Myriad has partnered with Chainlink to enhance its betting markets for the 2026 FIFA World Cup, aiming for efficient outcomes and quick payouts.
Myriad Partners with Chainlink for World Cup Betting
Myriad has announced its collaboration with Chainlink to serve as the exclusive oracle provider for its betting markets during the 2026 FIFA World Cup. This partnership aims to enhance the efficiency of market resolutions and settlements for betting activities associated with the tournament.
The integration builds on Myriad's existing use of the Chainlink Runtime Environment (CRE), which is already employed for cryptocurrency price markets. This technology will facilitate quicker and more reliable bet settlements, moving away from traditional manual processes that can delay outcomes.
Ilan Hazan, co-founder and COO of Myriad, highlighted the significance of the World Cup, stating, "The World Cup represents the pinnacle of sports, and it’s precisely the type of event Myriad was designed for." He noted that the partnership would enable fast settlements and payments, enhancing user experience and potentially converting first-time users into loyal participants.
William Reilly from Chainlink Labs emphasized that the integration would provide users with accurate resolutions and immediate payouts, while the blockchain-based oracles would reduce disputes in outcomes, catering to a global audience of soccer fans.
In conjunction with this announcement, Myriad is launching a $100,000 trading competition centered around World Cup betting, with prizes for the top three traders and additional rewards for participants based on trading volume.
Myriad's prediction markets allow users to trade shares based on future event outcomes, a sector that has seen substantial growth recently, with platforms like Polymarket and Kalshi reaching impressive valuations. This betting initiative follows a successful funding round for Myriad, with investors including MoonPay Ventures, Auros, and Fundstrat's Tom Lee, among others, further solidifying its position in the market.
