Polkamarkets Announced The Deployment Of The Multi-Chain Prediction Market Protocol

Polkamarkets announce the deployment of the multi-chain Multi-chain Market Protocol (Moonriver + Moonbeam)

Why multi-chain?

Multi-chain capability on prediction markets allows a wider range of users and communities to predict the future and forecast events. Our goal is to build the best forecasting tool for use-cases such as crypto-markets, real-world event outcomes, sports, and more. The more chains and communities that those chains represent that are able to use the Polkamarkets Protocol with their native assets, the more adoption and use for prediction markets grow.

Users on both Moonbeam and Moonriver are now able to use native assets to use the Polkamarkets Protocol, without having to bridge first. This is a critical step towards lowering the barrier to entry for prediction markets use. The future roadmap for the Polkamarkets Protocol includes the support of additional chains as development rolls on, in a multi-chain paradigm.

The Polkamarkets Protocol is now available on the most used EVMs for both Kusama (Moonriver) and Polkadot (Moonbeam) relayers.

About Moonbeam Network

Moonbeam is an Ethereum-compatible smart contract platform on the Polkadot network that makes it easy to build natively interoperable applications. This Ethereum compatibility allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonbeam with minimal changes. As a parachain on the Polkadot network, Moonbeam will benefit from the shared security of the Polkadot relay chain and integrations with other chains that are connected to Polkadot.

About Polkamarkets

Polkamarkets is an Autonomous Prediction Market Protocol built for multi-chain information exchange and trading where users take positions on outcomes of real-world events–in decentralized and interoperable EVMs.

➡️Source:
https://polkamarkets.medium.com/announcing-multi-chain-market-protocol-c8df4a03e601