Polymarket is bringing its rapid-fire price bets to gold and silver, letting traders take a position on whether either metal will finish higher or lower over 15 minutes. The platform confirmed on October 30 that the new markets were live, with Chainlink supplying the price data used to settle them.
The expansion follows more than $11 billion in trading volume across Polymarket's existing five- and 15-minute crypto price markets, according to an announcement from Chainlink. That figure describes trading activity in those contracts. It isn't Polymarket revenue or money invested directly in gold and silver.
The companies outlined the expanded partnership in an October 29 release, followed by their launch posts the next day. Gold and silver are the first commodities named in the rollout, with more commodities, equities and foreign exchange planned to follow.
Neal Kumar, Polymarket's chief legal officer, said:
Chainlink gives us the reliable, high-speed data to launch new markets at scale, and gives our users the confidence that they will resolve accurately.
What a 15-minute gold bet actually buys
The contracts ask a narrow question about the price at the end of a particular window. A trader buys shares in either the "Up" or "Down" outcome, rather than taking delivery of bullion or buying a stake in a precious-metals fund.
The gold contract's published rules specify:
This market will resolve to "Up" if the Gold price at the end of the time range specified in the title is greater than or equal to the price at the beginning of that range. Otherwise, it will resolve to "Down".
The silver contract uses the same test. An unchanged price therefore counts as "Up," a detail that matters when the entire position turns on a small move over a short period.
Shares in the winning outcome pay $1 when the market resolves; losing shares are worth zero. A trader's profit depends on what they paid for the shares and any applicable charges, rather than the dollar amount by which gold or silver moved.
Chainlink supplies the deciding price
For gold, the resolution source is Chainlink's XAU/USD data stream. Silver uses its XAG/USD stream. The contract descriptions explicitly tell traders that these are the relevant prices, rather than quotes from another source or spot market.
That distinction can decide a close result. A price shown elsewhere won't necessarily be the number used to settle a Polymarket position. Each contract names the source and the time window before trading begins.
The partnership uses Chainlink Data Streams and the Chainlink Runtime Environment to support the markets. In plain terms, the infrastructure brings outside price information into the system that determines which outcome wins.
The announcement also says market makers and algorithmic traders can obtain the same fast-updating price feeds through self-service tools. That gives firms quoting prices access to the underlying feed, although it doesn't establish that every trader has the same speed, tools or trading costs.
More assets are coming, but trading has a schedule
The companies haven't given launch dates for the additional equity and foreign-exchange contracts. For now, the confirmed precious-metals products extend a format that has already attracted substantial trading in crypto.
The international site's 15-minute finance page showed no open gold or silver windows when checked after Friday's session. It lists a weekly schedule and a daily break, so the launch announcement should not be read as a promise that these particular contracts are continuously available throughout the weekend.
The platform also separates its international service from Polymarket US. Its site identifies the U.S. business as a CFTC-regulated designated contract market and says the international platform operates independently. Readers need to check the applicable platform and contract rules where they live.