Author: shushu, BlockBeats
Original Title: X and Polymarket Collaborate, Musk Takes Another Step Closer to the "Everything App"
The battle of "boarding the ship first and capturing the love" between Musk and Trump continues.
A few days ago, Polymarket founder Shayne Coplan announced that Polymarket has become the "official prediction market partner" of social media giant X and its AI team xAI. The collaboration will combine X platform's data with Grok's analytical capabilities, providing instant, context-rich, and data-supported insights for millions of Polymarket users worldwide.
Currently, Grok is using Polymarket's data to predict events with uncertainty in the real world. However, it is not yet clear how this collaboration will change the user experience on X.
This collaboration announcement coincidentally occurred the day after Musk and Trump's public confrontation on social media. Just two weeks ago, X had also been in contact with Kalshi about a similar collaboration - notably, Trump's eldest son Donald Trump Jr. is a senior advisor to Kalshi.
Considering Kalshi's connection to the Trump family, this collaboration is interpreted not only as having product-level significance but also as another deep exploration by Musk in reconstructing political relationships, expanding financial infrastructure, and promoting the "super app" vision.
According to Polymarket's press release, both parties will launch a series of jointly developed integrated features and unique experiences.
The agreement indicates that X will provide Polymarket with data-driven insights, while Polymarket's prediction results will be fed back to the X platform, combined with real-time interpretations from Grok and related X posts, to create an "explainable predictive data stream".
X CEO Linda Yaccarino stated that this collaboration will bring more value to X users already using Polymarket: "Polymarket has achieved extremely high transparency through prediction markets and has become an important source of real-time information for many X users. We are excited to collaborate with Polymarket and bring our data and technology to their users through a series of innovative product integrations."
Currently, Polymarket's monthly trading volume has been gradually increasing after the election.
Why Polymarket?
Although Polymarket is one of the most popular prediction market platforms, it remains banned in the United States. In January 2022, the CFTC determined that it was illegally operating an unregistered trading platform and imposed a $1.4 million fine.
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Meanwhile, the market is also looking for direct speculation targets related to this. UMA is the core oracle for Polymarket, used to settle prediction market results, and Polymarket relies on UMA's Optimistic Oracle to ensure the fairness and reliability of market results.
X's collaboration with Polymarket could significantly increase Polymarket's trading volume and user base, thereby improving UMA's usage and demand. As trading volume on Polymarket grows, the demand for UMA's oracle will increase, potentially driving UMA token staking and governance needs, further pushing up the price.
Polycule
After Polymarket's trading volume recovered, derivative projects around its development have also emerged.
Polycule is a streamlined Telegram trading bot designed to simplify trading on the Polymarket prediction market platform. On June 8, Polycule founder krish announced receiving a $560,000 investment from Alliance on the X platform.
