Polymarket, a decentralized prediction market platform, is integrating Chainlink’s oracle community to enhance the accuracy and velocity of its market resolutions, the businesses introduced Friday.
Polymarket has partnered with Chainlink to combine its knowledge normal into Polymarket’s decision course of, in response to a Friday press launch shared with Cointelegraph.
The collaboration will initially give attention to enhancing the accuracy and velocity of asset pricing resolutions, with plans to broaden into extra markets.
Whereas Polymarket’s pricing prediction integration with Chainlink is stay on the Polygon mainnet instantly, the events count on to discover extra prediction markets utilizing Chainlink sooner or later.
Polymarket makes use of Polygon by default
Chainlink’s integration marks a big growth for Polymarket because the platform makes use of the Polygon blockchain — a layer-2 (L2) Ethereum scaling answer — as its underlying community.
Launched in 2020, Polymarket has emerged as a significant crypto-enabled prediction market platform, the place customers can place bets on the outcomes of future occasions utilizing digital belongings like Circle’s USDC (USDC) stablecoin on the Polygon blockchain.
Whereas Polygon is concentrated on delivering quicker and cheaper transactions by processing transactions off the primary Ethereum chain, Chainlink supplies an oracle community that connects good contracts on the blockchain with real-world exterior knowledge.
As such, whereas Polygon is Polymarket’s chain by default, Chainlink can be sending knowledge to settle the markets into the Polygon chain in manufacturing.
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“Polymarket’s resolution to combine Chainlink’s confirmed oracle infrastructure is a pivotal milestone that drastically enhances how prediction markets are created and settled,” Chainlink co-founder Sergey Nazarov stated, including:
“When market outcomes are resolved by high-quality knowledge and tamper-proof computation from oracle networks, prediction markets evolve into dependable, real-time alerts the world can belief.”
“Subjective” markets explored
Along with pricing market integration, which has a transparent, definitive decision, Polymarket and Chainlink will discover methodologies to usher in extra prediction markets, the announcement stated.
Past pricing predictions, Polymarket and Chainlink are additionally exploring learn how to apply oracle networks to extra subjective questions, which have usually relied on social voting mechanisms. The businesses say increasing to those markets might additional decrease bias and strengthen decision integrity.
The companies didn’t instantly reply to Cointelegraph’s request for additional particulars.
The information got here quickly after the US Commodity Futures Buying and selling Fee issued a no-action letter to a clearinghouse acquired by Polymarket in early September, marking one other case of US regulators softening their method to crypto enforcement in 2025.
In late August, Polymarket added Donald Trump Jr. to its advisory board after securing funding from 1789 Capital, which tied the prediction market extra carefully to US politics.
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