Gate News message, April 23 — Prediction market platform Kalshi has selected Pyth, a crypto oracle protocol, as the data provider for its newly launched Commodities Hub, which offers event-based contracts on major commodities including oil, gold, and lithium.
Pyth serves as the data source for these markets, with dozens of active markets already live covering price movements in Brent crude oil, lithium, soybeans, and other commodities. Users can place binary options bets on whether prices will rise or fall across these assets.
Kalshi noted that commodity markets are increasingly driven by round-the-clock geopolitical events, and market participants need price discovery mechanisms even when traditional exchanges are closed.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
A Frenchman “manipulated” Paris weather sensors, earning $34,000 in Polymarket profits
According to disclosures by the crypto community account @aaronjmars on April 23 on the X platform, and subsequent reporting by Le Monde and BFMTV, a man allegedly tampered with the automated weather sensors at Paris Charles de Gaulle Airport (CDG) with portable heating devices on April 6 and April 15, respectively, generating cumulative profits of about $34k from weather betting markets on the prediction market platform Polymarket.
MarketWhisper8m ago
New York Governor Hochul signs an executive order restricting state government employees from “insider trading in prediction markets”
New York Governor Kathy Hochul signed an executive order on Wednesday, April 22, barring state officials and employees from using nonpublic information obtained through their positions to place bets in prediction markets, or from assisting any third party in engaging in the foregoing conduct. On the same day, prediction market platform Kalshi announced that it had completed an internal investigation into three political candidates who placed bets in their own campaign activities, and imposed fines and suspensions on them.
MarketWhisper19m ago
Jupiter Launches Prediction Market Telegram Bot with New Clans Feature
Jupiter launches Prediction Bot on Telegram with Clans, enabling team-based discussion and social competition for collaborative trading in the Telegram ecosystem.
GateNews38m ago
Kalshi: Three candidates illegally bet on their own campaigns, fined and barred for five years
According to a report by The New York Times on April 23, Kalshi, a prediction market platform, issued disciplinary actions to three political candidates who attempted to bet on their own election campaigns, and the relevant disciplinary action letters have been posted on Kalshi’s website. Bobby Deno, head of enforcement and legal counsel at Kalshi, said the sanctions are part of the platform’s “proactive engineering solution,” designed to identify trading activity that violates the platform’s recently updated rules.
MarketWhisper2h ago
S&P 500 and Nasdaq Hit Records as Iran Ceasefire Extended, Earnings Lift Stocks
Gate News message, April 22 — US stocks surged to record closes on April 22 as President Donald Trump announced an indefinite extension of the ceasefire with Iran, while strong first-quarter corporate earnings bolstered investor sentiment.
The S&P 500 gained 73.89 points (1.05%) to close at 7,137.9
GateNews10h ago
