Kalshi Taps Pyth Network to Power Commodities Expansion with Real-Time Data

Prediction market Kalshi has selected Pyth Network as its resolution-data provider for its new Commodities Hub.

This means Kalshi will be using real-time pricing to support event contracts linked to gold, oil, grains and metals, etc. The oracle network said its first-party data model aggregates prices from firms trading the underlying assets.

Related: Tether Buys Into Bitcoin Lending Play With 8.2% Antalpha Stake

Commodity Market Expansion

Kalshi launched the Commodities Hub on April 15 as a dedicated section for contracts tied to physical markets. 

The company said the hub gives users and institutions 24/7 access, including weekends, when traditional commodities exchanges are closed, but geopolitical and macroeconomic events can still move prices.

It basically expanded commodities to include natural gas, coffee, copper, sugar, corn, soybeans, wheat, nickel, diesel and lithium alongside earlier WTI oil, Brent oil, gold and silver contracts. 

It’s the same as other (event) contracts, so users just trade outcomes such as whether a commodity price finishes above or below a specified threshold.

The company’s public contract terms describe settlement around commodity price conditions, fixing processes and time-weighted price references. That structure makes the quality of reference data central to market integrity, especially when contracts are active outside normal exchange windows.

John Wang, Head of Crypto at Kalshi, stated that Kalshi’s markets need fast, institutional-grade data as the exchange deepens its liquid commodities offerings. 

As the exchange deepens our offerings in liquid commodities, it’s important that Kalshi’s markets are backed by fast, institutional-grade data. Pyth’s price feeds are both granular and easy to consume, complementing Kalshi’s mission to make these markets accessible to a broader set of retail and institutional participants. It’s been great working with a team willing to meet our infrastructure needs.

John Wang, Head of Crypto at Kalshi

The team at Pyth believes the integration will allow Kalshi to move deeper into traditional assets, mostly thanks to Pyth Pro, which can provide direct data access to the platform’s market makers and support reliable settlement for markets that do not follow a 9-to-5 trading schedule.

Related: Pokemon Card Market Nears $5.38M Weekly High as RWAs Mature

The post Kalshi Taps Pyth Network to Power Commodities Expansion with Real-Time Data appeared first on Crypto News Australia.