Decentralized Polymarket collaborates with Chainlink…boosts prediction market accuracy and speed
Summary
- Polymarket said that, through cooperation with Chainlink, it will improve the accuracy and speed of its prediction market platform.
- It said the cooperation is expected to enable the swift and accurate reflection of asset price determination.
- It said the adoption of Chainlink's oracle infrastructure is a turning point for prediction markets to evolve into reliable real-time signals.
Prediction market platform Polymarket has joined forces with the decentralized oracle network Chainlink (LINK) to increase the accuracy and speed of market interpretation.
On the 12th (local time), according to Cointelegraph, a media outlet specializing in virtual assets (cryptocurrencies), Polymarket said it will integrate Chainlink's data standards into its market interpretation processes. The collaboration focuses on reflecting asset price determinations more quickly and accurately. It plans to expand the application to other forms of prediction markets in the future.
Sergey Nazarov, co-founder of Chainlink, said, "Polymarket's adoption of verified Chainlink oracle infrastructure is an important turning point leading the evolution of prediction markets," and added, "When market outcomes are interpreted based on high-quality data and tamper-proof computations, prediction markets evolve into real-time signals the world can trust."
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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