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 information commonplace into Polymarket’s decision course of, in accordance with a Friday press launch shared with Cointelegraph.
The collaboration will initially concentrate on enhancing the accuracy and velocity of asset pricing resolutions, with plans to develop 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 major growth for Polymarket because the platform makes use of the Polygon blockchain — a layer-2 (L2) Ethereum scaling resolution — as its underlying community.
Launched in 2020, Polymarket has emerged as a serious 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 targeted on delivering quicker and cheaper transactions by processing transactions off the principle Ethereum chain, Chainlink gives an oracle community that connects good contracts on the blockchain with real-world exterior information.
As such, whereas Polygon is Polymarket’s chain by default, Chainlink can be sending information to settle the markets into the Polygon chain in manufacturing.
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“Polymarket’s determination to combine Chainlink’s confirmed oracle infrastructure is a pivotal milestone that vastly enhances how prediction markets are created and settled,” Chainlink co-founder Sergey Nazarov mentioned, including:
“When market outcomes are resolved by high-quality information 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 herald extra prediction markets, the announcement mentioned.
Past pricing predictions, Polymarket and Chainlink are additionally exploring how one can 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 strategy 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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