Polymarket has partnered with oracle provider Pyth Network to launch traditional asset markets on its platform. According to an Apr.
The prediction market is introducing price-based contracts tied to stocks and commodities, using Pyth data feeds as the "resolution source" to automatically settle outcomes.
Polymarket has integrated Pyth Network as the resolution source for a new category of traditional asset markets on its prediction platform, giving traders a data-backed way to speculate on U.S. equities, commodities, and exchange-traded funds (ETFs). Pyth Terminal Goes Live as Polymarket Adds Daily Close Markets for U.S.
Polymarket leverages Pyth's oracle for precise pricing in prediction markets, enhancing asset trading with verified data integration. Polymarket taps Pyth to power stock, commodity, and index prediction markets.
Polymarket integrated Pyth Pro as a real-time data source for its new traditional asset markets, including gold, silver, and stock indices. Pyth Pro sources prices directly from firms like Jump Trading, Jane Street, and Cboe, and has supported over $2.7 trillion in transaction volume.
The decentralized prediction market platform Polymarket has ventured into traditional financial markets through a strategic partnership with Pyth Network. This collaboration enables daily trading markets covering stocks, commodities, and financial indices powered by Pyth's oracle infrastructure.
Polymarket has integrated Pyth Network to resolve daily markets on gold, crude, and more than a dozen U.S. equities.