The prediction market platform Myriad has disclosed that it has selected Chainlink as the exclusive oracle infrastructure for the 2026 FIFA World Cup markets, enabling automated outcome determination and settlement. The platform stated that this arrangement will build upon its existing Chainlink Runtime Environment (CRE) integration and accelerate settlement for event markets to near real-time speeds.
The World Cup market has switched to automated settlement.
Myriad has previously used CRE to operate cryptocurrency price markets. Under the latest arrangement, World Cup-related markets will also be handled by this system for result verification and settlement. The company states that this will replace manual settlement processes still used by some prediction platforms, reducing user waiting times.
Ilan Hazan, Co-founder and Chief Operating Officer of Myriad, said that during major sporting events, users place greater emphasis on whether results are confirmed promptly and payments are processed smoothly. William Reilly, Head of Strategic Projects at Chainlink Labs, also noted that the auditability of on-chain oracles helps reduce disputes over outcomes.
The platform is simultaneously launching a $100,000 competition.
In conjunction with the World Cup market, Myriad has launched a trading competition with a total prize pool of $100,000. According to the disclosure, the top three traders will receive rewards of $20,000, $10,000, and $5,000 respectively, while the remaining participants on the leaderboard will share a $10,000 prize pool.
In addition, market makers can participate in reward distributions on a weekly basis. The platform states that a $5,000 market-making trading volume reward pool will be set aside each week during the competition, with the leaderboard resetting weekly.
- The top three prizes are $20,000, $10,000, and $5,000, respectively.
- The remaining participants on the leaderboard will share a total of $10,000.
- An additional $5,000 market-making reward pool is set aside each week.
Simultaneously advancing funding and on-chain expansion
Prior to the announcement of this partnership, Myriad completed a seed funding round it described as "milestone." Disclosed investors include MoonPay Ventures, Auros, EVG, Verda Ventures, and Fundstrat co-founder Tom Lee. Earlier investors also include ConsenSys and HashKey Capital.
Around the time Myriad disclosed its funding in March, it launched on BNB Chain and introduced an automated market centered around short-term events. The platform stated that its current goal is to further develop Myriad into a protocolized product, with the World Cup betting market serving as a test for reaching a broader user base.
Additional information: The original text disclosed that Myriad is owned by Dastan, the parent company of Decrypt.