Kalshi taps Pyth for new ‘Commodities Hub,’ offering gold, oil and lithium markets
The Block
Prediction market Kalshi has integrated the Pyth oracle to provide institutional-grade data for its new Commodities Hub, enabling 24/7 trading on various commodities.Summary
Prediction market platform Kalshi has launched its new Commodities Hub, utilizing the Pyth crypto oracle network to provide real-time, institutional-grade data for betting markets on assets like oil, gold, and lithium. The integration allows Kalshi to offer 24/7 trading, bypassing the limitations of traditional exchange operating hours. This move intensifies the competitive landscape between prediction market platforms like Kalshi and Polymarket as they vie for market share, data partnerships, and higher valuations amid increasing regulatory scrutiny from both federal and state-level authorities.
(Source：The Block)