Polymarket taps Pyth to power stock, commodity, and index prediction markets
Polymarket has partnered with Pyth to power its stock, commodity, and index prediction markets, using Pyth's price data to resolve new markets. The integration provides users with a clearer and more transparent source of truth for high-stakes financial markets, and comes as Polymarket draws heavier institutional backing and a richer valuation conversation.
Polymarket has integrated Pyth Network to resolve new markets tied to equities, commodities, and indices. The rollout includes daily direction and closing price markets for major equity indices, gold, silver, and US-listed stocks. Pyth's data comes from first-party contributors actively trading the underlying assets. The partnership provides a clearer source of truth for financial markets. Polymarket has drawn institutional backing, including a $600 million investment from Intercontinental Exchange. The company's valuation conversation has also increased, with some reports valuing it at roughly $20 billion.
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