Overview
- Pyth and Kalshi announced a partnership to stream live prediction-market prices onchain, making regulated event data available across more than 100 blockchains.
- Kalshi operates as a federally regulated event exchange under the CFTC and has expanded to roughly 140 countries after raising $300 million at a $5 billion valuation.
- Developers and protocols can tap real-time markets covering elections, interest-rate moves, and sports outcomes, with examples including the New York City mayoral race and 2025 rate cut counts.
- The companies describe the integration as the first large-scale onchain distribution of regulated event data for use in decentralized applications.
- Potential applications include event-driven derivatives, synthetic assets, risk models, and programmable yield tools, with Pyth contributor Mike Cahill framing the move as part of building a comprehensive financial data ecosystem.