Chainlink Partners With Polymarket For Real-Time Prediction Markets On Polygon

Chainlink and Polymarket Partnership

Chainlink, a provider of decentralized oracle solutions, has partnered with prediction market platform Polymarket.
This integration is live on the Polygon mainnet, enabling secure, real-time prediction markets focused on asset pricing, including cryptocurrency pairs.
The collaboration aims to reduce reliance on social voting by using Chainlink Data Streams and Automation for accurate and automated market resolutions.
Sergey Nazarov, Co-Founder of Chainlink, highlighted the partnership as transformative for prediction market reliability by utilizing high-quality data.

Chainlink's DeFi Impact

Chainlink secures nearly $100 billion in total value across DeFi applications, facilitated by its decentralized network of node operators.
Polymarket, launched in 2020, acquired QCEX for $112 million, aiming to re-enter the US market, and partnered with X (formerly Twitter) for integrated market insights.
Market analysts predict Chainlink's adoption might lead to surpassing XRP in significance by 2030, evolving into a dominant platform for on-chain financial workflows.

Chainlink

Market Movement

Chainlink’s token, LINK, surged by 5% to $24.70, outperforming peers like Bitcoin, which saw an 87% gain compared to LINK's 133% year-to-date increase.