In yet another absurd Elon Musk news story, it’s been revealed that people are betting on how many times the owner of X will post on his platform in a week.
As News reports, bets are placed via an online prediction market called Polymarket, where users can buy shares for “Yes” and “No” opinions on future events.
The “markets” for Elon Musk’s tweet count are a bit complicated. Users have to bet on 25- or 50-tweet brackets ranging from less than 300 to upwards of 550. If you think he’s going to post 415 times this week, for example, you’d have to buy “Yes” shares in either the 400-425 bracket or the 400-450 bracket. You can also buy “No” shares in brackets you don’t think Musk will hit.
“The shares representing the correct, final outcome are paid out $1.00 USDC each upon market resolution,” according to Polymarket’s support page.
(Credit: Polymarket)
The current weekly cycle runs from Jan. 10-17, and users have already invested over $2 million. According to News, this betting game is so popular that it refreshes every week, and the trading volume routinely touches $1 million.
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Polymarket also has a live tweet counter that updates every time Musk drops a post anda dedicated “Elon Tweets” tab at the top of their homepage.
Another Musk-related prediction event on the platform right now is: “Will Elon Musk buy TikTok?” Trading volume has crossed $200,000 despite TikTok’s denial earlier this week.
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