Pyth Network to Provide Data for Kalshi's Commodities Prediction Markets

Pyth Network is a blockchain oracle that delivers institutional-grade market data onchain. Trading halts overnight and on weekends for U.S. stocks and commodities, making it difficult to support round-the-clock perpetual contracts, tokenized assets and derivatives on crypto platforms. Continuous indexes can provide independent reference prices when traditional markets are closed, reducing pricing distortions caused by reliance on a single exchange’s order book.

Pyth Network announced Pyth Indices on June 9, 2026, and formally launched them on June 10. The offering includes 24/7 single-asset indexes for U.S. stocks such as Nvidia and Tesla, as well as gold, silver, WTI crude and Brent crude. Coinbase, Kraken and dYdX have adopted the indexes, which were developed in partnership with VanEck-owned MarketVector Indexes. Financial terms were not disclosed.

Polymarket is a decentralized prediction market where users trade on the outcomes of real-world events, traditionally focusing on elections, sports and crypto assets. Its adoption of standardized price feeds aggregated by Pyth Network from trading firms and market makers marks an expansion into traditional financial assets. It also reduces the risk of settlement disputes arising from manual pricing or reliance on a single exchange.

On April 2, 2026, Polymarket added contracts covering daily price moves and closing prices for U.S. stocks, indexes, ETFs, gold and crude oil. The offering spans more than 12 U.S. stocks, including Tesla, Nvidia and Apple, with contracts settled automatically using real-time Pyth price feeds. A week earlier, New York Stock Exchange parent ICE had invested $600 million in Polymarket and planned to acquire up to an additional $40 million in shares.