Polymarket brings quarter-hour price bets to gold and silver
The new up-or-down contracts resolve on whether gold or silver closes each rolling 15-minute window above or below its opening level, using Chainlink Data Streams pricing. The firms say Chainlink has already settled more than 11 billion dollars in volume across Polymarket's 5- and 15-minute crypto markets, with more commodities, equities and foreign exchange to follow.
Polymarket has introduced 15-minute gold and silver contracts, extending its fast markets beyond crypto for the first time, according to Blockchain Reporter.
The launch gives prediction-market participants up-or-down contracts tied to short-term moves in the two metals, with Chainlink Data Streams supplying the pricing used for resolution.
How the contracts resolve
Each contract covers a rolling 15-minute window. The outcome depends on whether gold or silver ends that interval above or below its opening level, according to Blockchain Reporter.
The structure makes the opening and closing price comparison central to settlement, rather than the metal’s direction over a full trading day.
Expansion beyond crypto
The firms say Chainlink has already settled more than 11 billion dollars in volume across Polymarket’s 5- and 15-minute crypto markets, according to Blockchain Reporter. That figure describes the existing crypto markets, not activity in the new metals contracts.
The firms also say more commodities, equities and foreign exchange will follow, broadening the planned range of underlying assets for these markets.
What it means for prediction markets
- A new asset category: Gold and silver mark Polymarket’s first fast contracts outside crypto.
- A defined resolution benchmark: Outcomes depend on Chainlink Data Streams pricing at the start and end of each rolling 15-minute window.
- Scale claims need context: The more than 11 billion dollars in settled volume relates to the crypto markets; the provided material gives no volume figure for gold or silver.
- Further expansion remains ahead: Additional commodities, equities and foreign exchange are planned, but the provided material includes no launch dates.
Sources & attribution
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- Blockchain Reporter
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