Elon Musk’s X Chooses Polymarket as Its Forecasting Engine

Polymarket, a blockchain-powered prediction platform, has become the official prediction market partner of X, the social network owned by Elon Musk. The partnership aims to deliver real-time analysis and probability insights based on data from X and its AI assistant, Grok. Financial details of the collaboration have not been disclosed.

Founded in 2020 by Shayne Coplan, Polymarket allows users to bet on the outcome of events such as elections, box office results, or economic risks. The platform gained traction during the U.S. presidential elections, when its markets predicted a potential Donald Trump victory. In 2024, Polymarket processed over $8 billion worth of predictions and attracted high-profile investors including Peter Thiel’s Founders Fund and Ethereum co-founder Vitalik Buterin.

Polymarket representatives state that the integration with X will enable more contextualized insights for users. According to economics professor Koleman Strumpf, the partnership could help boost the platform’s visibility within the prediction market ecosystem.