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Pyth Network collaborates with Kalshi for real-time prediction market data

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Credit : cryptonews.net

Key Takeaways

  • Pyth Community, a serious blockchain oracle, has partnered with Kalshi, a regulated prediction market platform.
  • The partnership brings Kalshi’s occasion market information to Pyth’s oracle community for onchain distribution.

Pyth Community, a number one oracle community specialised in offering real-time monetary information feeds from institutional sources to blockchain ecosystems, has partnered with Kalshi, a CFTC-regulated prediction market platform, to distribute regulated prediction market information onchain for builders, establishments and DeFi protocols.

The collaboration goals to combine Kalshi’s regulated prediction market information into Pyth’s oracle community, enabling onchain buying and selling and evaluation for political and financial occasions with improved accuracy and velocity.

Pyth Community just lately expanded its real-time information providing by sending steady US inventory value feeds on to blockchain networks, bettering accessibility for decentralized purposes.

Kalshi has been driving prediction market innovation by strategic partnerships, together with a latest collaboration with TrendSpider to combine prediction market information into analytical platforms for broader entry to event-based buying and selling insights.

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