Elon Musk bringing Polymarket to X is a big move, which may create huge waves later on.
After X Money goes live, the basic operation is to save money in X, and it allows for mutual transfers, tips, and financial management, similar to WeChat.
But the problem is that WeChat Wallet relied on the first round of Spring Festival red envelopes to break the ice, plus the second round of merchants deploying QR code payments. These two aspects are difficult for X to replicate.
So what can break the ice? Polymarket might be a powerful tool.
The code name for Polymarket is: everything is a bet, which naturally aligns with social media.
You can deposit money into the X wallet and then bet on various events in the embedded Polymarket module, or you can embed it in your posts, allowing others to place bets through your posts, and you earn a share of the fees, similar to the Binance Square model, opening up the imagination.
X can enjoy great profits from the fees.
It can enhance user stickiness (bettors pay more attention to public opinion and outcomes).
It can also influence event outcomes in reverse due to betting markets.
It's a win-win-win!
Especially with so many political fans, crypto enthusiasts, and male fans on X, it is naturally suitable for a large casino. As long as X complies with regulations and does enough on the surface, everyone can use VPNs and cryptocurrencies to bypass regulatory barriers.