Oracle network Pyth Network has been selected as the resolution data source for Kalshi’s expansion into commodities markets. Kalshi announced Pyth will supply real-time pricing data for its new commodities hub, which launched in April, to settle event contracts tied to commodity prices.
This move highlights the increasing need for reliable pricing infrastructure in event-based and commodities trading. Pyth's price feeds will serve as the source of truth for determining contract outcomes on Kalshi's platform, which allows trading of contracts linked to physical assets like gold, silver, oil, and agricultural products.
Kalshi, regulated by the US Commodity Futures Trading Commission, faces regulatory scrutiny from state regulators who have questioned certain contracts. However, federal support is growing, with the DOJ and CFTC recently seeking to block state gambling law enforcement against Kalshi's contracts.