Cointelegraph by Ezra Reguerra
Oracle provider RedStone has integrated event-driven market data from the US Commodity Futures Trading Commission (CFTC)-regulated financial exchange and prediction market Kalshi across over 110 blockchains, expanding access to real-world prediction data for decentralized applications (DApps).
RedStone announced the partnership with Kalshi on Thursday, bringing its prediction market data to more than 110 networks, including Ethereum, Solana, Base, The Open Network and Sui. The integration allows DApps to access Kalshi’s data sets that cover events like elections, interest rate decisions and cultural moments like musician Taylor Swift’s live television appearances.
The CFTC regulates Kalshi as a designated contract market (DCM), which means markets listed on Kalshi must receive CFTC approval before trading. On Oct. 10, Kalshi raised $300 million to expand its prediction markets to over 140 countries.
“The regulated nature of Kalshi’s events means we’re unlocking data categories that were previously unavailable onchain, opening entirely new possibilities for how DeFi will evolve,” RedStone co-founder Marcin Kazmierczak told Cointelegraph.
The rollout begins with three initial categories: the New York City mayoral election, the 2028 Democratic Party nominee for US president and the number of interest rate cuts in 2025. More markets are expected to follow, but will depend on developer demand.
RedStone co-founder shares expected use cases
Kazmierczak told Cointelegraph that the first phase of the integration is likely to see existing decentralized finance (DeFi) primitives.
“We can expect utilization of well-known primitives such as derivatives, perpetual DEXs, and eventually lending markets leveraging tokenized Kalshi market positions with RedStone’s onchain data to ensure accurate liquidation mechanics and collateral pricing,” he told Cointelegraph.
Still, he said the most significant innovation may come later, as developers experiment with new concepts.
Kazmierczak told Cointelegraph that with time, the space may witness new ideas and design patterns such as insurance-like protocols and social finance engaging with the mass market.
He told Cointelegraph that insurance may be one of the most promising applications for regulated prediction data.
In May, real-world asset (RWA) tokenization company Securitize selected RedStone as the primary oracle provider for its tokenized contracts, which include asset manager BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and the Apollo Diversified Credit Securitize Fund (ACRED).
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Prediction markets go mainstream
The new integration comes as prediction markets are gaining rapid mainstream recognition, with some saying their simplicity could make them the first DeFi tool to achieve mass adoption.
On Friday, Azuro researcher Mike Rychko argued that prediction markets are entering the real world beyond crypto. He said the accessibility of such platforms is likely to result in them being the first DeFi product to achieve mass adoption.
He said that while most people would not open derivatives exchanges, they are likely to be enticed by the clean and digestible signals that prediction markets provide.
“That simplicity is precisely why prediction markets will find mass adoption faster than most DeFi experiments ever did,” Rychko said.
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