Polymarket Becomes Prediction Market Partner for Social Media Giant X

In a move sure to shake up the crypto prediction market space, Polymarket has inked an official partnership with social media titan X, formerly known as Twitter. The company announced the blockbuster deal on Friday, though the brass kept mum on terms of the agreement.

Polymarket and X plan to cook up an integrated product giving users access to Polymarket’s real-time data on event prediction markets. How will it work? By tapping into X’s massive trove of posts and leveraging its snazzy AI assistant Grok to analyze market movements.

“We can’t wait to give X and Polymarket users a crystal ball for decoding breaking news and gazing into the future,” Polymarket CEO Shayne Coplan said of the tie-up. “This is just the first bite of the apple as we scale up the platforms.”

The partnership comes at an interesting time for Polymarket. The platform saw over $8 billion in user trading volume last year. And even though it’s still a no-go for U.S. punters, Coplan expects 2025 volume to trounce 2024’s big number.

There’s also drama swirling around a botched partnership between prediction market rival Kalshi and an AI company owned by X’s head honcho Elon Musk. Recall those retracted reports last month claiming Kalshi landed a deal with Musk’s startup? Well, Kalshi now says it jumped the gun on announcing any agreement. Though details remain foggy.

Meanwhile, the U.S. Commodity Futures Trading Commission is on the cusp of a leadership shakeup. President Donald Trump tapped crypto expert Brian Quintenz to take the reins as Chairman. He goes in front of the Senate Agriculture Committee next week for grilling.

If Quintenz passes Congressional muster, sources say he’ll resign from prediction market Kalshi’s board. As Chairman, he’d oversee the CFTC’s review of perpetual futures contracts that let traders bet indefinitely on crypto prices rather than settle up at expiration. Companies are clamoring to offer these offshore, so Quintenz’s insider knowledge could prove useful.