Pyth Network & Kalshi Partner to Bring Regulated Prediction Data On-Chain

272C93
272C93
PYTH-2.24%

Pyth Network is partnering with Kalshi, the first U.S. federally regulated event-exchange platform, to stream prediction-market data on-chain across more than 100 blockchains. 

Under the agreement, Kalshi’s regulated event-market data — covering a wide range of real-world outcomes including political elections, economic indicators, sports results and more — will be made available via Pyth’s oracle infrastructure to developers, institutions and DeFi protocols. The deal marks the first time regulated event-data of this scale has been embedded on-chain, the firms said. 

Pyth said the integration allows builders to access real-time probabilities of future events, turning expectations into composable on-chain data. Kalshi, which has expanded to register users in 140 countries and recently raised US$300 million at a US$5 billion valuation, provides the regulated data source. 

The move could open new use-cases in decentralized finance, such as event-driven derivatives, hedging instruments and tokenised products built around real-world outcomes.

Show original
Visit source
370
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.