Oracle provider RedStone has integrated event-driven market data from the U.S. Commodity Futures Trading Commission (CFTC) regulated financial exchange and prediction market Kalshi into more than 110 blockchains, expanding access to real-world prediction data for decentralized applications (DApps).
RedStone announced its partnership with Kalshi on Thursday, bringing its prediction market data to more than 110 networks, including Ethereum, Solana, Base, The Open Network and Sui. The integration gives DApps access to Kalshi’s datasets that include events such as elections, interest rate decisions and cultural moments such as musician Taylor Swift’s live television performances.
The CFTC regulates Kalshi as a designated contract market (DCM), meaning markets listed on Kalshi must receive CFTC approval before they can trade. On October 10, Kalshi raised $300 million to expand its prediction markets to more than 140 countries.
“The regulated nature of Kalshi’s events means we are unlocking categories of data that were previously unavailable on-chain, opening up entirely new possibilities for how DeFi will evolve,” Marcin Kazmierczak, co-founder of RedStone, told Cointelegraph.
The rollout will begin with three initial categories: the New York City mayoral elections, the Democratic Party’s 2028 U.S. presidential candidate, and the number of rate cuts in 2025. More markets are expected to follow, but this will depend on developer demand.
RedStone co-founder shares expected use cases
Kazmierczak told Cointelegraph that the first phase of the integration will likely bring in existing decentralized finance (DeFi) primitives.
“We can expect to see the use of well-known primitives such as derivatives, perpetual DEXs and eventually credit markets, using tokenized Kalshi market positions with RedStone’s onchain data to ensure accurate liquidation mechanisms and collateral pricing,” he told Cointelegraph.
Still, he said the most important innovation could come later, as developers experiment with new concepts.
Kazmierczak told Cointelegraph that over time, the space could witness new ideas and design patterns, such as insurance-like protocols and social finance that cater to the mass market.
He told Cointelegraph that insurance could be one of the most promising applications for regulated forecast data.
In May, real-world asset (RWA) tokenization company Securitize selected RedStone as the primary oracle provider for its tokenized contracts, including asset manager BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and Apollo Diversified Credit Securitize Fund (ACRED).
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Prediction markets are becoming mainstream
The new integration comes as prediction markets are rapidly gaining mainstream recognition, with some saying their simplicity could make them the first DeFi tool to achieve mass adoption.
On Friday, Azuro researcher Mike Rychko argued that prediction markets are entering the real world beyond crypto. He said the accessibility of such platforms will likely mean they will be the first DeFi product to achieve mass adoption.
He said that while most people wouldn’t open derivatives exchanges, they would likely be enticed by the clean and digestible signals that prediction markets provide.
“That simplicity is exactly why prediction markets will gain mass adoption faster than most DeFi experiments ever have,” Rychko said.
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