Myriad Taps Chainlink to Power FIFA World Cup Prediction Markets

Myriad Taps Chainlink to Power FIFA World Cup Prediction Markets

Source: Decrypt

Published:13:01 UTC

BTC Price:$61517.5

#Chainlink #LINK #Oracles

Analysis

Price Impact

Low

This news primarily benefits myriad, a prediction market platform, and its integration with chainlink's oracle services. while chainlink is a significant player, the direct impact on link's price is likely to be marginal as it's an infrastructure play for a specific use case rather than a direct demand driver for link tokens.

Trustworthiness

High

Price Direction

Neutral

The announcement focuses on a product integration and market development for myriad. it does not directly involve any tokenomics changes or significant utility increases for the link token itself that would strongly influence its price in either direction.

Time Effect

Long

The integration is for the 2026 fifa world cup, indicating a long-term adoption and use case for chainlink's infrastructure. the effects on chainlink's adoption and potential future revenue from this partnership will unfold over the coming years.

Original Article:

Article Content:

In brief Prediction market Myriad will use Chainlink as the exclusive oracle infrastructure behind its 2026 FIFA World Cup match markets. The integration extends Myriad's existing use of the Chainlink Runtime Environment, which already powers its crypto price markets. Myriad recently completed a “milestone” funding round with backers including MoonPay Ventures, Auros, EVG, Verda Ventures, and Fundstrat co-founder Tom Lee. Prediction market platform Myriad has adopted Chainlink as the “exclusive oracle infrastructure” behind its prediction markets for the 2026 FIFA World Cup matches, automating how those markets are resolved and settled. The move builds on Myriad's existing use of the Chainlink Runtime Environment, or CRE, which the platform already uses to run crypto price markets. CRE will handle market resolution and settlement for the tournament, a process the firms say is intended to replace the slower, manual settlement methods used on some prediction platforms. "The World Cup is the biggest stage in sport, and it's exactly the kind of moment Myriad was built for," said Myriad co-founder and COO Ilan Hazan, adding that, “Traders want outcomes they can trust, the moment the whistle blows.” He explained that the platform’s integration with Chainlink will enable near-instant market settlement and payment to users, giving Myriad the reliability to “turn first-time users into long-term ones" during the high-profile global sporting event. "By adopting Chainlink, Myriad enables its prediction markets for the 2026 FIFA World Cup to deliver users accurate resolutions, high-speed settlement, and instant payouts," William Reilly, Head of Strategic Initiatives at Chainlink Labs, said in a statement. He added that tamper-proof auditability of Chainlink’s blockchain-powered oracles will help Myriad "reduce resolution disputes" as it serves soccer fans worldwide. Myriad is also running a $100,000 trading competition on World Cup markets, with the top three traders receiving $20,000, $10,000 and $5,000 respectively, and $10,000 in prizes split among the rest of the leaderboard. Top makers draw on a weekly pool of $5,000 a week in maker volume rewards throughout the contest, with the leaderboard reset each week. Prediction markets let users buy and sell shares tied to the outcome of future events, with prices that move between $0 and $1 to reflect the implied odds. The sector has expanded rapidly over the past two years, with platforms such as Polymarket and Kalshi drawing multi-billion-dollar valuations. The World Cup markets follow a busy stretch for Myriad. In March, the platform closed a “milestone” seed funding round with backers including MoonPay Ventures, Auros, EVG, Verda Ventures, and Fundstrat co-founder Tom Lee, alongside earlier investors such as ConsenSys and HashKey Capital. The raise followed Myriad’s launch on BNB Chain , alongside automated markets based around short timeframes, as it builds towards its goal of “embedding Myriad as a protocol.” Disclosure Myriad is owned by Decrypt’s parent company Dastan. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!