Predicting the strategic leap in the market
To integrate the diversified forecasting market with mainstream social media, X announced a strategic partnership with Polymarket and named it the official forecasting market partner for the platform. The collaborative signal shows that the convergence of blockchain-based prediction tools and online discourse has made a significant leap, potentially reshaping how users interact with real-time real-world events.
Polymarket is built on a decentralized protocol, enabling users to use crypto assets to speculate on the outcomes of events ranging from political elections to sports, technology launches, and global affairs. The platform’s accuracy and real-time emotion tracking capabilities are often comparable to traditional polling and prediction methods.
The partnership with X is expected to integrate visibility into the trend conversation by integrating the visibility of the forecast market, allowing users to view, engage, and even place bets directly from the X interface. Details on how the integration will technically work, or whether it is restricted to the choice of a geographic location, have not been disclosed.
A spokesperson for X said: “Polymarket brings a powerful mechanism to measure real-time consensus on events. This partnership will enable our users to engage in current events more dynamically, thus providing new insights and engagement.”
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Powerful volume drops in user activity drop
Despite recent fluctuations in user activity, Polymarket recorded a massive $1.01 billion transaction volume on May 2025 trading volume, the fourth consecutive monthly increase. However, this figure still lags behind its December 2024 peak of $2.577 billion. Active Trader numbers fell to 277,700 in May, the fourth straight month of contraction, even as the platform landed on 145,700 new users.
Source: Sand Dunes
During the 2024 U.S. election cycle, open interest on Polymarket has soared to $512 million, a sharp drop to about $100 million. Analysts attribute this decline to a slump in fascinating global events, although a new partnership with X could revitalize activity.
The crypto and forecast market community responded to cautious optimism. Although many view the X-Polymarket alliance as a validation of decentralized forecasts, regulatory scrutiny is still centered around jurisdictions that restrict cryptocurrency-based betting.
