The social media large is formally integrating Polymarket as its most well-liked prediction market, marking X’s first crypto-related integration since NFT profile photos.
Social media platform X, led by the world’s richest man, Elon Musk, is partnering with Polymarket, a crypto-backed prediction market.
X introduced on its platform that “we’re joining forces with Polymarket as our official prediction market partner,” however Musk has not commented on the partnership but.
Polymarket adopted up on the announcement and mentioned, “The next information age won’t be driven by the 20th century’s media monoliths – it’ll be driven by markets. Our partnership with X marks a new chapter for truth on the internet.”
The transfer marks X’s first crypto-related integration because the platform eliminated NFT profile photos in 2023, shortly after Musk took over.
Polymarket’s Rise
Polymarket, which launched in 2020, went comparatively unnoticed till 2024, when quantity in the marketplace exploded, main as much as the 2024 U.S. Presidential Election. The platform generated file volumes in This autumn 2024, hitting an all-time excessive of $1.1 billion within the final week of October.
Exercise has calmed down because the election frenzy, however Polymarket continues to be doing extra weekly quantity in 2025 than it did on a month-to-month foundation for all of 2023 and the primary half of 2024.
Within the week main as much as the election outcomes, Polymarket recorded extra quantity in 5 days than it did by means of the entirety of 2023, whereas prime merchants cashed out as a lot as $47 million by betting appropriately on election outcomes.
The most well-liked markets on Polymarket at the moment primarily concentrate on playoff sports activities outcomes because the NBA Finals and Stanley Cup Finals proceed to play out, however others nonetheless comply with native authorities elections and geopolitical conflicts.
The NBA Championship market is at the moment the very best quantity market on the platform, with $1.7 billion guess thus far, and 75% of the members favoring the Oklahoma Metropolis Thunder over the Indiana Pacers.
