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Polymarket Integrates Chainlink to Automate Resolutions

The new oracle setup aims to eliminate delays, reduce disputes, and boost trust.

Polymarket Integrates Chainlink to Automate Resolutions

Polymarket Polymarket is automating how some of its markets settle thanks to a new partnership. The onchain prediction platform announced a new integration with Chainlink Chainlink to bring fast, verifiable price data and onchain resolution to its users.

What’s the Scoop?

  • Oracle Upgrade: Polymarket is now using Chainlink Data Streams and Chainlink Automation to power fast, tamper-resistant market resolutions, starting with crypto price markets on Polygon.
  • Fixing a Known Pain Point: Past controversies over delayed or disputed outcomes pushed Polymarket to seek a more reliable solution. Chainlink’s oracle infrastructure is intended to make markets settle faster and more transparently.
  • Subjective Markets Next: The companies plan to test Chainlink data for more subjective markets, potentially replacing social voting with more objective sources.

Bankless Take:

Polymarket's integration of Chainlink oracles will enhance the accuracy and speed of objective onchain dispute resolutions, allowing the prediction market to offer near-instantaneous settlement for easily verifiable markets, such as Bitcoin price predictions.

Bankless

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