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

Description

Social media platform X has selected Polymarket as its prediction market partner, heralding a new growth chapter for the decentralized predictions marketplace.

Authors

Benson Toti

Publish date

June 6, 2025

Publisher

Crypto.News

Web URL

https://crypto.news/elon-musks-x-taps-polymarket-as-official-prediction-market-partner

Referenced by

Polymarket went on to correctly predict Donald Trump as the next U.S. president – with the current president beating Democrat Kamala Harris by a landside. A French trader made $21 million profit off the prediction.

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Polymarket, which attracted headlines during the 2024 U.S. election, is a blockchain protocol that founded by Shayne Coplan and launched in 2020. It offers users access to various predictions on real world events. Traders can bet on any topic on the decentralized prediction market with cryptocurrency.

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In October 2024, ahead of the November election, Musk publicly advocated for Polymarket as a better election forecaster. He posted his argument on X, noting that the crypto-based prediction market would best predict the outcome of the U.S. presidential contest compared to traditional polls.

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