Chainlink Partners with Polymarket to Launch 15-Minute Markets

The collaboration introduces rapid prediction markets on the Polymarket platform, leveraging Chainlink’s data oracle technology for faster real-time updates.

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Summary

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Terms & Concepts
  • Data oracle: A blockchain service that connects smart contracts (self-executing blockchain code) with external data sources to provide real-world information.
  • Prediction market: A decentralized platform where users can trade contracts tied to the outcomes of real-world events.
  • Chainlink: A decentralized network providing reliable off-chain data to smart contracts (self-executing blockchain code).