Chainlink to Provide Information to Polygon to Resolve Reality-Primarily based Betting Disputes

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 knowledge supplier to mechanically settle asset-price-related markets, slicing down on delays and tampering dangers, the 2 corporations introduced Friday.

The mixing is stay on Polygon and can initially give attention to 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 knowledge instantly fed from Chainlink’s decentralized oracle community.

Polymarket presently depends on optimistic oracle system UMA to find out the outcomes of its prediction markets. That has typically led to controversy over governance assaults made to affect the outcomes of some markets.

Chainlink’s infrastructure combines timestamped worth feeds, referred to as Information Streams, with automated settlement instruments. That, the venture 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 broaden the usage of Chainlink knowledge past asset costs, although subjective markets stay a problem.

Some controversial outcomes on Polymarket, it’s value noting, additionally concerned extra subjective markets, together with choices primarily based on Ukrainian President Volodymyr Zelensky’s clothes.