Musk’s X ‘joining forces’ with prediction platform Polymarket

In what could prove to be the platform's biggest foray into crypto yet, the Elon Musk-owned X said Friday it will be working with prediction markets platform Polymarket.

"We’re joining forces with Polymarket as our official prediction market partner," X said in a post to its social media platform used by hundreds of millions of users.

Polymarket's new market creation reached an all-time high with over 7,000 new prediction markets launched in April, which was a 20% increase from March.

"Fewer active addresses are trading on Polymarket even as market creation explodes, which could indicate a shift toward a more concentrated user base of market creators," The Block previously reported.

This is a developing story...

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