What to Know
- •Pyth Network collaborates with Kalshi to provide regulated prediction data.
- •Increases on-chain market intelligence availability.
- •Enhances DeFi, trading, and governance systems.
Pyth Network and Kalshi have partnered to provide regulated prediction market data on-chain, integrating Kalshi’s CFTC-supervised event feeds into Pyth’s oracle network for widespread blockchain access.
This collaboration introduces reliable event-derived probabilities to DeFi, impacting risk modeling, gaming, and governance systems, and catalyzing interest in institutional cryptocurrency applications.
Pyth Expands On-Chain Data with Kalshi Partnership
The partnership between Pyth Network and Kalshi brings regulated prediction market data on-chain. By incorporating Kalshi's CFTC-supervised event feeds, Pyth expands its role as a universal market data source.
“Kalshi, as the leading CFTC-regulated event exchange in the U.S., delivers the credibility, oversight, and scale required to establish event-driven data as a first-class category in DeFi...” – Tarek Mansour, Co‑founder, Kalshi.
Pyth integrates Kalshi’s data to strengthen DeFi and governance systems. This collaboration involves over 100 blockchains, transforming events into tradable financial elements.
DeFi Sector to Benefit from Regulated Event Feeds
Immediate impacts are evident across the DeFi sector, with enhanced access to event‑driven data. Key insights reveal how regulated feeds can drive composability and market precision.
The financial implications include higher trading volumes and enhanced market intelligence within DeFi protocols. This integration provides critical input for smart contracts and event‑based trading strategies.
Compliance Offers New Trust Levels in DeFi
Past ventures like Polymarket and Augur lacked regulatory oversight, contrasting with this partnership's compliance. Previous initiatives underscored composability but faced regulatory challenges.
This regulated framework sets a precedent for integrating compliant event data, enhancing trust and broadening institutional adoption. Historical trends indicate potential for increased DeFi engagement and liquidity.