Kalshi, a U.S.-based regulated prediction market, has announced a partnership with Redstone Finance, a blockchain oracle provider that delivers data feeds for decentralized applications. This collaboration will equip Kalshi’s on-chain network with Redstone’s oracle infrastructure to power its markets with real-time, verifiable data from real-world events.

As an exchange regulated by the Commodity Futures Trading Commission (CFTC), Kalshi allows users to trade contracts based on the outcomes of a diverse range of events. These include everything from inflation rates and government actions to sports results and climate developments. Participants can purchase “Yes” or “No” positions on whether a specific event will occur, enabling them to capitalize on their opinions or hedge against real-world risks.

Powering On-Chain Settlements with Verifiable Data

For a prediction market to function on-chain, it needs a reliable way to access external information to settle contracts accurately. This is the role Redstone’s oracle technology will fill. By acting as a secure bridge between external systems and the blockchain, Redstone enables smart contracts to execute based on real-world inputs.

The integration provides Kalshi with a modular oracle solution that delivers fast and cost-efficient data. This technology is crucial for processing on-chain settlements instantly and reliably once an event’s outcome is confirmed. Redstone’s infrastructure supports a wide variety of blockchains, enhancing the accuracy and reliability of decentralized trading.

Expanding Capabilities for Developers and Users

With integrations across more than 110 blockchains, Redstone has become a core infrastructure piece for the Decentralized Finance (DeFi) sector. By leveraging this extensive network, Kalshi significantly expands its reach within the Web3 ecosystem, allowing users to participate in on-chain prediction markets across numerous networks.

The partnership also unlocks new potential for developers building on the Kalshi platform. With access to Redstone’s data feeds, they can now create sophisticated smart contracts that read and respond to actual events. This could include contracts that settle based on Federal Reserve monetary policy changes or those designed to predict election outcomes using live data, further blurring the line between traditional finance and blockchain-based markets.