Polymarket is teaming up with one of the world’s most popular social media platforms.
The crypto-focused derivatives exchange announced on Friday a deal with X, formerly Twitter, to make the company the official prediction market partner of the social media giant. Terms of the partnership between X and Polymarket were not disclosed.
Polymarket and X are also collaborating to deliver an integrated product that provides Polymarket real-time data and insights. The product provides Polymarket’s event-based markets with data from X to break down market movements using X posts and the platform’s AI-powered assistant Grok.
It is the first of a series of innovative product integrations that X and Polymarket will deliver to customers as part of their partnership.
“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,” said Polymarket CEO and founder Shayne Coplan.
As of June 2025, Polymarket is not regulated in the U.S. and does not officially accept American customers.
In 2024, Polymarket saw users spend more than $8 billion with the platform. The company expects to surpass that mark in 2025.
Kalshi partnership mix-up
The announcement comes after Bloomberg reported last month that fellow event contracts operator Kalshi had landed a partnership with X owner Elon Musk’s artificial intelligence company xAI.
The story was later pulled, with Bloomberg posting a retraction in a new article saying Kalshi rescinded its announcement. Kalshi told SBC Americas that “there were miscommunications about the timing of the announcement between us and xAI, so we retracted the story.”
Kalshi has yet to provide additional information on the matter.
New CFTC leadership could be a positive for Polymarket
Polymarket and X have partnered as the CFTC prepares for a leadership change.
Earlier this year, President Donald Trump nominated Brian Quintenz as CFTC Chairman. Quintenz, who is considered a crypto expert, will appear before the Senate Agriculture Committee on June 10 as he seeks confirmation as CFTC Chairman.
Quintenz is familiar with the CFTC after previously serving as a commissioner.
He was appointed as a CFTC commissioner in 2016 by President Barack Obama. Trump later re-nominated Quintenz in 2017 and he served as a commissioner until 2021.
Quintenz, who is on the board of directors at prediction market Kalshi, intends to resign from the role if he is confirmed as CFTC Chairman pending Congressional approval.
The CFTC is poised for new leadership as the commission prepares to authorize perpetual futures contracts, which allow investment in a position that continues indefinitely. By comparison, normal event contracts offer a fixed end date or a definitive outcome.
Perpetual futures contracts allow traders to purchase futures that have no term limits or set pricing. The contracts are currently offered offshore by major crypto companies.
