Pyth Network and Kalshi Partner to Bring Prediction Data On-Chain

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.