What to Know
- Kalshi has integrated Pyth Network’s Pyth Pro to power real-time commodities data across its platform.
- The move enables 24/7 trading and settlement for assets like gold, oil, corn, and wheat, removing traditional market hour limits.
- The update comes as Kalshi reportedly prepares to expand into crypto perpetual futures.
Kalshi has taken a major step toward expanding its commodities offering by selecting Pyth Network’s Pyth Pro as the exclusive data layer for its new Commodities Hub. The move brings real-time pricing and round-the-clock market access to assets like gold, oil, and agricultural products.
The update means users on Kalshi can now trade event-based contracts linked to commodities such as gold, silver, Brent crude oil, corn, and wheat with continuous settlement, instead of being limited to traditional market hours.
A Shift to 24/7 Markets
Traditionally, commodities trading follows fixed hours tied to major exchanges. But Kalshi is changing that. By integrating Pyth Pro, the platform can now support 24/7 markets, allowing both retail and institutional users to participate at any time.
This is possible because Pyth Pro provides real-time data directly from major trading firms, exchanges, and market makers. Instead of relying on delayed or unclear price feeds, Kalshi now uses a system designed to reflect live global market activity.
“As the exchange deepens our offerings in liquid commodities, it’s important that Kalshi’s markets are backed by fast, institutional-grade data,” said John Wang, Head of Crypto at Kalshi. “Pyth’s price feeds are both granular and easy to consume, helping us make these markets accessible to more participants.”
Why Data Matters
Prediction markets depend heavily on accurate data. Every contract outcome is tied to a real-world price or event. If the data is wrong or delayed, the entire system can break down. Many platforms have struggled with this, often relying on third-party data sources that lack transparency. Pyth Pro aims to solve that problem by sourcing prices directly from institutions actively trading these assets.
“Contract resolution for 24/7 markets is incompatible with data designed for a 9-to-5 schedule,” said Mike Cahill, CEO of Douro Labs and a contributor to Pyth Network. “Kalshi’s Commodities Hub is exactly the kind of product Pyth was built for, offering a real-time view of global trading across markets.”
This setup is especially important for high-value markets like oil or gold, where even small price differences can have large financial impacts. Kalshi’s new Commodities Hub spans multiple sectors. Users can trade contracts tied to energy markets like oil and natural gas, metals like gold and copper, and agricultural goods such as corn, soybeans, and wheat.
Crypto Expansion Plans
This announcement follows closely behind another major development. Just a day earlier, reports revealed that Kalshi is preparing to enter crypto trading, including plans to launch perpetual futures. Perpetual futures are contracts that allow traders to bet on price movements without an expiry date. Kalshi is said to be exploring products tied to assets like Bitcoin while also leveraging its regulatory status under the Commodity Futures Trading Commission (CFTC).
Soon after this report appeared, Polymarket posted on X that ”perps are coming.” That message added to signs that major players in prediction markets are looking at the same trading category. Competition is also building outside the United States. Coinbase recently launched perpetual-style futures linked to equities for non-U.S. users. Kraken has also introduced tokenized stock perpetual futures for users outside the U.S.
Final Thoughts
Taken together, these developments show Kalshi is moving beyond its original focus on event-based prediction markets. The integration of Pyth Pro strengthens its infrastructure, while its reported crypto plans point to a broader ambition.
The company has already seen strong growth, with reports suggesting it reached a $22 billion valuation earlier this year. With new products across commodities and crypto, Kalshi is positioning itself at the center of a rapidly evolving trading landscape.
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