Polymarket is popping to Chainlink to scrub up the way it resolves bets.
The world’s largest prediction market platform will use the on-chain information supplier to robotically settle asset-price-related markets, slicing down on delays and tampering dangers, the 2 corporations introduced Friday.
The mixing is reside on Polygon and can initially deal with crypto asset costs whereas the companies discover potential functions for extra subjective markets. Which means markets primarily based on asset costs will resolve primarily based on information straight fed from Chainlink’s decentralized oracle community.
Polymarket at present depends on optimistic oracle system UMA to find out the outcomes of its prediction markets. That has usually led to controversy over governance assaults made to affect the outcomes of some markets.
Chainlink’s infrastructure combines timestamped worth feeds, often called Knowledge Streams, with automated settlement instruments. That, the challenge mentioned in a press launch shared with CoinDesk, permits a market to settle as quickly because the clock runs out.
Polymarket says it plans to increase using Chainlink information past asset costs, although subjective markets stay a problem.
Some controversial outcomes on Polymarket, it’s price noting, additionally concerned extra subjective markets, together with choices primarily based on Ukrainian President Volodymyr Zelensky’s clothes.