- Kalshi enters partnership with Pyth Network for prediction data.
- Major impact on DeFi and institutional adoption.
- Integration across more than 100 blockchains.
On October 14, Kalshi, a CFTC-regulated platform, partnered with Pyth Network to deliver regulated prediction event data across over 100 blockchains, impacting institutional adoption and DeFi.
The partnership signals a shift toward institutionalized event data within the crypto market, sparking interest in regulatory clarity and new DeFi protocol opportunities.
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Kalshi has entered a significant partnership with Pyth Network, delivering real-time prediction event data across over 100 blockchains. This move marks a major step forward for decentralized finance (DeFi) infrastructures, highlighting the collaboration’s extensive potential for institutional adoption.
The key stakeholders in this partnership are Kalshi, a CFTC-regulated prediction market platform, and Pyth Network, a decentralized oracle. The collaboration represents a notable shift in how future expectations are converted into on-chain value, aligning with Pyth’s vision of comprehensive financial ecosystems.
“Prediction markets have matured since the 2024 U.S. election, transforming how future expectations translate into onchain value. This partnership reflects Pyth’s broader vision to offer one of the world’s most complete financial data ecosystems.” — Mike Cahill, CEO, Douro Labs.
Immediate consequences of this partnership include enhanced market infrastructure and increased access to regulated prediction market data. It is anticipated to transform DeFi protocols, giving them clarity and access to institutional-grade feeds, showing a clear trend towards further institutionalization.
Financial implications involve the absence of a direct grant but suggest a strategic expansion in institutional capital. This partnership positions both entities at the core of integrating regulated event market data into blockchain oracles, set to boost composability within DeFi systems.
Kalshi’s collaboration with Pyth follows historical precedents like Polymarket, but with direct regulatory oversight. Previous launches of similar technologies (source) led to a growth surge in DeFi derivatives, emphasizing the partnership’s potential impact.
Potential outcomes include accelerated DeFi growth, enhanced protocol security through staking, and increased data utility. Similar to past integrations, such technological synergy can foster the development of robust, compliance-oriented financial products.
