Pyth Network Partners with Kalshi to Enhance Commodities Trading with Blockchain Data
Here's what it means for you.
This partnership could revolutionize commodities trading by integrating real-time blockchain data for enhanced efficiency.
What happened
Pyth Network has expanded its partnership with Kalshi to provide pricing data for commodities markets, enabling Kalshi to utilize Pyth's data for trade settlements on its new commodities hub.
The Context
- Kalshi is a CFTC-regulated prediction market.
- Pyth Network serves as an oracle provider for real-time pricing data.
- The partnership focuses on commodities such as oil, gold, and agricultural products.
Takeaway
This partnership could pave the way for more integrated and efficient trading in the commodities sector.
Research, news, and analysis on blockchain startups, DeFi, and regulations.
"Crypto Briefing provides research, news, and analysis on blockchain startups, DeFi, and crypto regulations with investor-focused coverage."
— A47 Editor
Pyth expands Kalshi partnership to power new commodities markets
Pyth Network has expanded its partnership with Kalshi to enhance its commodities markets by providing price data for essential resources such as gold, oil, gas, and grains. This collaboration aims to utilize first-party pricing to facilitate contract...
Covers blockchain, cryptocurrency news, project analysis, and market insights.
"Cointelegraph is a leading crypto-focused media outlet known for timely news, analysis, and educational content related to blockchain and digital assets."
— A47 Editor
Pyth Network to determine outcomes in Kalshi’s commodities expansion
Pyth Network will provide pricing data to Kalshi, a prediction market platform, to facilitate the settlement of trades in its newly launched commodities markets, which include oil, gold, and crops. This partnership marks a significant step in Kalshi'...
Real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors.
"Crypto News delivers real-time updates, analysis, and reports on the blockchain and cryptocurrency sectors."
— A47 Editor
Pyth plugs into Kalshi’s new commodities hub as oracle backbone
Pyth Network has integrated its oracle and Pyth Pro feeds into Kalshi's newly launched commodities hub, which is regulated by the CFTC. This partnership enables the use of first-party prices to settle contracts related to gold, oil, gas, and grain, m...