Elon Musk Makes a New Move in the Cryptocurrency World

by Louvenia Conroy

Elon Musk-led artificial intelligence company xAI announced a strategic partnership with US-based prediction market platform Kalshi.

As fragment of the partnership, xAI’s AI chatbot, Grok, has been integrated into Kalshi’s platform. The collaboration marks Grok’s first foray into prediction markets.

xAI announced the model in a put up on X (formerly Twitter): “Kalshi and xAI are collaborating to ship Grok to prediction markets. Two of The US’s fastest-increasing corporations are in actual fact on the the same crew.”

Kalshi is gaining reputation ahead of the upcoming November 2025 US presidential election. The corporate is even handed one of many few federally regulated exchanges that legally permits US citizens to alternate on the tip results of political races. Kalshi’s platform moreover permits customers to kind predictions on plenty of matters, alongside with Nobel Peace Prize winners and US Federal Reserve passion price choices.

In June 2025, Kalshi raised $185 million in a funding round led by crypto-focused funding firm Paradigm, pushing its valuation to $2 billion.

Both corporations dangle terminate ties to President Donald Trump. Kalshi’s son, Donald Trump Jr., serves as a strategic marketing consultant, while Kalshi board member Brian Quintenz became nominated by President Trump to chair the U.S. Futures Procuring and selling Price (CFTC). The CFTC is the considerable regulator of prediction markets and various derivatives markets.

*That is not very funding advice.

Related Posts