MIKE
PYTH
Kalshi has selected Pyth Network to supply settlement data for its Commodities Hub. The integration covers metals, energy, and agriculture markets, including gold, oil, and soybeans. The move ensures continuous price data for event contracts, addressing gaps from traditional exchange trading hours.
The Commodities Hub enables users to trade binary outcome contracts tied to commodity price thresholds. Participants predict whether assets close above or below preset levels. Notably, Pyth’s feeds will determine contract outcomes across gold, silver, Brent crude, natural gas, copper, corn, soybeans, and wheat.
Meanwhile, Pyth aggregates pricing from over 125 financial institutions, including trading firms and liquidity providers. This data flows continuously without interruption. As a result, Kalshi gains consistent pricing coverage across markets that often close overnight or during weekends.
The partnership builds on an earlier integration from October 2025. At that time, Kalshi distributed regulated event market data onchain using Pyth infrastructure. That rollout covered politics, macro policy, sports, and cultural events across more than 100 blockchains.
Kalshi’s crypto division head, John Wang, said the platform required fast and reliable data systems. He noted that both retail traders and institutions rely on consistent pricing. Similarly, Mike Cahill of Douro Labs highlighted how commodity prices react to geopolitical developments in real time.
However, traditional venues such as the Chicago Mercantile Exchange operate only during set business hours. In contrast, prediction platforms continue trading without interruption. This difference increases demand for always-available pricing data.
Kalshi operates under the U.S. Commodity Futures Trading Commission as a designated contract market. This federal status allows it to offer derivatives trading. However, state regulators argue some contracts resemble gambling products.
According to reports, the Department of Justice and the CFTC asked a federal court to block Arizona from enforcing gambling laws against Kalshi. At the same time, lawmakers including Adam Schiff and John Curtis introduced legislation targeting prediction markets tied to sports.
Elsewhere, international scrutiny continues to rise. Argentina has moved to block access to prediction platforms entirely.
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