Polymarket is enhancing its infrastructure by partnering with Chainlink to streamline bet resolutions. The largest prediction market platform is set to utilize Chainlink’s on-chain data capabilities for automatic settlement of markets tied to asset prices, effectively minimizing both delays and the risks of manipulation.

Key Points:

• Polymarket is integrating with Chainlink’s oracle network to improve its prediction market operations.
• This integration is currently operational on Polygon, aiming to ensure timely resolutions and reduce chances of tampering.
• Initially, the focus will be on markets linked to objective data, while the resolution of more subjective bets is still under consideration.

The new setup aims to rely less on the optimistic oracle system used previoulsly and is intended to improve the integrity of market outcomes. For instance, past reliance on optimistic systems led to notable controversies, especially with governance challenges impacting the adjudication of market resolutions.

Chainlink’s innovative structure features timestamped price streams combined with automated resolution mechanisms, enabling near-instant settlement following market closure.

While Polymarket is keen to broaden its use of Chainlink’s data solutions beyond pricing, developing reliable methods for resolving subjective markets remains a challenge that warrants further exploration.