Polymarket has partnered with Pyth Network to introduce traditional asset markets on its platform, expanding beyond crypto-native offerings.
New stock and commodity-linked markets
The collaboration brings a range of equity, commodity, and index-linked contracts to Polymarket. These include daily “up or down” bets and closing price contracts for major stock indices, U.S.-listed equities, and commodities like gold and oil. Each market resets at the end of the trading session, enabling short-term directional trading.
Pyth powers real-time settlement
Pyth Network will serve as the resolution layer for these contracts by providing real-time price feeds aggregated from trading firms and market makers. This replaces manual settlement methods with a standardized, on-chain data source.
Alongside this rollout, Pyth has also launched Pyth Terminal, a new interface that allows users to monitor live price feeds and track the reference data used to settle Polymarket contracts.
Growing role of oracle networks
Oracle solutions like Pyth play a key role in bringing off-chain data—such as asset prices, forex rates, and commodities—onto blockchain networks. Their adoption continues to grow across decentralized finance, prediction markets, and tokenized asset platforms.
Market reaction and expansion
Following the announcement, the PYTH token surged over 70%, pushing its market capitalization beyond $1 billion.
The launch also comes amid Polymarket’s rapid expansion. Recently, the platform secured a $600 million investment from Intercontinental Exchange, the parent company of the New York Stock Exchange, and acquired DeFi infrastructure startup Brahma, further strengthening its position in the prediction market space.
