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Polymarket and Perplexity: A Synergy Between Forecasting and AI Research
Isabella V12 August 2024

 


Polymarket, known for its forecast marketplace that allows users to bet on real-world events, has announced a strategic partnership with Perplexity, an AI-based search engine. This partnership includes the integration of news summaries and research trends directly on Polymarket, offering users a new informative and interactive experience.

Key Points:
- Polymarket and Perplexity collaborate to improve information about betting events.
- Polymarket users will see event news summaries based on Perplexity’s research.
- Perplexity will use Polymarket data to generate visualizations through another AI platform, Tako.
- Perplexity, backed by major investors, expands its API offering without losing its focus on consumers.

Polymarket has formed a new alliance with Perplexity, an AI search engine that is gaining popularity, to enrich users’ enjoyment of information. When a user clicks on an event on Polymarket, he or she can now view a summary of the most relevant news stories related to that event, thanks to Perplexity’s search results. This integration aims to provide clear and immediate informational context, helping users make more informed decisions about their bets. In addition to summaries, users can also ask questions directly through a dedicated search box, which leverages the power of Perplexity’s search engine for accurate and up-to-date answers.

Another interesting aspect of the collaboration involves the use of Perplexity’s Pages feature. Polymarket is working on creating an information column that will be visible in Perplexity’s Discover section, offering readers quick and structured access to the most relevant content. In addition, Perplexity plans to further expand its partnerships with other third parties to enhance and diversify the content in its Discover section, strengthening its role as an innovative information tool.

Perplexity will not just provide search results: it will use some Polymarket data, such as election trends and other key indicators, to create dynamic visualizations. These visual elements will be generated through the Tako AI platform, providing an engaging and easily interpretable visual experience. This represents another step forward in the integration of data and AI to improve users’ understanding of complex information.

According to Shayne Coplan, founder and CEO of Polymarket, this partnership with Perplexity is seen as a natural evolution of their shared mission: to offer reliable information in an increasingly complex and noisy digital environment. Coplan emphasizes how Polymarket has become a benchmark for those seeking high-quality information and how Perplexity is an ideal partner to expand this offering.

Perplexity, for its part, establishes itself as a fast-growing business. Although the company is primarily geared toward consumers and knowledge workers, the use of its API is gaining traction, with more than 25,000 developers already using it. Dmitry Shevelenko, Perplexity’s commercial director, pointed out that the use of APIs is a means of growing the brand, although it is not a corporate priority. This use extends to several areas, including publishers, banks, and financial services, which find Perplexity’s API a useful tool for providing advanced research and up-to-date information to their users.

However, Perplexity has faced some criticism for using content taken from the web without complying with "robots.txt" rules, which has raised concerns from news outlets accusing the search engine of plagiarism. Perplexity has responded to these criticisms by introducing an advertising revenue sharing program with the media and improving the visibility of source citations.

With significant investments from NEA, IVP, Sequoia, and Jeff Bezos, Perplexity recently raised $63 million, reaching a valuation of $1 billion. The company is seeking additional funding to expand its presence in the market, aiming to raise up to $250 million at a valuation of $2.5 billion to $3 billion.

 The partnership between Polymarket and Perplexity represents an interesting synergy in the forecasting and artificial intelligence landscape that could set new standards for digital information and interaction in the near future.