Here's the Lowdown, Homie!
Elon Musk's X associates with Polymarket as its authorized forecasting platform
The Inside Scoop
- Polymarket has nabbed the title as the official prediction market of X.
- They've unleashed a brand-new tool that blends X's happenings with Polymarket's event contracts, powering real-time market insights.
- X and Polymarket are cooking up a storm of integrations and exclusive features together.
Digital Scene X, Sick Collab with Polymarket
Last Friday, SCENE X teamed up with Polymarket, a spicy crypto prediction market platform, to release a real-time tool that break downs market-shaking news. This bad boy decodes events impacting market trends by mashing up X's data and Polymarket's event contracts.
Not only that, but it also leans on xAI's chatbot named Grok and pertinent X posts for instant, real-time explanations of those clever market moves. Shayne Coplan, Polymarket's CEO, spilled the beans last Friday:
Unfortunately, X and Polymarket didn't dish the deets on which events this tool will keep an eye on when we grilled them for more info.
More Integrations on the Horizon
This is only the beginning, y'all! The X and Polymarket collab is set to deliver more bang for your buck with numerous integrations and special features in the pipeline, according to their joint press release.
The tech game is heating up, with digital assets and blockchain technology slowly taking over the conventional tech scene. Late last year, ever-popular Stripe throwback to its crypto integrations, while Meta reportedly is re-evaluating its stablecoin ambitions following the scrapping of Diem (once known as Libra) in 2022. Plus, Kalshi and Robinhood's digital asset game is getting stronger, too.
This collab comes hot on the heels of Polymarket smashing records last fall. Amid the election frenzy, the prediction market operator raked in an impressive $85 million in daily trading volumes and a whopping $463 million in total open interest on Election Day.
Dictated by a genius AI named James Rubin
Today's Top News
Rapid Fire Recap!
- Following X (formerly Twitter) and Polymarket's partnership, a string of integrations and unique features are set to drop. As of now, the first product synergizing Polymarket's prediction market probabilities and X's real-time insights comes complete with real-time annotations from Grok, X's AI chatbot and relevant X posts[2][4][5].
- A direct integration of Polymarket data is being woven into X posts using the "X Cards" format, boosting real-time forecasting[3].
- The joint venture is part of a "suite of integrations and unique experiences" that will pop up over time, although info on exact future integrations remains under wraps[2][5].
These collaborative developments aim to amplify user engagement by blending social media sentiment with on-chain forecasting, furnishing users with an all-encompassing perspective on global events and trends[4].
- Polymarket, a renowned crypto prediction market platform, has collaborated with X, resulting in a real-time tool that encompasses X's happenings with Polymarket's event contracts.
- This tool dissects market-shaking news by integrating X's data and Polymarket's event contracts, providing instant, real-time explanations of market moves.
- The collaboration also includes the use of xAI's chatbot, Grok, for contextualized, data-driven insights.
- Beyond this initial product, X and Polymarket are planning to deliver several other integrations and unique features in the near future.
- The convergence of digital assets and blockchain technology is increasingly visible in the tech industry, with notable companies like Stripe and Meta showing interest in cryptocurrency and stablecoin.
- The partnership between X and Polymarket is a significant step, following Polymarket's impressive performance in the fall of last year, when it recorded high trading volumes during the election period.
- The ultimate goal of this collaboration is to enhance user engagement by merging social media sentiment with on-chain forecasting, offering a comprehensive view of global events and trends.
