Polymarket to Serve as Official Prediction Market of Elon Musk’s X

X has unveiled a real-time tool that dissolves market-moving news in collaboration with Polymarket, a platform for crypto-native prediction markets, the companies said in a joint statement on Friday.

The tool is launched on Friday and offers live insights into events that influence markets, combining data from X and forecasts of polymarket. In addition, the product will use the Chatbot Grok from Xai and relevant X messages to give real-time explanations about market movements.

By combining those different technological tools, we can “enable contextual, data-driven insights to millions of polymarket users around the world,” said Polymarket founder and CEO Shayne Coplan in a statement on Friday.

No nor polymarket responded immediately to the follow -up questions of Decrypt about which types of events the tool will follow.

The product is the first of various “integrations and unique experiences” that come from the agreement of X and Polymarket, according to the joint press release of the companies.

The partnership comes in the midst of the growing embrace of traditional technology companies of digital assets payments and the blockchain technology that underlies them.

At the end of last year, Stripe Cryptocurrency integrations re-introduced in its platform, while Meta is reportedly looking at his Stablecoin ambitions again after his decision to see Sunset Diem (formerly Libra) in 2022. Meanwhile, Kalshi and Robinhood acted in Digitale Activa.

It also comes after a record smash year for polymarket. Last fall, in the midst of the American election season Fervor, the forecast market manager was registered Daily trade volumes of around $ 85 million. And on election day, polymarket An eye Total open interest of $ 463 million.

Published by James Rubin