{"id":858504,"date":"2025-06-27T19:13:13","date_gmt":"2025-06-28T00:13:13","guid":{"rendered":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/27\/polymarkets-new-partnership-with-elon-musks-x-userbase-already-checking-out\/"},"modified":"2025-06-27T19:13:13","modified_gmt":"2025-06-28T00:13:13","slug":"polymarkets-new-partnership-with-elon-musks-x-userbase-already-checking-out","status":"publish","type":"post","link":"https:\/\/newsycanuse.com\/index.php\/2025\/06\/27\/polymarkets-new-partnership-with-elon-musks-x-userbase-already-checking-out\/","title":{"rendered":"Polymarket\u2019s new partnership with Elon Musk\u2019s X \u2013 Userbase already checking out?"},"content":{"rendered":"<div id=\"single-post-wrapper\">\n<p><img width=\"1200\" height=\"675\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Polymarket-partners-with-Twitter-1200x675.webp\" alt=\"Polymarket's new partnership with Elon Musk's X - Is its userbase already checking out?\" decoding=\"async\" fetchpriority=\"high\"  >\n\t\t\t\t\t\t<\/p>\n<div>\n<div>\n<div>\n<p><img loading=\"lazy\" decoding=\"async\" data-del=\"avatar\" alt=\"Avatar\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2022\/08\/IMG_20220817_125232_826-scaled-e1661058408776-80x80.jpg\" height=\"48\" width=\"48\"><\/p>\n<p>Journalist<\/p>\n<\/p><\/div>\n<div>\n<h4>Share this article<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n<div>\n<ul>\n<li><em>Polymarket has partnered with Elon Musk\u2019s xAI and X, boosting blockchain prediction market visibility<\/em><\/li>\n<li><em>Rising usage in sharp contrast with declining Open interest and criticism amid Trump\u2013Musk tensions<\/em><\/li>\n<\/ul>\n<p><span>In a significant move, crypto-based predictions platform Polymarket has entered into a strategic partnership with Elon Musk\u2019s xAI and its associated social media platform, X (formerly Twitter). <\/span><\/p>\n<p><span>The collaboration, <a href=\"https:\/\/x.com\/shayne_coplan\/status\/1931008087688614155\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">announced<\/a> by Polymarket CEO Shayne Coplan, positions Polymarket as the official predictions market partner for both X and xAI.<\/span><\/p>\n<p>He said,<\/p>\n<blockquote>\n<p>\u201cThe two top truth seeking apps on the internet are stronger together. Welcome to News 2.0.\u201d<\/p>\n<\/blockquote>\n<p><span>This alliance is a sign of the growing integration of blockchain-powered prediction tools within mainstream tech ecosystems.\u00a0<\/span><\/p>\n<h2>Polymarket makes waves<\/h2>\n<p>Polymarket surged into the spotlight during the U.S presidential race, emerging as the go-to platform for real-time political sentiment and probabilistic forecasts.<\/p>\n<p><span>In fact, in the month of May, Polymarket recorded a trading volume of $1.103 billion \u2013 <a href=\"https:\/\/dune.com\/rchen8\/polymarket\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">Marking<\/a> its fourth consecutive month-on-month hike.<\/span><\/p>\n<div id=\"attachment_499291\">\n<p><a href=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Chart-13.png\" data-wpel-link=\"internal\"><img loading=\"lazy\" decoding=\"async\" aria-describedby=\"caption-attachment-499291\" alt width=\"1229\" height=\"791\"   data-old-src=\"data:image\/svg+xml,%3Csvg%20xmlns='http:\/\/www.w3.org\/2000\/svg'%20viewBox='0%200%201229%20791'%3E%3C\/svg%3E\" srcset=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Chart-13.png 1229w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Chart-13-300x193.png 300w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Chart-13-1024x659.png 1024w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Chart-13-768x494.png 768w, https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Chart-13-1200x772.png 1200w\" src=\"https:\/\/ambcrypto.com\/wp-content\/uploads\/2025\/06\/Chart-13.png\"><\/a><\/p>\n<p id=\"caption-attachment-499291\">Source: Dune Analytics<\/p>\n<\/div>\n<p><span>Worth noting, however, that this figure was still significantly below its December 2023 peak of $2.577 billion.<\/span><\/p>\n<p><span> Similarly, while 145.7k new users joined the platform, the number of active traders declined to 277.7k, extending a four-month downward trend. <\/span><\/p>\n<p><span>Open Interest, once soaring at $512 million during the height of the election season, soon <a href=\"https:\/\/dune.com\/rchen8\/polymarket\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">dropped<\/a> sharply to approximately $100 million. This is a sign of both the platform\u2019s evolving user engagement and the cyclical nature of its market activity.<\/span><\/p>\n<p><span>As expected, the announcement of Polymarket\u2019s partnership with xAI and X has not been without controversy, coming on the heels of escalating <a href=\"https:\/\/ambcrypto.com\/world-liberty-financial-exec-shorts-trump-will-it-hold-10\/\" target=\"_blank\" rel=\"noopener\" data-wpel-link=\"internal\">tensions<\/a> between U.S. President Donald Trump and Elon Musk. <\/span><\/p>\n<h2>Community reactions<\/h2>\n<p><span>Now, while many have praised the move as a step towards broader adoption and innovation in prediction markets, critics have been quick to question the motivations behind it. <\/span><\/p>\n<p><span>For instance, one user on X voiced <a href=\"https:\/\/x.com\/vohvohh\/status\/1931003051998851079\" target=\"_blank\" rel=\"noopener nofollow external noreferrer\" data-wpel-link=\"external\">concerns<\/a> over the alliance, hinting at underlying political dynamics and potential biases influencing the platform\u2019s direction.<\/span><\/p>\n<blockquote>\n<p><span>\u201cwow now X is a gambling app.\u201d<\/span><\/p>\n<\/blockquote>\n<p><span>Such a mixed reception underscores the fragile intersection of technology, finance, and politics, particularly at a time when public trust and transparency are paramount.<\/span><\/p>\n<div>\n<h4>Share<\/h4>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p> Ishika Kumari<br \/><a href=\"https:\/\/ambcrypto.com\/polymarkets-new-partnership-with-elon-musks-x-is-its-userbase-already-checking-out\/\" class=\"button purchase\" rel=\"nofollow noopener\" target=\"_blank\">Read More<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Journalist Share this article Polymarket has partnered with Elon Musk\u2019s xAI and X, boosting blockchain prediction market visibility Rising usage in sharp contrast with declining Open interest and criticism amid Trump\u2013Musk tensions In a significant move, crypto-based predictions platform Polymarket has entered into a strategic partnership with Elon Musk\u2019s xAI and its associated social media<\/p>\n","protected":false},"author":1,"featured_media":858505,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[36604,144926],"tags":[66002,144925],"class_list":{"0":"post-858504","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-partnership","8":"category-polymarkets","9":"tag-partnership","10":"tag-polymarkets"},"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/858504","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/comments?post=858504"}],"version-history":[{"count":0,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/posts\/858504\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media\/858505"}],"wp:attachment":[{"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/media?parent=858504"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/categories?post=858504"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/newsycanuse.com\/index.php\/wp-json\/wp\/v2\/tags?post=858504"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}