Polymarket, a decentralized prediction market platform, has announced a collaboration with Chainlink to improve the accuracy and speed of its market resolutions.
Partnership between Polymarket and Chainlink
Polymarket is integrating Chainlink’s data standard into its resolution processes, allowing for enhanced accuracy and speed of predictions on the platform. This collaboration is live on the Polygon mainnet.
Use of Polygon Blockchain
Polymarket utilizes the Polygon blockchain, which serves as a layer-2 solution for Ethereum scalability. This enables the platform to conduct faster and cheaper transactions.
Exploration of New Prediction Methods
In addition to pricing market integration, Polymarket and Chainlink are exploring methodologies for more subjective questions, traditionally relying on voting mechanisms. This could further minimize bias and strengthen resolution integrity.
The partnership between Polymarket and Chainlink represents a significant advancement in the development of decentralized prediction platforms, enhancing their functionality and improvements.
