Elon Musk Makes a New Move in the Cryptocurrency World

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

As part 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 development in a post on X (formerly Twitter): “Kalshi and xAI are collaborating to bring Grok to prediction markets. Two of America’s fastest-growing companies are now on the same team.”

Kalshi is gaining popularity ahead of the upcoming November 2025 US presidential election. The company is one of the few federally regulated exchanges that legally allows US citizens to trade on the outcome of political races. Kalshi’s platform also allows users to make predictions on a variety of topics, including Nobel Peace Prize winners and US Federal Reserve interest rate decisions.

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

Both companies have close ties to President Donald Trump. Kalshi’s son, Donald Trump Jr., serves as a strategic advisor, while Kalshi board member Brian Quintenz was nominated by President Trump to chair the U.S. Futures Trading Commission (CFTC). The CFTC is the primary regulator of prediction markets and other derivatives markets.

*This is not investment advice.