Original Content: In a surprising turn of events, Elon Musk’s social media platform X has announced a new partnership with the prediction market platform Polymarket. This collaboration comes hot on the heels of a previously rolled-back announcement involving Kalshi, sparking speculation about potential fallout between Musk and Trump. The deal, revealed today, positions Polymarket as the exclusive prediction market partner for X, a move welcomed by both parties.
“We are thrilled to join forces with Polymarket and are excited to bring their data and technology to our users through innovative product integrations,” stated X CEO Linda Yaccarino. The strategic alliance aims to introduce an integrated product that leverages data-driven insights for cryptocurrency-focused prediction betting on the Polymarket platform. By harnessing X’s real-time data and analysis capabilities, Polymarket intends to enhance its offerings with live insights and dynamic market annotations.
Notably, Polymarket operates outside the US regulatory framework and is not registered with the Commodity Futures Trading Commission (CFTC). Following a settlement with the CFTC earlier this year, Polymarket has restricted access to US users while expanding its international reach. During the recent US elections, Polymarket experienced a surge in trading volume, including a significant win by an anonymous bettor from France who predicted Trump’s victory, underscoring the platform’s global appeal.
The abrupt shift from the previously announced partnership with Kalshi to the new collaboration with Polymarket has raised eyebrows, especially against the backdrop of escalating tensions between Elon Musk and US President Donald Trump. The public feud between the two high-profile figures culminated in a heated exchange on social media platforms, with Musk hinting at undisclosed connections between Trump and Jeffrey Epstein.
As Musk’s X forges ahead with its latest venture alongside Polymarket, the gaming and prediction market landscape stands poised for further disruption. Stay tuned for more updates on this evolving story.