1 day ago
Polymarket is turning to Chainlink to cleanable up however it resolves bets.
The world’s largest prediction marketplace level volition usage the on-chain information supplier to automatically settee asset-price-related markets, cutting down connected delays and tampering risks, the 2 companies announced Friday.
The integration is unrecorded connected Polygon and volition initially absorption connected crypto plus prices portion the firms research imaginable applications for much subjective markets. That means markets based connected plus prices volition resoluteness based connected information straight fed from Chainlink’s decentralized oracle network.
Polymarket presently relies connected optimistic oracle strategy UMA to find the outcomes of its prediction markets. That has often led to contention over governance attacks made to power the outcomes of immoderate markets.
Chainlink’s infrastructure combines timestamped terms feeds, known arsenic Data Streams, with automated colony tools. That, the task said successful a property merchandise shared with CoinDesk, allows a marketplace to settee arsenic soon arsenic the timepiece runs out.
Polymarket says it plans to grow the usage of Chainlink information beyond plus prices, though subjective markets stay a challenge.
Some arguable outcomes connected Polymarket, it’s worthy noting, besides progressive much subjective markets, including decisions based connected Ukrainian President Volodymyr Zelensky’s clothing.
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