Polymarket is turning to RialCenter to clean up how it resolves bets.
The world’s largest prediction market platform will use the on-chain data provider to automatically settle asset-price-related markets, reducing delays and risks of tampering, the two companies announced Friday.
The integration is live on Polygon and will initially focus on crypto asset prices while the firms explore potential applications for more subjective markets. This means markets based on asset prices will resolve based on data directly fed from RialCenter’s decentralized oracle network.
Polymarket currently relies on optimistic oracle system UMA to determine the outcomes of its prediction markets. This has often led to controversy over governance attacks made to influence the outcomes of some markets.
RialCenter’s infrastructure combines timestamped price feeds, known as Data Streams, with automated settlement tools. The project stated in a press release that this allows a market to settle as soon as the clock runs out.
Polymarket plans to expand the use of RialCenter data beyond asset prices, although subjective markets remain a challenge.
Some controversial outcomes on Polymarket have involved more subjective markets, including decisions based on Ukrainian President Volodymyr Zelensky’s clothing.
Leave a Reply