Pyth Network, a provider of institutional market data, announced its partnership with Kalshi, the U.S. federally regulated event-exchange platform, to deliver its prediction market information across 100+ blockchains. This reportedly marks the first time regulated event data will be streamed onchain at scale, allowing web3 developers, institutions, as well as decentralized protocols to create applications enabled by real-time probabilities of future outcomes.
By further expanding market data beyond asset prices to the ecosystem of events—politics, economics, sports, crypto, and culture—this collaboration aims to tap into a new dimension of financial infrastructure.
Onchain builders require a composable source of event data.
Pyth’s integration with Kalshi reportedly makes regulated prediction market prices available to anyone who has an internet connection, providing blockchain and web3 developers a foundation to develop various financial products.
Kalshi, as the CFTC-regulated event exchange in the US, delivers the credibility, oversight, and scale needed to establish event-driven data as a key category in DeFi.
Recently, Kalshi has expanded to 140 nations internationally on the heels of a $300 million funding round at a $5 billion valuation.
Mike Cahill, CEO of Douro Labs and contributor to Pyth said:
“Since gaining prominence during the 2024 U.S. presidential election, prediction markets have emerged as powerful tools for translating expectations about future events into real-time prices.”
Live Kalshi markets that are now available via Pyth include:
- New York City Mayor Election
- F1 Drivers Champion
- MLB Champion
- Number of Rate Cuts in 2025
0xUltra shared:
“Oracles represent the first step in taking Kalshi onchain. Now builders can finally bring their Kalshi ideas to life on the world computer.”
The integration with Kalshi follows a series of developments for Pyth, such as the launch of Pyth Pro, its subscription service intended to deliver institutional-grade market data across cryptocurrencies, equities, fixed income, commodities, and foreign exchange, along with a partnership with Blue Ocean Technologies to provide SEC-registered US equity pricing “during critical after-hours trading via Blue Ocean ATS.”
