Polymarket has announced the launch of new Bitcoin markets utilizing Chainlink technology for instant settlements.
Integration with Chainlink
Polymarket has integrated Chainlink's oracle technology on the Polygon blockchain for immediate Bitcoin prediction market settlements. This was announced by CEO Shayne Coplan.
Benefits of Instant Settlements
With immediate settlements, market dynamics and user trust have improved. Chainlink's technology provides reliable data and real-time signals, potentially boosting trading volumes and liquidity.
Impact on Market and Investments
Support for various markets, including BTC and ETH, increases alongside Polymarket's valuation. Regulatory advancements, such as CFTC approvals in the U.S., encourage investments and compliance.
The launch of instant prediction markets by Polymarket marks a significant step in the development of the crypto industry and could lead to increased activity and trust from traders.
