Polymarket Integrates Chainlink for Automated Settlement of Price Bets

Polymarket, a major prediction market platform, is partnering with Chainlink to enhance bet resolution.
The integration will use Chainlink's on-chain data to automatically settle asset-price-related markets, reducing delays and tampering risks.
This system is now live on Polygon and initially targets crypto asset prices, with plans to apply it to more subjective markets in the future.
Previously, Polymarket used UMA’s optimistic oracle system, which led to controversies and governance attacks affecting market outcomes.
Chainlink's solution includes timestamped price feeds and automated settlement tools, enabling immediate market resolution upon expiry.
Future expansions may include broader applications of Chainlink data beyond asset prices; however, subjective markets pose challenges.