Polymarket Integrates Chainlink to Automate Resolutions

Polymarket is automating how some of its markets settle thanks to a new partnership. The onchain prediction platform announced a new integration with Chainlink to bring fast, verifiable price data and onchain resolution to its users.

What’s the Scoop?

• Oracle Upgrade: Polymarket is now using Chainlink Data Streams and Chainlink Automation to power fast, tamper-resistant market resolutions, starting with crypto price markets on Polygon.
• Fixing a Known Pain Point: Past controversies over delayed or disputed outcomes pushed Polymarket to seek a more reliable solution. Chainlink’s oracle infrastructure is intended to make markets settle faster and more transparently.
• Subjective Markets Next: The companies plan to test Chainlink data for more subjective markets, potentially replacing social voting with more objective sources.

Bankless Take:

Polymarket's integration of Chainlink oracles will enhance the accuracy and speed of objective onchain dispute resolutions, allowing the prediction market to offer near-instantaneous settlement for easily verifiable markets, such as Bitcoin price predictions.