From Taylor Swift to rate cuts, RedStone brings real-world bets onchain with Kalshi

Oracle supplier RedStone has built-in event-driven market information from the U.S. Commodity Futures Buying and selling Fee (CFTC) regulated monetary change and prediction market Kalshi into greater than 110 blockchains, increasing entry to real-world prediction information for decentralized purposes (DApps).

RedStone introduced its partnership with Kalshi on Thursday, bringing its prediction market information to greater than 110 networks, together with Ethereum, Solana, Base, The Open Community and Sui. The combination offers DApps entry to Kalshi’s datasets that embrace occasions resembling elections, rate of interest choices and cultural moments resembling musician Taylor Swift’s dwell tv performances.

The CFTC regulates Kalshi as a delegated contract market (DCM), that means markets listed on Kalshi should obtain CFTC approval earlier than they will commerce. On October 10, Kalshi raised $300 million to broaden its prediction markets to greater than 140 international locations.

“The regulated nature of Kalshi’s occasions means we’re unlocking classes of knowledge that have been beforehand unavailable on-chain, opening up fully new potentialities for a way DeFi will evolve,” Marcin Kazmierczak, co-founder of RedStone, informed Cointelegraph.

The rollout will start with three preliminary classes: the New York Metropolis mayoral elections, the Democratic Celebration’s 2028 U.S. presidential candidate, and the variety of price cuts in 2025. Extra markets are anticipated to observe, however this may depend upon developer demand.

RedStone co-founder shares anticipated use circumstances

Kazmierczak informed Cointelegraph that the primary section of the combination will doubtless usher in present decentralized finance (DeFi) primitives.

“We are able to anticipate to see the usage of well-known primitives resembling derivatives, perpetual DEXs and finally credit score markets, utilizing tokenized Kalshi market positions with RedStone’s onchain information to make sure correct liquidation mechanisms and collateral pricing,” he informed Cointelegraph.

Nonetheless, he stated an important innovation may come later, as builders experiment with new ideas.

Kazmierczak informed Cointelegraph that over time, the house may witness new concepts and design patterns, resembling insurance-like protocols and social finance that cater to the mass market.

He informed Cointelegraph that insurance coverage could possibly be one of the promising purposes for regulated forecast information.

In Could, real-world asset (RWA) tokenization firm Securitize chosen RedStone as the first oracle supplier for its tokenized contracts, together with asset supervisor BlackRock’s USD Institutional Digital Liquidity Fund (BUIDL) and Apollo Diversified Credit Securitize Fund (ACRED).

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Prediction markets have gotten mainstream

The brand new integration comes as prediction markets are quickly gaining mainstream recognition, with some saying their simplicity may make them the primary DeFi instrument to attain mass adoption.

On Friday, Azuro researcher Mike Rychko argued that prediction markets are getting into the true world past crypto. He stated the accessibility of such platforms will doubtless imply they would be the first DeFi product to attain mass adoption.

He stated that whereas most individuals would not open derivatives exchanges, they might doubtless be enticed by the clear and digestible alerts that prediction markets present.

“That simplicity is strictly why prediction markets will acquire mass adoption sooner than most DeFi experiments ever have,” Rychko stated.

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