The post This is How Chainlink and Polymarket Could Change Crypto Bets appeared on BitcoinEthereumNews.com. Chainlink and Polymarket announced a partnership, aiming to use decentralized oracle technology to quickly resolve bets on-chain. These measures can make bet resolutions faster and more reliable. The two firms are also interested in applying this technology for more subjective bets, as Chainlink’s oracles specialize in concrete data like asset prices. Ideally, Polymarket could reduce resolution risks in all categories. Polymarket and Chainlink Join Forces Chainlink, a major blockchain infrastructure firm, has been making huge partnerships lately, attempting to target China’s RWA market and securing a large contract with the US government. Sponsored Sponsored Today’s announcement is slightly less grandiose, but still significant: Chainlink is partnering up with Polymarket. According to the firm’s press release, Chainlink is aiming to help Polymarket’s speed and accuracy. The company will employ its decentralized oracle networks to automatically settle asset price-related markets to reduce latency and tampering risks. This should allow many bet categories to resolve on-chain almost instantaneously. For now, it only applies to prediction markets covered by Chainlink Data Streams, ie, token prices, but this could change in the future. Potential for Growth Specifically, Chainlink mentioned exploring this technology for some of Polymarket’s more subjective betting categories, but it didn’t make any firm commitments. Still, many of the platform’s largest recent bets have involved events like celebrity gossip and sports outcomes. It’d be ideal to reduce reliance on social voting mechanisms for these markets, especially if they’re going to become a significant portion of the firm’s total volume. Kalshi, for its part, is already planning to make sports betting a major revenue stream, so the competition is bending in that direction. Chainlink added that this Polymarket update is already live on Polygon mainnet, enabling users to create “robust prediction markets around… hundreds of crypto trading pairs.” If these solutions prove popular with… The post This is How Chainlink and Polymarket Could Change Crypto Bets appeared on BitcoinEthereumNews.com. Chainlink and Polymarket announced a partnership, aiming to use decentralized oracle technology to quickly resolve bets on-chain. These measures can make bet resolutions faster and more reliable. The two firms are also interested in applying this technology for more subjective bets, as Chainlink’s oracles specialize in concrete data like asset prices. Ideally, Polymarket could reduce resolution risks in all categories. Polymarket and Chainlink Join Forces Chainlink, a major blockchain infrastructure firm, has been making huge partnerships lately, attempting to target China’s RWA market and securing a large contract with the US government. Sponsored Sponsored Today’s announcement is slightly less grandiose, but still significant: Chainlink is partnering up with Polymarket. According to the firm’s press release, Chainlink is aiming to help Polymarket’s speed and accuracy. The company will employ its decentralized oracle networks to automatically settle asset price-related markets to reduce latency and tampering risks. This should allow many bet categories to resolve on-chain almost instantaneously. For now, it only applies to prediction markets covered by Chainlink Data Streams, ie, token prices, but this could change in the future. Potential for Growth Specifically, Chainlink mentioned exploring this technology for some of Polymarket’s more subjective betting categories, but it didn’t make any firm commitments. Still, many of the platform’s largest recent bets have involved events like celebrity gossip and sports outcomes. It’d be ideal to reduce reliance on social voting mechanisms for these markets, especially if they’re going to become a significant portion of the firm’s total volume. Kalshi, for its part, is already planning to make sports betting a major revenue stream, so the competition is bending in that direction. Chainlink added that this Polymarket update is already live on Polygon mainnet, enabling users to create “robust prediction markets around… hundreds of crypto trading pairs.” If these solutions prove popular with…

                                                                               Lawmakers in the US House of Representatives and Senate met with cryptocurrency industry leaders in three separate roundtable events this week.                     Members of the US Congress met with key figures in the cryptocurrency industry to discuss issues and potential laws related to the establishment of a strategic Bitcoin reserve and a market structure.On Tuesday, a group of lawmakers that included Alaska Representative Nick Begich and Ohio Senator Bernie Moreno met with Strategy co-founder Michael Saylor and others in a roundtable event regarding the BITCOIN Act, a bill to establish a strategic Bitcoin (BTC) reserve. The discussion was hosted by the advocacy organization Digital Chamber and its affiliates, the Digital Power Network and Bitcoin Treasury Council.“Legislators and the executives at yesterday’s roundtable agree, there is a need [for] a Strategic Bitcoin Reserve law to ensure its longevity for America’s financial future,” Hailey Miller, director of government affairs and public policy at Digital Power Network, told Cointelegraph. “Most attendees are looking for next steps, which may mean including the SBR within the broader policy frameworks already advancing.“Read more