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Investing.com -- Social media giant X, formerly known as Twitter, has announced a partnership with Polymarket, a cryptocurrency-based predictions market platform. The announcement was made on Friday, marking a significant shift towards data-driven insights derived from social media posts.
The partnership will integrate Polymarket’s prediction market platform into X’s interface, enabling users to place bets on the outcomes of various events, such as elections or sports matches, using cryptocurrency. The integration is expected to increase user engagement, provide real-time insights, and potentially allow users to earn from accurate predictions.
Polymarket has expressed that this partnership signifies a new era for truth on the internet, with the future of news being optimized for truth, rooted in transparency, and anchored in reality.
Elon Musk’s company X and Polymarket will work together to provide data-driven insights and recommendations based on posts from the social media site to the prediction platform. The partnership will launch with a joint product and aims to release a suite of similar services for users of both platforms in the future.
As part of this venture, the AI chatbot Grok, developed by Musk’s artificial intelligence company xAI, will be incorporated. However, the specific terms of the agreement between X and Polymarket have not been disclosed.
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