Key Takeaways
- Pyth Network, a major blockchain oracle, has partnered with Kalshi, a regulated prediction market platform.
- The partnership brings Kalshi’s event market data to Pyth’s oracle network for onchain distribution.
Pyth Network, a leading oracle network specialized in providing real-time financial data feeds from institutional sources to blockchain ecosystems, has partnered with Kalshi, a CFTC-regulated prediction market platform, to distribute regulated prediction market data onchain for developers, institutions and DeFi protocols.
The collaboration aims to integrate Kalshi’s regulated prediction market data into Pyth’s oracle network, enabling onchain trading and analysis for political and economic events with improved accuracy and speed.
Pyth Network recently expanded its real-time data offering by sending continuous US stock price feeds directly to blockchain networks, improving accessibility for decentralized applications.
Kalshi has been driving prediction market innovation through strategic partnerships, including a recent collaboration with TrendSpider to integrate prediction market data into analytical platforms for broader access to event-based trading insights.