{"id":2325,"date":"2025-06-06T16:41:52","date_gmt":"2025-06-06T16:41:52","guid":{"rendered":"https:\/\/bitunikey.com\/news\/elon-musks-x-taps-polymarket-as-official-prediction-market-partner\/"},"modified":"2025-06-06T16:41:53","modified_gmt":"2025-06-06T16:41:53","slug":"elon-musks-x-taps-polymarket-as-official-prediction-market-partner","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/elon-musks-x-taps-polymarket-as-official-prediction-market-partner\/","title":{"rendered":"Elon Musk\u2019s X taps Polymarket as official prediction market partner"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Social media platform X has selected Polymarket as its prediction market partner, heralding a new growth chapter for the decentralized predictions marketplace.<\/p>\n<p>X, owned by tech billionaire and Tesla chief Elon Musk, announced the partnership with Polymarket on June 6, 2025, noting the development via its account on the platform.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">we\u2019re joining forces with Polymarket as our official prediction market partner<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/X?ref_src=twsrc%5Etfw\" target=\"_blank\">@X<\/a> \ud83e\udd1d <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/Polymarket?ref_src=twsrc%5Etfw\" target=\"_blank\">@Polymarket<\/a><\/p>\n<p>\u2014 X (@X) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/X\/status\/1931001329129844987?ref_src=twsrc%5Etfw\" target=\"_blank\">June 6, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Polymarket, which attracted headlines during the 2024 U.S. election, is a blockchain protocol that founded by Shayne Coplan and launched in 2020. It offers users access to various predictions on real world events. Traders can bet on any topic on the decentralized prediction market with cryptocurrency.<\/p>\n<p>Meanwhile, X has increasingly become a top platform for news, with users lauding it\u2019s transformation since Musk\u2019s $44 billion acquisition in October 2022. The formerly Twitter company rebranded to X in July 2023 and was recently acquired by Musk\u2019s artificial intelligence company xAI in a dea valued at $33 billion.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cThe next information age won\u2019t be driven by the 20th century\u2019s media monoliths \u2014 it\u2019ll be driven by markets,\u201d Polymarket <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/Polymarket\/status\/1931001915153797583\" target=\"_blank\">said<\/a> on X. Our partnership with X marks a new chapter for truth on the internet. The future of news is optimized for truth, rooted in transparency, and anchored in reality.\u201d<\/p>\n<\/blockquote>\n<p>In October 2024, ahead of the November election, Musk publicly advocated for Polymarket as a better election forecaster. He posted his argument on X, noting that the crypto-based prediction market would best predict the outcome of the U.S. presidential contest compared to traditional polls.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>According to Musk, prediction markets such as Polymarket are platforms that have users with \u201cskin in the game\u201d.\u00a0<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cTrump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line,\u201d Musk <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/x.com\/elonmusk\/status\/1843132050242777187\" target=\"_blank\">posted<\/a> at the time.<\/p>\n<\/blockquote>\n<p>Polymarket went on to correctly predict Donald Trump as the next U.S. president \u2013 with the current president beating Democrat Kamala Harris by a landside. A French trader made $21 million profit off the prediction.<\/p>\n<p>While both X and Polymarket have not provided more details of their partnership, commentary across social media is that this could be a major boost for the predictions marketplace.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Social media platform X has selected Polymarket as its prediction market partner, heralding a new growth chapter for the decentralized predictions marketplace. X, owned by tech billionaire and Tesla chief&hellip;<\/p>\n","protected":false},"author":1,"featured_media":2326,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2325","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2325","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=2325"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2325\/revisions"}],"predecessor-version":[{"id":2327,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/2325\/revisions\/2327"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/2326"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=2325"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=2325"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=2325"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}