Kalshi, a federally regulated prediction market exchange backed by Donald Trump Jr., has partnered with Pyth Network to stream real-time event data across more than 100 blockchains. This collaboration integrates Kalshi's event-based trading infrastructure with Pyth's decentralized oracle network, creating the first large-scale integration of regulated prediction data into blockchain ecosystems.
Live markets, including New York City Mayor Election, F1 Drivers Champion, MLB Champion, and Number of Rate Cuts in 2025, are now distributed by Pyth Network. Kalshi operates as a Designated Contract Market under the U.S. Commodity Futures Trading Commission (CFTC) and recently raised $300 million in funding led by Sequoia Capital and Andreessen Horowitz, with plans to expand to 140 countries. Donald Trump Jr. serves as a strategic adviser, adding to the platform's credibility.
0xUltra, involved in crypto growth at Kalshi, stated, "Oracles represent the first step in taking Kalshi on-chain. Now builders can finally bring their Kalshi ideas to life on the world computer." Mike Cahill, CEO of Douro Labs contributing to Pyth, emphasized the vision to be the most comprehensive financial data ecosystem. The partnership enables developers to use composable, verifiable data in DeFi, risk modeling, gaming, and governance systems, while competitor Polymarket also gains U.S. market access.
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