Polymarket, a decentralized prediction market platform, is integrating the Chainlink Oracle network to improve the accuracy and speed of their market resolutions, companies announced on Friday.
Polymarket has been associated with Chainlink to integrate its data standard into the Polymarket resolution process, according to a Friday press release shared with Cointelegraph.
The collaboration will initially focus on improving the accuracy and speed of asset price resolutions, with plans to expand to additional markets.
While the Polymarket pricing prediction integration with Chainlink is live in the Polygon Mainnet immediately, the parties expect to explore the additional prediction markets using Chainlink in the future.
Polymarket Us Polygon by default
Chainlink integration marks a significant development for Polymket, since the platform uses the Polygon block chain, a layer 2 Ethereum scale solution (L2), as its underlying network.
Run in 2020, Polymket has become an important prediction market platform enabled with cryptography, where users can bet on the results of future events using digital assets such as the Circle USDC (USDC) stable in the polygon block chain.
While Polygon focuses on delivering faster and more cheaper transactions by processing transactions from the main Ethereum chain, Chainlink provides a Oracle network that connects intelligent contracts in the block chain with external data from the real world.
As such, while Polygon is the default polymarket chain, Chainlink will send data to solve markets in the polygon chain in production.
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“Polymarket’s decision to integrate the proven Oracle de Chainlink infrastructure is a fundamental milestone that greatly improves how prediction markets are created and resolved,” said Chainlink Sergey Nazarov co -founder, adding:
“When market results are resolved through high quality data and Oracle Networks manipulations proof, prediction markets evolve towards reliable and real -time signals in which the world can trust.”
The “subjective” markets explored
In addition to the integration of the price market, which has a clear and definitive resolution, Polymarket and Chainlink will explore methodologies to bring additional prediction markets, according to the announcement.
Beyond price predictions, Polymarket and Chainlink are also exploring how to apply Oracle networks to more subjective questions, which have generally been based on social voting mechanisms. Companies say that expanding to these markets could further minimize bias and strengthen the integrity of the resolution.
Companies did not immediately respond to Cointelegraph’s request for more details.
The news occurred shortly after the Future Trade Commission of the basic products of the United States issued a letter without action to a compensation house acquired by Polymket in early September, marking another case of US regulators who soften their focus on the application of cryptomonts in 2025.
At the end of August, Polymarket added to Donald Trump Jr. to his advisor Board after ensuring the investment of 1789 Capital, which linked the prediction market more closely with US politics.
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