Pyth just landed a bigger prediction-market gig

New deal, bigger stage

Kalshi just tapped Pyth Network to be the resolution source for its Commodities Hub, the part of the platform where people can trade event contracts tied to gold, silver, Brent crude, natural gas, copper, corn, soybeans and wheat. In plain English: Pyth’s price feeds will help decide who wins the bet.

Why that matters

This isn’t just trivia for prediction-market nerds. When contracts trade around the clock, the quality of the underlying price feed suddenly becomes the whole game. If oil spikes on a weekend headline and traditional exchanges are snoozing, an always-on oracle can make the difference between a clean settlement and a messy, stale-price headache.

Pyth wants the plumbing business

Pyth is basically trying to become the toll booth for financial data. The company says Pyth Pro will also feed Kalshi’s market makers, which gives the network another institutional touchpoint beyond just being a crypto-flavored oracle story.

And the timing isn’t random. Polymarket also integrated Pyth on April 2 for a wider set of prediction contracts, including names like Tesla, Coinbase, Palantir, Nvidia and Apple. So now two of the big prediction-market players are leaning on the same data layer. That’s not a moonshot by itself, but it is a pretty solid “we’re becoming infrastructure” flex.

Big picture: If prediction markets keep growing, the winners may not just be the bettors — it could be the picks-and-shovels providers making sure the bets actually settle.