X and Polymarket Agree to Official Prediction Market Partnership Deal

• X and Polymarket today announced an official market partnership
• Terms of the partnership were not revealed
• X had previously been linked to Kalshi for a partnership

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Polymarket, which touts itself as the world’s largest prediction market, and social media giant X today announced a deal that will see Polymarket serve as the official prediction market partner to X.

The terms of the deal were not announced. As part of the agreement, Polymarket and X will launch an integrated product to deliver data-driven insights and recommendations to Polymarket customers.

As part of a 2022 deal with the Commodity Futures Trading Commission (CFTC), customers in the U.S. cannot access or use Polymarket.

Polymarket Predictions Powered by X Data

As part of the partnership, Polymarket predictions will be combined with X data to provide live insights, incorporating real-time annotations to explain market moves directly from Grox and relevant X posts.

The product will launch today. It is scheduled to be the first of a suite of integrations and experiences Polymarket and X will develop together.

“Polymarket ensures transparency through its prediction markets, and has grown into a staple source of real-time information for many 𝕏 users,” said Linda Yaccarino, CEO of 𝕏. “We are pleased to partner with Polymarket and look forward to bringing their our data and technology to Polymarket users through a range of creative product integrations.”

Combining Polymarket’s real-time prediction market probabilities with Grok’s analysis and X’s real time insights will help Polymarket provide its customers with “contextualized, data-driven insights,” said Shayne Coplan, founder and CEO of Polymarket.

“We are proud to work with X as the official prediction market partner and to continue our fruitful collaboration developing an innovative suite of product integrations. We look forward to enhancing X and Polymarket users’ ability to make instant sense of breaking news and make informed decisions about the future as we continue to scale our platform,” he said.

Polymarket Unavailable for U.S. Customers

Polymarket has not been available to U.S. customers since 2022, when the CFTC fined the predictions market company $1.4 million for operating an illegal, unregistered or non-designated facility for event-based binary options online trading contracts, or “event markets.”

In addition to the fine, the CFTC issued a cease-and-desist to Polymarket for violating the Commodity Exchange Act and CFTC regulations.

The CFTC declared Polymarket had been operating an illegal, unregistered facility offering event market contracts since 2020.

Kalshi, X Deal Falls Apart

In late May, Kalshi had announced a partnership with X and xAI, in which xAI would provide information to offer guidance for contracts made by the site’s users. Tarek Mansour, Kalshi CEO and founder, celebrated the partnership with an announcement on X. However, the post has since been removed. It said the following:

“No one has fought for truth harder than Elon Musk. He has inspired me at every step. I could not be more excited to announce Kalshi’s upcoming partnership with xAI to further take prediction markets mainstream. Together, we’ll shape the future of news and information.”

Later in the day, Kalshi rescinded the statement, explaining that details of the announcement had not been mutually confirmed by X. The deal never materialized between the two companies after the initial announcement.

The recent fallout between President Donald Trump and X Founder Elon Musk may have also led to X’s partnership with Polymarket instead of Kalshi. Donald Trump Jr. is a Strategic Advisor to Kalshi.