Riding the wave of success, Polymarket has partnered with the AI company Perplexity.

Polymarket, the popular prediction market, is now partnering with artificial intelligence (AI)-powered search engine Perplexity. The goal of this partnership is to enhance the user experience by integrating advanced news summaries directly into the Polymarket platform.

Meanwhile, Polymarket continues to attract users amid the heated US presidential election.

Also Read: Polymarket's impressive growth in 2024

How will Polymarket leverage Perplexity's AI?

When users select an event on Polymarket, they are greeted with a concise summary of relevant news generated by Perplexity’s search technology. Additionally, users can now explore further by asking additional questions via a dedicated search box, further enhancing their engagement with current events.

Additionally, Polymarket is leveraging Perplexity’s Pages feature, which allows users to create and Chia custom pages from search results. Perplexity will display these pages on its Explore page, increasing content visibility and fostering deeper connections between users of both platforms.

“When I first started Polymarket, I told people I was building the search engine of the future. [Now it] has become a reality,”

Shayne Coplan, CEO of Polymarket said .

Meanwhile, Perplexity has a big opportunity from this partnership by becoming a customer by connecting to Polymarket’s API. This partnership is expected to generate significant API call revenue as users interact with the integrated search and prediction features.

Amid this strategic alliance, Polymarket has seen tremendous growth . According to data from the Dune dashboard, Polymarket’s monthly volume hit a record high of over $387 million in July alone. Furthermore, the platform’s user base is also expanding, with August expected to surpass July’s record of 44,523 monthly traders.

The attention surrounding the US presidential election has fueled this growth. Nearly $600 million was wagered on the outcome of the election, highlighting Polymarket’s growing popularity in the decentralized prediction market space.

However, the platform has faced criticism over potential market manipulation. Cryptocurrency analyst Colin raised concerns on his social media, pointing to the volatility in predictions for presidential candidates.

“I see on my timeline that Polymarket is showing Kamala Harris with a 6% lead over Donald Trump. But how much money does it take to move these prediction markets? Not much. As little as $600,000 would put Trump ahead of Kamala. This market has a lot of slippage and low liquidation ,”

Colin said .

Also Read: Polymarket benefits greatly from US politics, investors expect Airdrop

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