Polymarket has added markets linked to stocks, commodities and exchange-traded funds, using price data from blockchain oracle provider Pyth Network as a resolution source to determine daily contract outcomes.
The new markets include daily up or down and close contracts for major stock indices, commodities such as gold and oil, and a range of US-listed stocks, with results automatically settled based on Pyth’s real-time price feeds. Contracts are reset at the end of each trading session.
According to the announcementThe offering includes more than a dozen U.S.-listed stocks, including Tesla, Nvidia and Apple, as well as commodities and stock indexes.
By making Pyth the resolution layer for these markets, Polymarket replaces manual or trade-specific benchmarks with a standardized data source aggregated from trading firms and market makers.
Pyth, based in Zug, Switzerland, also announced the launch of a data interface called Pyth Terminal, where users can track live price feeds and reference values used to settle markets on Polymarket. Traders can follow a live “price to beat” that continually updates as markets move.
Polymarket allows users to take positions on the outcomes of real-world events, such as sports, elections, financial markets, and weather, with contracts resolved based on meeting specific conditions.
Last week, Intercontinental Exchange, the parent company of the New York Stock Exchange, announced that it had completed a $600 million cash investment in Polymarket and plans to acquire up to an additional $40 million in shares from existing holders as part of a broader multibillion-dollar commitment to the platform.
Related: Expansion of polymarket fees increases revenue despite regulatory pressure
Oracles extend beyond crypto to real-world data infrastructure
Oracle networks, which transfer off-chain data such as prices, exchange rates and commodities onto blockchains, are expanding beyond crypto to financial, government and prediction-based applications.
Their role has begun to expand into official data systems, with Chainlink and Pyth Network being selected by US government agencies for publish economic data on-chainincluding measures of GDP and inflation. The announcement sent the PYTH (PYTH) token up more than 70% on the daybringing its market capitalization beyond $1 billion.
The announcement comes as oracle providers are used to power prediction markets and real-world event data, with RedStone integrating data of the CFTC-regulated Kalshi platform on more than 110 blockchains in October.
They also play a growing role in connecting crypto platforms to traditional financial markets. In January, Chainlink announced its deployment 24/5 US stock and ETF price data to crypto platforms, enabling trading, lending and derivatives linked to tokenized stocks outside of normal market opening hours.
The following month, Ondo Finance announced that it had integrated Chainlink as the data provider for tokenized US stocks on its Ondo Global Markets platform, where feeds are used to support lending and collateral.
Data from DeFiLlama shows a very concentrated oracle market, with Chainlink accounting for around 64% of the total value secured. Other providers, including RedStone and Pyth Network, have much smaller shares, around 5% each.
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