Redstone joins forces with Kalshi to put prediction market data on-chain

Son Min

Summary

Redstone said it will integrate event data from Kalshi, a CFTC-licensed prediction market, on-chain.
It reported that this integration will make real-world prediction data available across more than 110 blockchain networks, including Ethereum.
Redstone said that introducing regulated data on-chain will open new possibilities for the development of DeFi (decentralized finance).

Redstone (RED) has integrated event data from Kalshi, a prediction market licensed by the U.S. Commodity Futures Trading Commission (CFTC), on-chain, enabling more than 110 blockchain networks to utilize real-world prediction data.

According to CoinDesk on the 23rd (local time), Redstone officially announced the partnership with Kalshi that day. Through this integration, decentralized applications (DApps) on major networks such as Ethereum, Solana, Base, The Open Network (TON), and Sui will be able to pull various prediction data, including elections, the number of rate cuts, and cultural events.

Kalshi is a legal prediction exchange licensed as a "designated contract market (DCM)" by the CFTC, and all listed markets must receive prior regulatory approval. Kalshi completed $300 million in funding on October 10 and plans to expand its prediction services to more than 140 countries.

Marcin Kazmierczak, Redstone co-founder, said, "With regulated data being introduced on-chain, a new category of data that DeFi could not access has opened," adding, "This will create new possibilities for the development of DeFi."

RED