beincrypto.com
Polymarket is entering a partnership with X, Elon Musk’s social media platform. The partnership doesn’t have a lot of details yet, but it’s already caused a market impact.
Polygon’s price jumped significantly after this news.
Polymarket Partners with X
Polymarket, a major online prediction market, hasn’t had a lot of previous interactions with X. However, its landmark new alliance with Elon Musk’s X is a major market development. Promising to become the social network’s “official prediction market partner,” Polymarket teased at future gains.
“Combining Polymarket’s accurate, unbiased, and real-time prediction market probabilities with Grok’s analysis and 𝕏’s real time insights will enable us to provide contextualized,>claimed Shayne Coplan, founder and CEO of Polymarket.
Details are still under wraps, but both firms said Polymarket odds and widgets will soon appear inside X posts and livestreams, letting users stake on everything from US elections to sports finals with a few taps. Polymarket was built on Polygon, an Ethereum-based L2 scaling solution, and its token spiked immediately after the announcement.
Whatever specific plans Polymarket and X have for their continued partnership, it has the potential to significantly change the crypto ecosystem.