Pyth Network collaborates with Kalshi for real-time prediction market data
Pyth said it is the first time that regulated event data has been streamed onchain at a large scale.
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.
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Pyth Network, a prominent oracle network specializing in delivering 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 analytics for political and economic events with enhanced accuracy and speed.
Pyth Network recently expanded its real-time data offerings by launching continuous US equity price feeds directly to blockchain networks, enhancing accessibility for decentralized applications.
Kalshi has been advancing 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.
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