X has announced a real-time tool that analyzes the news that drives the market in partnership with Polymarket, a forecast market platform from crypto origin, the company said in a joint statement Friday.
Launched Friday, the tool combines data from X with forecasts from Polymarket to provide live insights into events that impact the market. Additionally, the product leverages Xai’s chatbot Grok and associated X posts to provide a real-time explanation of market movements.
Combining these various technology tools, “we can instantly provide contextualized, data-driven insights to millions of multi-tiered users around the world,” said Shayne Coplan, founder and CEO of Polymarket in a statement.
Neither X nor Polymarket responded immediately to Decrypt’s follow-up questions about what events the tool tracks.
According to a joint press release from the company, the product is the first of several “integration and unique experiences” that can be obtained from the X and Polymarket contracts.
This partnership comes from the acceptance of traditional technology companies for digital assets and the blockchain technology that supports them.
Late last year, Stripe reintroduced cryptocurrency integration into its platform, but Meta reportedly is reconsidering its stable ambitions after it decided to set Sunset Day (formerly Libra) in 2022.
It also comes after Polymarket’s record-breaking smash year. Last fall, a forecast market operator recorded amid the enthusiasm of the US election season. Daily trading volume is approximately $85 million. And on election day, I notched something that looked away Total amount: $463 A million.
Edited by James Rubin
