Kalshi Selects Pyth to Set Prices for Commodities Trades
Cointelegraph
Kalshi has partnered with Pyth Network to use its decentralized oracle data for settling commodity-linked event contracts on its platform.Summary
Kalshi has selected Pyth Network as the official data resolution source for its commodities hub, which facilitates trading in assets like gold, oil, and agricultural products. By integrating Pyth’s real-time, tamper-resistant price feeds, Kalshi aims to ensure fair and accurate settlement for its event contracts. This partnership highlights the increasing necessity for robust decentralized oracle infrastructure as prediction markets expand into complex financial assets. Meanwhile, Kalshi continues to navigate regulatory challenges regarding its federal status as a designated contract market under the US Commodity Futures Trading Commission.
(Source：Cointelegraph)