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Polymarket expands into equities and commodities with Pyth price feeds

The Cointelegraph β€‹

Cryptocoins News / The Cointelegraph β€‹ 112 Views

Polymarket expands into equities and commodities with Pyth price feeds

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 added markets tied to equities, commodities and exchange-traded funds, using price data from blockchain oracle provider Pyth Network as the resolution source to determine outcomes for daily contracts.

The new markets include daily up-or-down and closing price contracts for major equity indexes, commodities such as gold and oil, and a range of US-listed stocks, with outcomes settled automatically based on Pyth’s real-time price feeds. The contracts reset at the end of each trading session.

According to the announcement, the offering includes more than a dozen US-listed stocks, including Tesla, Nvidia and Apple, alongside commodities and equity indices.

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