Polymarket launches 15-minute ‘Up or Down’ contracts for the price of gold, plans to add stock and forex
Source: Fortune ·
The contracts resemble popular 15 minute Bitcoin contracts with the final price determined by data from Chainlink
From the source
Have you heard of “15-minute markets”? They are a novel type of prediction market that lets you wager whether the price of an asset like Bitcoin will go up or down in the next quarter hour. The offerings have proved surprisingly popular in the crypto realm, where these short duration bets have already accounted for $11 billion in trading volume on Polymarket. Now, the platform is expanding its 15 minute markets to other categories of assets that include, starting today, the price of gold and silver. On Thursday, Polymarket’s data partner, Chainlink, announced that it would serve as the so-called oracle to determine the outcome of a given 15-minute wager on the price of gold and silver. Chainlink also announced that it will soon be supplying data for similar short duration contracts related to foreign exchange and stocks. “Fifteen-minute gold and silver markets are now live on Polymarket as it expands its offerings beyond crypto and into the world’s most widely traded assets across…