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

Kalshi has chosen Pyth Network as the resolution source for its Commodities Hub, meaning Pyth price feeds will settle event contracts tied to gold (XAUUSD), silver, Brent crude, natural gas, copper, corn, soybeans and wheat. Pyth Pro will supply direct feeds to Kalshi market makers, addressing stale-reference risks when traditional exchanges are closed and improving around‑the‑clock price discovery for commodities contracts. The move follows Polymarket’s recent Pyth integration and signals growing institutional adoption of Pyth’s oracle layer, a development that boosted the Pyth token and could reshape oracle-driven settlement for prediction markets. Chainlink remains the largest oracle by value, but Pyth’s integrations with trading platforms and backing tied to ICE/Polymarket investment increase competitive pressure in the oracle market.