In order to improve the user experience, Polymarket has collaborated with the AI search engine Perplexity.
On Monday, Polymarket formed a partnership with the Artificial Intelligence search engine Perplexity to implement news summaries on events for users, thereby improving the overall experience on the prediction market. Following a 28% decline in Polymarket’s open interest last week, the company has made the announcement.
Prediction market Polymarket has established a partnership with Perplexity, an AI-powered search engine. The partnership will enable Perplexity’s 10 million users to access summaries of prediction events that are based on search results.
The partnership’s objective is to offer users a more interactive experience by incorporating a query area for inquiries and a column that enables users to share result pages. The partnership will be advantageous for both platforms, as Perplexity will incorporate Polymarket’s data into its visual responses.
Polymarket recently achieved a significant milestone by generating over $1 billion in trading volumes. Nevertheless, it experienced a decline in its open interest last week following its most significant single-day drawdown of $20 million. This may have been the consequence of the broader market decline last week, which may have prompted a significant number of bookmakers to liquidate their positions, resulting in the closure of many.
In the interim, Polymarket data indicated that the presidential election odds have reversed, with Kamala Harris leading her Republican opponent, Donald Trump, by 52% to 45% early on Monday.
Also Read: Istanbul Blockchain Week announces Arkham as its title sponsor
