Kalshi Taps Pyth Network To Settle Bets On Gold, Oil, Wheat And More
Kalshi has partnered with Pyth Network to settle bets on commodities like gold, oil, and wheat through its Commodities Hub. This follows Polymarket's integration with Pyth on April 2 to resolve contracts on equity indices, commodities, and US stocks.
Kalshi has selected Pyth Network as the resolution source for its Commodities Hub, which covers event contracts tied to gold, silver, Brent crude, natural gas, copper, corn, soybeans, and wheat. Pyth price data will power contract resolutions, and Pyth Pro will provide direct feeds to Kalshi's market makers. Both Kalshi and Polymarket now resolve contracts through the same data layer. Kalshi and Polymarket were reportedly valued at $22 billion and $15 billion respectively as of mid-March. Pyth aggregates price data from over 125 institutions and updates every few hundred milliseconds. Intercontinental Exchange, the parent of the New York Stock Exchange, has committed up to $2 billion to Polymarket.
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