Elon Musk’s X names Polymarket as official prediction market partner

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Elon Musk's X names Polymarket as official prediction market partner
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Key Takeaways

X has partnered with Polymarket as its official prediction market partner.
In May, xAI was said to have joined forces with Kalshi to provide predictive insights powered by AI for those betting on real-world events.

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X, Elon Musk’s social media platform, is teaming up with prominent prediction marketplace Polymarket, the team announced on X on June 6. Specifics of the collaboration have not been made public.

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Commenting on X’s announcement, Polymarket called the move a major step toward bringing transparent, market-based forecasting into the mainstream.

“The future of news is optimized for truth, rooted in transparency, and anchored in reality,” the prediction platform wrote on X.

“The two top truth-seeking apps on the internet are stronger together,” said Polymarket CEO Shayne Coplan in a statement. “Welcome to News 2.0.”

The announcement follows earlier Bloomberg reporting that Musk’s artificial intelligence company xAI was partnering with prediction marketplace Kalshi to provide AI-powered information for betting on multiple event outcomes.

According to the Bloomberg report, xAI would process news articles and historical data to provide insights for Kalshi users betting on real-world events, including central bank decisions, political races, and global affairs. The AI model, trained partially on content from X, would deliver real-time context reflecting current sentiment and long-term trends.

Both companies plan to commit “significant engineering resources” to developing the partnership, the report indicated.

Elon Musk has publicly expressed his belief that prediction markets, particularly Polymarket, offer a more reliable gauge of public sentiment than traditional polling methods.

In October 2024, Musk posted on his platform X, stating:

“Trump [is] now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line.”

He reiterated this sentiment during a Trump campaign rally, arguing that markets where participants risk their own capital, like Polymarket, better reflect real-world expectations than conventional opinion surveys.

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