Polymarket, a decentralised prediction market platform, has announced a partnership with Chainlink to enhance the way its markets are resolved. The integration brings Chainlink’s oracle network into Polymarket’s system to improve both the accuracy and speed of asset pricing resolutions.
The collaboration, revealed in a Friday press release, marks the first step in a broader plan. While it starts with asset pricing, the companies expect to expand into more types of prediction markets in the future.
Integration Goes Live on Polygon
The Chainlink-powered resolution process is already live on the Polygon mainnet, the blockchain Polymarket uses by default. Polygon, a layer-2 Ethereum scaling solution, helps process transactions faster and at lower costs.
Chainlink, on the other hand, acts as a bridge between smart contracts and real-world data. This means it will deliver external information to Polymarket’s prediction markets, allowing them to settle in a reliable and secure way.
A Step Forward for Polymarket
Launched in 2020, Polymarket has become one of the leading crypto prediction platforms. Users can bet on future events using digital assets such as Circle’s USDC stablecoin, with all activity taking place on Polygon.
By combining Polygon’s scalability with Chainlink’s trusted oracle infrastructure, Polymarket aims to make its markets more efficient and dependable.
Chainlink Co-Founder on the Partnership
Chainlink co-founder Sergey Nazarov said the move represents a major milestone for prediction markets.
“Polymarket’s decision to integrate Chainlink’s proven oracle infrastructure is a pivotal milestone that greatly enhances how prediction markets are created and settled,” he said.
He added that reliable data and tamper-proof computation from oracles allow prediction markets to evolve into “real-time signals the world can trust.”
