Following the collaboration with the U.S. Department of Commerce (putting official GDP, PCE, and other macroeconomic data on-chain), Pyth Network today announced a partnership with Kalshi, the only regulated prediction market in the U.S. by the CFTC (Commodity Futures Trading Commission), to put regulated event-based market data on-chain on a large scale, spanning over 100 public chains, bringing real-time updated prediction market data to the decentralized world.
(The U.S. Department of Commerce puts official economic data on-chain through two major oracles, Pyth up over 62%, LINK up over 6.73%)
Event data on-chain: Building a new layer of event financial infrastructure
According to the announcement, Pyth Network will become the latest data provider for Kalshi, responsible for real-time publishing of the event probability data traded on its platform onto the chain. This means that developers and institutions can not only obtain traditional asset prices but also access real-time expectations for future event probabilities, such as political election results, economic policy changes, and sports championship outcomes, bringing a new dimension of data sources for DeFi, governance applications, and institutional risk management.
Kalshi: The first regulated event exchange in the United States
Kalshi is a designated contract market (DCM) recognized by the US federal government and registered with the CFTC, specializing in providing a trading platform for event contracts. This move signifies that Kalshi's data possesses auditability, compliance, and transparency, clearly distinguishing it from the unregulated prediction platforms in the market. The platform covers a variety of topics such as politics, economics, climate, and sports, with events like whether the US will cut interest rates in 2025, the results of the New York City mayoral election, F1 annual champion, and MLB champion team, all synchronized on-chain through Pyth.
Establish a new type of event-driven financial product foundation
After Kalshi's data is on-chain, developers can use event probabilities as programmable variables in DeFi or Web3 applications, for example:
Create DeFi derivatives linked to political or economic outcomes;
Use real event outcomes as parameters for DAO governance or in-game mechanics;
Institutions can integrate regulated event data into risk models and research reports.
From national data to event probabilities: Pyth expands the on-chain real-world landscape.
This is Pyth's exploration of new realms of on-chain real-world data following its collaboration with the US Department of Commerce to put official GDP, PCE, real GDP, and other macroeconomic data on-chain. From economic data to event probabilities, Pyth is building a comprehensive data layer covering asset prices, government statistics, and global event expectations, providing unprecedented depth and transparency for on-chain finance.
(Pyth Network targets a $50 billion data market, offering a new option beyond Bloomberg! Expected to surpass traditional exchanges by 2026)
This article announces that Pyth Network has partnered with the regulated prediction market Kalshi to put event market data on-chain, with PYTH rising over 27%, first reported by Chain News ABMedia.
