Elon Musk’s X selects Polymarket as its official prediction market partner, signaling a push toward decentralized forecasting and blockchain tools
Polymarket has been chosen as the prediction market partner of social media platform X, marking the beginning of a new era of development for the decentralized predictions marketplace.
On June 6, 2025, X, which is owned by tech magnate and Tesla CEO Elon Musk, announced its partnership with Polymarket. The company announced the collaboration through its platform account.
Polymarket is a blockchain protocol established by Shayne Coplan and launched in 2020. It garnered attention during the 2024 U.S. election. It provides users with access to a variety of predictions regarding actual events. Traders can wager on any subject matter on the decentralized prediction market using cryptocurrency.
In the interim, X has become a prominent news platform, with users commending its evolution since Musk’s $44 billion acquisition in October 2022. The company, previously known as Twitter, was rebranded as X in July 2023 and was most recently acquired by Musk’s artificial intelligence company, xAI, in a deal valued at $33 billion.
“The next information age won’t be driven by the 20th century’s media monoliths — it’ll be driven by markets,” Polymarket said on X. Our partnership with X marks a new chapter for truth on the internet. The future of news is optimized for truth, rooted in transparency, and anchored in reality.”
Before the November election, Musk publicly endorsed Polymarket as a superior election forecaster in October 2024.
He published his argument on X, asserting that the crypto-based prediction market would be the most accurate predictor of the U.S. presidential contest compared to conventional surveys.
According to Musk, prediction markets, such as Polymarket, are platforms with consumers with “skin in the game.”
“Trump now leading Kamala by 3% in betting markets. More accurate than polls, as actual money is on the line,” Musk posted at the time.
Polymarket subsequently accurately predicted that Donald Trump would be the next president of the United States, with the current president defeating Democrat Kamala Harris by a landside. The prediction generated a $21 million profit for a French trader.
Although neither X nor Polymarket has disclosed additional information regarding their partnership, there is widespread speculation on social media platforms that this could be a significant boon for the predictions marketplace.
