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Polymarket integrates Chainlink to drop the latency and risk of manipulation in prediction results.
PANews, September 12 - According to CoinDesk, the prediction market platform Polymarket is leveraging the on-chain data provider Chainlink to enhance the determination of its prediction outcomes. The two companies announced on Friday that Polymarket will use Chainlink to automatically settle asset price-related markets, reducing latency and tampering risks. Currently, the integration is running on Polygon, initially focusing on cryptocurrency asset prices while both companies explore potential use cases in more subjective markets. Chainlink's infrastructure will combine timestamped price information flows (i.e., data streams) with automated settlement tools, allowing the market to complete settlements immediately when the countdown ends. Polymarket stated that although subjective markets remain challenging, it plans to expand the application of Chainlink data beyond asset prices.