Kalshi Taps Pyth Network To Settle Bets On Gold, Oil, Wheat And More

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Kalshi has selected Pyth Network (CRYPTO: PYTH) as the resolution source for its Commodities Hub, a dedicated section for 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, the network’s institutional data tier, will provide direct feeds to Kalshi’s market makers, according to a press release.

The Commodities Hub on Kalshi covers event contracts across physical markets.

Second Major Prediction Market To Pick Pyth In Three Weeks

The Kalshi deal follows Polymarket’s April 2 integration with Pyth to resolve new daily up-or-down and closing-price contracts on major equity indices, commodities, and more than a dozen U.S. stocks. That list includes Tesla Inc (NASDAQ:TSLA), Coinbase Global (NASDAQ:COIN), Palantir Technologies

Full story available on Benzinga.com

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