The oracle provider RedStone has integrated event-driven market data from the CFTC-regulated financial exchange and prediction market Kalshi into over 110 blockchains, expanding decentralized applications (DApps) access to real-world prediction data.
RedStone announced on Thursday a partnership with Kalshi to bring its prediction market data to over 110 networks, including Ethereum, Solana, Base, The Open Network, and Sui. This integration allows DApps to access Kalshi's datasets, covering events such as elections, interest rate decisions, and cultural moments like musician Taylor Swift's televised appearances.
The CFTC regulates Kalshi as a designated contract market (DCM), meaning that markets listed on Kalshi must receive CFTC approval before trading. On October 10, Kalshi raised $300 million, expanding its prediction market to over 140 countries.
RedStone co-founder Marcin Kazmierczak told Cointelegraph, "The regulated nature of Kalshi events means we are unlocking data categories that were previously unavailable on-chain, opening up new possibilities for the evolution of DeFi."
The launch will start with three initial categories: the New York City mayoral election, the 2028 Democratic presidential candidate nomination, and the number of interest rate cuts in 2025. More markets are expected to follow, but this will depend on developer demand.
Kazmierczak told Cointelegraph that the first phase of integration may see existing decentralized finance (DeFi) primitives.
He stated, "We can expect to leverage well-known primitives, such as derivatives, perpetual decentralized exchanges, and ultimately lending markets utilizing tokenized Kalshi market positions and RedStone on-chain data to ensure accurate clearing mechanisms and collateral pricing."
However, he noted that the most significant innovations may emerge later as developers experiment with new concepts.
Kazmierczak mentioned that over time, the field may witness new ideas and design patterns, such as insurance-like protocols and social finance interacting with the mass market.
He told Cointelegraph that insurance could be one of the most promising applications of regulated prediction data.
In May, real-world asset (RWA) tokenization company Securitize chose RedStone as its primary oracle provider for tokenized contracts, including the dollar institutional digital liquidity fund (BUIDL) from asset management firm BlackRock and the Apollo Diversified Credit Securitize Fund (ACRED).
This new integration comes at a time when prediction markets are gaining rapid mainstream recognition, with some suggesting that their simplicity may make them the first DeFi tool to achieve widespread adoption.
On Friday, Azuro researcher Mike Rychko noted that prediction markets are entering the real world beyond cryptocurrency. He stated that the accessibility of such platforms could make them the first DeFi product to achieve mass adoption.
He remarked that while most people may not open derivative exchanges, they are likely to be attracted to the clear and understandable signals provided by prediction markets.
Rychko said, "This simplicity is precisely why prediction markets are finding mass adoption faster than most DeFi experiments."
Related: Sam Altman's World expands into the prediction market space by integrating Polymarket
Original article: “RedStone Brings CFTC-Regulated Prediction Market Data from Kalshi into DeFi”
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