Polymarket Goes Wall Street: Now Lets You Bet on Tesla, Nvidia, Gold and Oil with Pyth Feeds

Polymarket, the prediction market platform that just received a $600 million investment from ICE (parent of the New York Stock Exchange), is going big on traditional finance. The platform announced today that it’s expanding into equities and commodities — letting users place bets on stocks like Tesla, Nvidia, and Apple, plus commodities like gold and oil.

How It Works

The new markets use price data from Pyth Network, a blockchain oracle provider, as the “resolution source” to automatically settle outcomes. Here’s what’s now available:

Daily up-or-down contracts for major equity indices
Commodities including gold and oil
US-listed stocks including Tesla, Nvidia, Apple, and more than a dozen others
Contracts reset at the end of each trading session

Outcomes are automatically settled based on Pyth’s real-time price feeds — no manual reference prices or exchange-specific data needed.

Enter the Oracles

Polymarket’s expansion brings a deeper reality into focus: oracle networks are becoming the invisible infrastructure of modern finance.

Pyth Network — based in Zug, Switzerland — also launched a data interface called Pyth Terminal, where users can track live price feeds and the reference values used to settle markets. Traders can follow a live “price to beat” that updates continuously as markets move.

But oracles are doing a lot more than just powering prediction markets. Recent developments show how quickly they’re expanding:

US Government: Chainlink and Pyth were selected by US government agencies to publish economic data onchain (GDP, inflation). PYTH token surged 70%+ on the news.
Wall Street Integration: Chainlink announced 24/5 price data for US equities and ETFs, enabling trading beyond standard market hours.
Tokenized Stocks: Ondo Finance integrated Chainlink as the data provider for tokenized US equities on its Global Markets platform.
CFTC-Regulated Platforms: RedStone integrated data from CFTC-regulated platform Kalshi across 110+ blockchains.

According to DeFiLlama, the oracle market is heavily concentrated: Chainlink commands around 64% of total value secured, while Pyth and RedStone each hold roughly 5%.

The Bigger Picture

Polymarket’s expansion into equities and commodities represents a significant convergence point: prediction markets are moving from niche event contracts toward mini derivatives markets that compete with traditional finance.

With ICE’s $600 million investment — and plans to acquire up to an additional $40 million in shares — Polymarket now has the capital and institutional backing to scale dramatically. The platform is no longer just about election bets; it’s building an alternative infrastructure for financial speculation.

The regulatory picture is complicated. The CFTC has sued Illinois, Arizona, and Connecticut over their attempts to block prediction markets, arguing the agency has “exclusive jurisdiction” over all swaps. But Polymarket keeps expanding — and traditional finance keeps investing.

What happens when you can bet on whether Tesla will beat earnings tomorrow — and settle based on the same Pyth feeds that power Wall Street? The line between prediction markets and derivatives markets just got a lot blurrier.