Elon Musk is now driving force in prediction markets.
Musk’s xAI recently announced a collaboration to integrate its AI chatbot, Grok, with the prediction markets platform Kalshi. In June, xAI also announced a similar agreement with Polymarket, a rival to Kalshi.
Kalshi is the company that turned heads with a made-with-AI commercial during the NBA Finals in 2025. It said Grok will be hosted on its platform. The chatbot will also provide helpful context on market developments and price fluctuations.
Grok made headlines in May when it provided unsolicited context to users on X about white genocide in South Africa. In early July, Grok praised Adolf Hitler in comments about the Texas floods and spewed antisentimism.
When asked about concerns over Grok’s controversial behavior, a company spokesperson said Kalshi feels only excitement about the partnership.
Predictions markets are gambling platforms that have real-time odds based on users willingness to bet on outcomes. They offer prop bets for real-world events.
Those who use prediction markets regularly reference the wisdom of the crowd. According to the Tesla CEO, these services are more accurate than polls, as actual money is on the line.
Interactive Brokers and Robinhood also run prediction markets.
Tarek Mansour, CEO of Kalshi told the Motley Fool in April that these types of platforms are the best way to forecast the future because of this skin in the game aspect. People tend to tell the truth when their money is on the line.
In a video announcing the Kalshi-xAI agreement, Grok appeared giving a Market Summary on the current odds for a wager asking: Will Elon Musk create a new political party this year?
Polymarket and the CFTC or the Commodity Futures Trading Commission regulates prediction markets. It did not return a request for comment on its collaborations with xAI. It also did not address any potential conflicts of interest involving Musk’s AI presenting information on bets related to Musk.
