Polymarket, one of many largest blockchain-based prediction platforms, has partnered with Chainlink to enhance how its markets are resolved.
The mixing, introduced in a press launch, makes use of Chainlink’s oracle companies to ship tamper-resistant information and automate settlement processes.
The way it works
The collaboration combines Chainlink Information Streams, which give low-latency, timestamped worth feeds, with Chainlink Automation, enabling markets to resolve onchain at predetermined occasions. The mixing is already reside on Polygon mainnet for price-based markets comparable to crypto buying and selling pairs.
The 2 firms additionally plan to experiment with making use of Chainlink information to extra subjective prediction markets. The purpose is to scale back reliance on social voting, which has traditionally launched delays and disputes.
Addressing long-standing challenges
Prediction markets have confronted ongoing points round decision. Up to now, disputed outcomes and gradual settlement undermined person confidence and left room for manipulation. Polymarket has beforehand tried to handle this with an improve to UMA’s Managed Optimistic Oracle V2, which added whitelisted decision proposals to enhance effectivity.
By leveraging Chainlink’s infrastructure, Polymarket goals to additional decrease disputes and speed up payouts, providing individuals stronger ensures of equity and transparency.
Why it issues
Analysts notice that prediction markets have struggled to scale due to their reliance on offchain arbitration and neighborhood governance. The Polymarket–Chainlink tie-up might symbolize a step towards making these platforms extra dependable for each retail and institutional customers.
If profitable, the partnership might set a precedent for utilizing decentralized oracle programs to assist not solely monetary contracts but additionally extra complicated, subjective occasion markets.
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