The prediction market platform Myriad has announced that it will utilize Chainlink (LINK) as the exclusive oracle for its prediction markets tied to the 2026 FIFA World Cup, where a substantial $100,000 contest is currently underway.
This strategic partnership means that Chainlink’s technology will automatically manage the resolution and settlement of match outcomes for the tournament, which includes 48 teams competing across Canada, Mexico, and the United States. Myriad aims to enhance user experience by implementing the Chainlink Runtime Environment (CRE), a system that has already proven effective for settling crypto price markets. The aim of this integration is to eliminate the delays and potential inaccuracies associated with manual settlement processes, which can lead to disputes and frustrations among users.
To provide real-time match results, Myriad is collaborating with the sports data firm 55 Tech. This partnership is expected to support the accuracy and reliability of match data fed into Myriad’s prediction markets.
In addition to the backend enhancements, Myriad is hosting a trading competition with prize distributions that incentivize user participation. The top trader in this competition will receive $20,000, while second and third places will be awarded $10,000 and $5,000, respectively. The remaining $10,000 prize will be shared among other contenders on the leaderboard, and top market makers can earn from a separate $5,000 weekly pool, with standings resetting every seven days.
Ilan Hazan, co-founder and COO of Myriad, highlighted the importance of rapid settlement processes during such a high-profile global event like the World Cup, suggesting that these improvements could transform first-time users into long-term participants in the platform.
William Reilly, the head of strategic initiatives at Chainlink Labs, emphasized the importance of reliable and tamper-proof data in reducing disputes and providing a seamless experience for fans worldwide. The integration of oracles is crucial in bringing real-world outcomes to blockchain platforms, where smart contracts facilitate betting settlements without intermediary involvement. With the stakes high, accurate data feeds are essential for maintaining trust in the betting process.
Prediction markets, which allow users to trade shares on the outcome of future events, have seen impressive growth in recent years, with platforms like Polymarket and Kalshi reaching multi-billion-dollar valuations. The announcement of the partnership caps off a significant period for Myriad, following a successful seed funding round in March that included backing from industry leaders such as MoonPay Ventures and Fundstrat’s Tom Lee, as well as earlier investors like ConsenSys and HashKey Capital. This funding will support Myriad’s ongoing expansion and its ambition to solidify its place as a leading protocol in the prediction market space.
