X Announces New Partnership with Polymarket to Forecast Market Trends
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X has unveiled the first elements of its new partnership with Polymarket, which it announced as its 'official prediction market partner' late last week.
As part of this new collaboration, Polymarket will now combine predictions based on X posts, along with insights from xAI's Grok system, to provide contextual pointers for its forecasts.
As you can see in this example, now, Polymarket users will be able to view X posts that relate to its market predictions, to provide more insight into key trends.
Users will be able to scroll through the full listing of related X updates, which will provide more understanding as to how different real-time events impact Polymarket's overviews, and guide its predictions.
As noted, both Polymarket and X first announced the partnership late last week, with Polymarket noting that:
'The next information age won't be driven by the 20th century's media monoliths - it'll be driven by markets. Our partnership with X marks a new chapter for truth on the internet. The future of news is optimized for truth, rooted in transparency, and anchored in reality.'
I mean, I'm not sure that really encapsulates how most users now experience X, which continues to lose users, and is now facing a significant challenge from Meta's rising Threads app. But X/Twitter data has long been used for market predictions and forecasts, and there definitely is value in using X's real-time stream of updates to inform such, and get ahead of evolving impacts.
Indeed, Twitter had published several blog posts outlining how tweets could be used to get ahead of stock fluctuations. Twitter had also partnered with Bloomberg to integrate tweet data into Bloomberg's analytics suite, in order to help financial professionals capitalize on this data source.
So there's clearly value in using the platform to stay ahead of emerging trends. And getting that slight edge can yield significant advantage, and maybe, with combined insights from xAI, Polymarket could become significantly more valuable as a predictive tool as a result.
Usage does matter, and if X continues to lose users, then its predictive capacity will be impacted as a result. But right now at least, it remains a key platform for in-the-moment news.
X says that it's working on several integrations with Polymarket, with this initial project being just the beginning.
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