Reporting · technology
Polymarket extends Chainlink oracle partnership to metals and other assets
Polymarket's 15-minute up and down markets move to gold and silver, with commodities, equities and currency pairs also covered by the expanded oracle deal.
Quick take
- Polymarket has expanded its Chainlink oracle partnership, bringing 15-minute up and down markets to gold and silver.
- Chainlink points to more than $11 billion in past Polymarket trading volume as a track record.
- Settlement depends on the oracle's reference prices, so metals raise open questions about venue and trading hours.
NewsBTC reported that Polymarket has expanded its partnership with Chainlink, the oracle network that supplies reference data used in settlement. The announcement is dated October 29. Under the expansion, Polymarket's 15-minute up and down markets now extend to gold and silver, and the expansion also reaches commodities, equities and foreign exchange.
Polymarket's trading volume, which Chainlink put at over $11 billion, was cited by the oracle provider. That figure describes past activity and is not a forecast for any new market, and it is offered as background on the platform's track record.
The oracle determines the settlement reference price inputs, and metals raise questions about which reference venue applies and which trading hours govern. The report stresses that documented rules and dispute handling are central to how these markets operate.
The account says the expansion's success depends on sustained use of the markets and on reliable settlement. Whether the wider asset range draws continued trading is the open question it leaves. Both points are central to whether the expansion gains traction over time.
Sources
Machine-written from the publishers’ reports and checked against them · How Dextape writes
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