X Polymarket

X integrates Polymarket prediction markets into its social network

The social network X has formalized a collaboration with Polymarket, the predictions market based on the Polygon PoS validation network.

Thanks to this agreement, X users will have direct access to verifiable predictions on current events, sports, politics, and entertainment.

With a cumulative trading volume exceeding $14,000,000,000, Polymarket now extends to X’s approximately 600,000,000 active users, integrating the prediction service into the platform’s regular environment.

Polymarket Features and Transactional Fluidity

Polymarket operates on an open blockchain, making each prediction searchable and transparent at all times. Furthermore, it keeps user funds in direct custody through Safe, so no one else controls the deposited assets.

To resolve any disputes, it uses UMA’s Optimistic Oracle system, which operates without the intervention of central entities. This combination of elements provides a clear and seamless journey: transactions are confirmed in seconds, with very low fees, thanks to the efficiency of the Polygon network.

It also integrates with Grok.

Starting today, Polymarket’s forecasts and X’s real-time data, provided by Grok, are merged into a single service within the X interface.

For example, anyone reading the news or following a sporting event will find live annotations showing updated odds correlated with the latest trends. And, yes, it’s great to see how the data is translated into direct suggestions right where you’re chatting with your contacts.

At the same time, Polygon is preparing a roadmap detailing upcoming optimizations: increasing the number of transactions per second to 1,000 and an approximate settlement time of 5 seconds, based on PIPs 60 and 43. These modifications will further streamline the use of stablecoins and move Polygon toward mainstream use in payments, tokenized real-world assets, and forecasting platforms like Polymarket.

Disclaimer: The content and links provided in this article are for informational purposes only. islaBit does not offer legal, financial or investment recommendations or advice, nor is it a substitute for the due diligence of each interested party. islaBit does not endorse any investment or similar offer promoted here. Some of the postings may be promoted by interested third parties.

Leave a Comment