RedStone Integrates Kalshi Data Across Over 110 Blockchains
- RedStone has partnered with Kalshi to provide event-driven market data regulated by the CFTC across more than 110 blockchains.
- The integration covers significant events including elections and interest rate decisions, with initial categories like the NYC mayoral election and the number of interest rate cuts in 2025.
- Kalshi raised $300 million on October 10 to expand its prediction markets to over 140 countries.
- The integration is expected to enhance DeFi applications, enabling new use cases such as insurance-like protocols utilizing regulated prediction data.
- Azuro researcher Mike Rychko noted that prediction markets may achieve mass adoption due to their user-friendly nature compared to traditional derivatives exchanges.
This partnership enhances access to real-world data for decentralized applications (DApps), potentially transforming how DeFi evolves by introducing previously unavailable data categories on-chain.
With over $300 million raised for expansion, Kalshi’s integration with RedStone marks a significant step in bringing regulated prediction markets into the blockchain space, opening up new opportunities for developers and users alike. (Source)
