
Edited by James Rubin
