X, formerly known as Twitter, has officially partnered with Polymarket, the popular prediction market platform, to provide a unique service that allows users to bet on real-world events such as elections and sports, using cryptocurrency. Announced on June 6, 2025, the partnership is set to transform how users engage with information and market predictions on the platform, integrating Polymarket’s betting capabilities into X’s ecosystem.

A new era for crypto betting on social media:

The collaboration is described as an initial step in a series of product integrations that will blend Polymarket’s real-time predictions with X’s data-driven insights, offering users an innovative way to make informed decisions. According to Shayne Coplan, the founder and CEO of Polymarket,“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, data-driven insights to millions of Polymarket users around the world instantaneously.”

This partnership marks a significant milestone for the crypto betting space, with X becoming the first major social platform to integrate cryptocurrency betting directly into user interactions. Polymarket operates on the Polygon blockchain, an Ethereum Layer 2 solution, and allows users to fund their accounts exclusively with USD Coin (USDC). The integration will empower X users to make predictions on events using cryptocurrency, making real-time betting a native feature on the platform.

As part of the new collaboration, users will be able to access live insights, predictions, and data-driven annotations, all powered by Polymarket and X’s artificial intelligence assistant, Grok. This AI will provide real-time market moves and relevant X posts, creating a dynamic interaction between user predictions and the unfolding of actual events.

In an official statement, Coplan emphasized, “We look forward to enhancing X and Polymarket users’ ability to make instant sense of breaking news and make informed decisions about the future as we continue to scale our platform.”

Polymarket’s growth and impact:

Polymarket’s rapid growth is a testament to the rising interest in decentralized prediction markets. In 2024 alone, more than $8 billion in predictions were made on Polymarket across a wide range of topics, including politics, pop culture, and current events. This growth is fueled by the platform’s use of blockchain technology, ensuring transparency and tamper-proof data, which has made Polymarket a trusted source for real-time information.

Since its launch in 2020, Polymarket has become a leader in the prediction market space, particularly following the 2024 U.S. presidential election, which saw significant activity on the platform. The company’s unique position allows it to provide predictions that can rival traditional polling methods, as seen when Polymarket accurately forecasted political outcomes. “Trump leads Kamala by 3% on the markets. More reliable than polls,” Musk recently stated on X, underlining the growing reliance on prediction markets over conventional methods.

According to TechCrunch, the strategic partnership between X and Polymarket is part of a broader effort by Elon Musk to reshape X into a comprehensive ecosystem blending social media, finance, and crypto technologies. Musk has long championed the integration of cryptocurrency into everyday applications, and this partnership is yet another step in building a decentralized, crypto-driven infrastructure on X. The inclusion of Polymarket is one piece of Musk’s larger plan, which also includes features like X Money, X Chat, and other services designed to make crypto a mainstream tool for communication and commerce.

Moreover, the timing of this announcement coincides with a surge in the price of Polygon, signaling the industry’s recognition of this new integration as a promising innovation. Polygon, with its low transaction fees and fast speeds, is a vital technology for Polymarket’s operations, helping to streamline crypto transactions and betting markets on the platform.

This collaboration offers an exciting opportunity for the crypto and prediction markets sectors. By incorporating betting and predictions directly into social media, Musk is giving users the chance to engage with the world of finance and crypto in a more interactive way. For those involved in crypto, this partnership signals the potential for practical, everyday use cases that go beyond speculation and into the realm of informed, data-driven decisions.