Polymarket launches cryptocurrency "15-Minute Guess Rise or Fall" prediction market, supported by chainlink technology

Prediction market platform Polymarket announced on October 21st the launch of a cryptocurrency prediction service called "15-Minute Guess Rise or Fall," which is powered by the decentralized Oracle Machine network chainlink.

Currently, this service only supports price predictions for the two mainstream cryptocurrencies Bitcoin and Ether, allowing users to bet on the short-term price movements of these assets within each 15-minute cycle.

chainlink's Oracle Machine service provides the essential infrastructure for this ultra-short-term prediction market. Its low latency, timestamped, and verifiable data streams ensure the accuracy of price data and the reliability of settlements.

This technological integration not only reduces the risk of market manipulation but also enhances the credibility of prediction results. However, the current support for only two cryptocurrencies also highlights limitations in asset coverage.

This innovative move marks further exploration by Polymarket into the form of prediction market products. By compressing the prediction cycle to 15 minutes, the platform clearly targets users with a strong speculative demand for high-frequency price fluctuations.

However, this ultra-short cycle prediction mode, due to its strong speculative nature, may blur the lines between prediction markets and financial derivatives or gambling, which could lead to stricter scrutiny from global regulators.

In summary, Polymarket expands the scene of cryptocurrency prediction markets through the "15-Minute Guess Rise or Fall" feature. Although supported by chainlink's technology to improve data reliability, the speculative and compliance uncertainties brought by the ultra-short-term mode remain core challenges that need to be balanced in its future development.

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