#commodities hub

[rwatimes]

Kalshi Integrates Pyth Oracle to Expand Oil and Gold Prediction Markets - FinanceFeeds

Prediction market platform Kalshi has selected crypto oracle network Pyth as the resolution data provider for its newly launched Commodities Hub, extending

➤ Kalshi has integrated Pyth Oracle to provide data for its new Commodities Hub, expanding into oil, gold, and agricultural markets with simplified event-based contracts. ➤ The integration highlights the critical role of reliable, real-time oracle infrastructure for prediction markets, especially for price-sensitive assets like commodities. ➤ The expansion faces regulatory scrutiny from the CFTC and state-level regulators, creating uncertainty for platforms operating in this space.

[rwatimes]

Kalshi Selects Pyth for New Commodities Hub Markets

Kalshi taps Pyth as the resolution source for its new Commodities Hub, offering oil, gold, and lithium event markets.

➤ Kalshi has integrated Pyth Network as the data provider for its new Commodities Hub, offering event markets for gold, oil, lithium, and soybeans. ➤ Pyth will supply real-time institutional price feeds, crucial for the accuracy and reliability of these commodity-based prediction markets. ➤ The move highlights increasing competition in the prediction market space and ongoing regulatory scrutiny, while Pyth's native token saw a price increase.