Polymarket, the well-known prediction marketplace, has officially announced new partnering with AI powered search engine, Perplexity.
The partnership of Polymarket predictive capability with Perplexity’s advanced information news summarization, offers users up-to-date, precise information, as well as data-driven approach to navigating through markets.
Polymarket plans on using Perplexity’s Pages feature to create interactive columns, that will be featured on Perplexity’s Discover page. Perplexity plans on adding more material from various sources to its Discover section to boost the increase of the information it provides. Perplexity will also use Tako, another AI platform, to generate visual data representations based on information from Polymarket.
Perplexity currently has more than 25,000 developers using their API, and this collaboration shows an increase in API usage, despite their focus still being on consumers and knowledge workers.
Perplexity has formed a partnership with media websites to share revenue and has committed to prominently displaying references in reaction to claims of plagiarism and content scraping.
The company, with the support from prominent investors such as NEA, IVP, Sequoia, and Jeff Bezos, recently secured $63 million (R1 billion) in funding and is now looking for additional investments to boost its valuation, which may potentially exceed $2.5 billion (R45 billion) to $3 billion (R54 billion)
This partnership builds on Polymarket’s previous partnership with Substack by allowing writers to incorporate Polymarket’s prediction data into their content for real-time insights for their content. Polymarket has expanded its digital media influence by introducing “Oracle,” a Substack newsletter.
This partnership opens opportunities for future advancements in the prediction market sector. Polymarket and Perplexity can discover new growth possibilities and technological advancements through news summaries, and improving user experiences and through innovation.
Main Image: S2UDIOS
