CFTC‑regulated prediction market Kalshi is wiring Pyth’s oracle and Pyth Pro feeds into its new commodities hub, using first‑party prices to settle gold, oil, gas, and grain event contracts.
Summary
- CFTC‑regulated prediction market Kalshi has selected Pyth as the contract settlement data source for its new commodities center.
- The integration covers gold, silver, Brent crude, natural gas, copper, corn, soybeans, and wheat, with Pyth Pro feeding direct market data to Kalshi’s market makers.
- Pyth and Kalshi frame the move as laying infrastructure for event contracts across commodities today, and indices, stocks, and FX next.
Pyth Network is extending its oracle footprint into the heart of regulated prediction markets, becoming the settlement data provider for Kalshi’s newly launched commodities hub.
Kalshi, which operates as a CFTC‑regulated event exchange in the US, said it has integrated Pyth as the reference price source for commodity‑linked contracts covering gold, silver, Brent crude oil, natural gas, copper, corn, soybeans, and wheat.
In an announcement, Kalshi said Pyth will “power settlement prices for our commodities center,” adding that the integration is meant to “support continuous trading and reliable settlement” for its event contracts tied to underlying commodity levels.
The platform’s new commodities hub expands existing oil and precious‑metals markets into a broader suite that now also includes agricultural products and base metals, offering traders yes/no contracts on questions like whether crude or wheat will breach specific price thresholds within a given time window.
Pyth, for its part, is using the deal to push deeper into institutional‑grade data services. Alongside the public oracle feeds, the project’s Pyth Pro product will provide direct market data access to Kalshi’s market makers, who need low‑latency pricing to quote tight markets and manage risk on fast‑moving commodities.
According to Pyth contributors, Pyth Pro is designed as a subscription layer delivering “institutional‑grade market data across cryptocurrencies, equities, fixed income, commodities, and foreign exchange,” built on first‑party price contributions from exchanges and market makers
The Kalshi integration will start with commodities but is expected to extend that model to additional asset classes, with Pyth saying it plans to expand coverage to indices, single‑name stocks, and FX pairs used in future Kalshi contracts.
The partnership also tightens the feedback loop between TradFi‑style event contracts and on‑chain infrastructure.
Pyth has pitched itself as “the largest first‑party financial data protocol,” with over 2,000 real‑time feeds spanning digital assets, equities, ETFs, FX, and commodities; Kalshi, as “the leading CFTC‑regulated event exchange,” now effectively becomes both a consumer of that data for settlement and a producer of event‑probability data that can itself be streamed onchain.
