Polymarket has introduced a new “Up or Down” Bitcoin prediction market, allowing users to speculate on short term BTC price direction in a simplified binary format.
The market resolves using the Chainlink BTC/USD data stream, with the “Up” outcome winning if the final price is greater than or equal to the starting price at resolution time.
Analysts say the launch lowers complexity for participants while reinforcing the growing role of onchain oracles in securing market integrity. It also highlights the increasing convergence between prediction markets, real time data feeds, and crypto trading ecosystems.
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