Polymarket: Chainlink partnership aims to improve accuracy

Blockchain-based prediction market Polymarket is integrating Chainlink. The companies announced this on Friday.
The collaboration will initially focus on improving the accuracy and speed of asset pricing resolutions.
“Polymarket’s decision to integrate Chainlink’s proven oracle infrastructure is a critical milestone that significantly improves the way prediction markets are created and executed,” said Chainlink co-founder Sergey Nazarov.
He further explained: “When market outcomes are resolved by high-quality data and tamper-proof calculations from oracle networks, prediction markets evolve into reliable, real-time signals that the world can trust.”
Beyond price predictions, Polymarket and Chainlink are also exploring how oracle networks can be applied to more subjective questions, which typically rely on social voting mechanisms. The companies say that expanding to these markets could further minimize bias and strengthen the integrity of resolution.
Polymarket was launched in 2020 and has since grown into a platform known far beyond the crypto space. Users can bet on the outcome of future events using crypto assets.
Chainlink is a blockchain oracle, meaning it connects smart contracts on the blockchain with real external data. The LINK token has recently regained favor with investors thanks to various factors.
Meanwhile, two more crypto companies appear to be following in the footsteps of Circle and Bullish. Gemini and Figure also celebrated successful IPOs recently.

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