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Derivatives & Liquidations

Polymarket Launches 15-Minute Gold And Silver Markets

Polymarket has expanded its high-speed prediction markets beyond cryptocurrencies by introducing 15-minute gold and silver contracts using Chainlink data infrastructure.

Polymarket Launches 15-Minute Gold And Silver Markets
Image: BullishMarketCap

Polymarket has launched 15-minute gold and silver prediction markets through an expanded partnership with Chainlink, taking its short-duration price bets beyond cryptocurrencies. According to CryptoNews, Chainlink announced the integration in an Oct. 29 release, naming itself Polymarket's official oracle for high-speed up/down markets.

Expansion Beyond Crypto

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Gold and silver markets are currently live on the platform, with more commodities, equities, and foreign exchange products planned for future rollout. Chainlink reported over $11 billion in combined five- and 15-minute crypto-market trading volume under the existing arrangement, providing the baseline activity for the new metal offerings.

Neal Kumar, Polymarket's chief legal officer, stated that Chainlink 24/7 infrastructure allows traders to take positions across a growing range of equity, commodity, and FX markets around the clock. The pricing data is supplied using Chainlink Data Streams and the Chainlink Runtime Environment.

Settlement Mechanics

Polymarket’s resolution documentation specifies that its up/down markets utilize Chainlink time-weighted average price streams. The opening time-weighted price serves as the benchmark, and a final observation from the same stream at the end of the duration determines the outcome.

A final price equal to or above the opening benchmark resolves the market as "Up," while a lower final price produces a "Down" result. This mechanism operates separately from Polymarket's UMA-resolved markets, which involve a proposal-and-dispute procedure.

Key facts

  • Polymarket launched 15-minute gold and silver prediction markets.
  • Chainlink serves as Polymarket's official oracle for high-speed up/down markets.
  • Chainlink reported over $11 billion in combined five- and 15-minute crypto trading volume.
  • Pricing is delivered via Chainlink Data Streams and the Chainlink Runtime Environment.
  • Market makers have self-service access to the same low-latency Data Streams.
$GOLDChainlink#Polymarket#Chainlink#Gold

Source: crypto.news

This article is for information only and is not investment advice. BullishMarketCap news is produced with AI assistance from public sources and reviewed by our editors; see our editorial policy. Spotted an error? Tell us.

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