Polymarket has expanded its prediction market offerings to include contracts tied to equities, commodities, and exchange-traded funds. The new daily contracts cover major equity indexes, commodities such as gold and oil, and more than a dozen US-listed stocks. Outcomes are settled automatically using real-time price data supplied by blockchain oracle provider Pyth Network, with contracts resetting at the close of each trading session.
The stock lineup includes well-known names such as Tesla, Nvidia, and Apple, alongside broader market indexes and commodity benchmarks. By designating Pyth as the resolution layer, Polymarket replaces manual or exchange-specific references with a standardized data source aggregated from trading firms and market makers. Traders can choose between daily up-or-down directional contracts and closing price contracts depending on their preferred approach.
Pyth, headquartered in Zug, Switzerland, simultaneously launched a data interface called Pyth Terminal, which allows users to monitor live price feeds and the reference values used to settle Polymarket contracts. The terminal displays a continuously updating live price-to-beat figure as market conditions shift. The tool is intended to give traders greater transparency into how contract outcomes are determined.
Polymarket is a platform where users take positions on the outcomes of real-world events spanning sports, elections, financial markets, and weather. Contracts resolve based on whether specific predefined conditions are met. The latest expansion into traditional financial instruments marks a notable broadening of the platform’s scope beyond purely event-driven markets.
The announcement follows a significant investment milestone for Polymarket. Last week, Intercontinental Exchange, the parent company of the New York Stock Exchange, disclosed it had completed a $600 million cash investment in the platform. The exchange also indicated plans to acquire up to an additional $40 million in shares from existing holders as part of a broader multibillion-dollar commitment to Polymarket.
Oracle networks, which bring off-chain data such as prices, foreign exchange rates, and commodity values onto blockchains, are increasingly moving beyond crypto-native applications. Both Chainlink and Pyth Network have been selected by US government agencies to publish economic data on-chain, including metrics related to GDP and inflation. That announcement previously sent the PYTH token up more than 70% in a single day, pushing its market capitalization above $1 billion.
Other oracle providers are also deepening their roles in connecting prediction markets and traditional finance. RedStone integrated data from the CFTC-regulated platform Kalshi across more than 110 blockchains in October. In January, Chainlink announced it would roll out 24/5 price data for US equities and ETFs to crypto platforms, and the following month Ondo Finance integrated Chainlink as the data provider for tokenized US equities on its Ondo Global Markets platform. Data from DeFiLlama shows the oracle market remains highly concentrated, with Chainlink holding roughly 64% of total value secured, while RedStone and Pyth Network each account for approximately 5%.
Originally reported by CoinTelegraph.
