Musk’s X partners with online betting market that predicted Trump’s 2024 victory
Elon Musk’s platform X has formed a partnership with Polymarket, an emerging online betting market that gained attention for accurately predicting outcomes, including Donald Trump’s potential victory in the 2024 presidential election. Polymarket allows users to bet on a variety of topics, assessing odds for events like political reconciliations or international developments such as the Ukraine conflict. The collaboration aims to integrate data sharing, including insights from X’s artificial intelligence division, enhancing transparency and user engagement on prediction markets. Both Musk and Polymarket’s CEO, Shayne Coplan, expressed enthusiasm about the partnership, viewing it as a step toward redefining information dissemination in the digital age.
Musk’s X partners with online betting market that predicted Trump’s 2024 victory
Elon Musk‘s X announced a partnership with Polymarket, a booming new online betting market that made a name for itself by predicting President Donald Trump‘s 2024 victory.
Polymarket allows people to put forward bets on various topics, paying for a “yes” or “no” on the outcomes of different events. It gained credibility in predicting outcomes after more accurately guessing the outcome of the 2024 presidential election than many pollsters, as betting markets also did in previous elections.
The partnership will involve data sharing, including with X’s artificial intelligence wing.
Polymarket users can bet on topics ranging from when a ceasefire will be reached for the war in Ukraine (27% chance) to whether Musk and Trump will make up by next Friday (18% chance).
“Polymarket ensures transparency through its prediction markets, and has grown into a staple source of real-time information for many X users,” X CEO Linda Yaccarino said in a statement obtained by Bloomberg. “We are pleased to partner with Polymarket and look forward to bringing our data and technology to Polymarket users through a range of creative product integrations.”
“We’re excited to introduce @Polymarket as an official prediction market partner of X. In a sea of noise, prediction markets deliver clarity through a single, powerful signal: price. Polymarket has established itself as the leading authority in accurately forecasting elections, global events, and cultural trends. We’re excited for the future of this partnership—stay tuned,” X’s business account said in a post.
BETTING MARKETS GOT IT RIGHT IN 2024 AND ARE NOT TO BE SCOFFED AT ANYMORE
Polymarket CEO Shayne Coplan said the partnership will help reinvent news.
“Proud to announce @Polymarket’s partnership with @X and @xai as their Official Prediction Market Partner. The two top truth seeking apps on the internet are stronger together,” Coplan said. “Welcome to News 2.0.”
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