Polymarket, a Polygon-based betting platform founded by Shane Coplan, has partnered with Elon Musk's platform, X, to integrate Web3 betting directly into X posts and livestreams. Announced on June 6, 2025, this collaboration allows users to wager on real-world events within the social media platform, enhancing user engagement and boosting Polygon's token price. Despite facing a $1.4 million fine from the CFTC in 2022, Polymarket continues to thrive, with a significant user base in the U.S. and a growing appeal for real-time event-based betting, particularly during major events like the 2024 U.S. election.