In a groundbreaking development for decentralized finance, RedStone has forged a strategic partnership with prediction market platform Kalshi to bring regulated real-world event data on-chain. This collaboration enables users to engage with event-based financial instruments—from celebrity-related occurrences to Federal Reserve interest rate decisions—across more than 110 blockchain networks.
The integration establishes a crucial bridge between traditional event markets and decentralized protocols, creating unprecedented opportunities for hedging and speculation. By leveraging Kalshi’s regulated event data infrastructure alongside RedStone’s cross-chain oracle capabilities, the partnership unlocks sophisticated financial products previously inaccessible to decentralized ecosystems.
This technological advancement represents a significant leap forward for prediction markets within DeFi, offering institutional-grade data reliability combined with blockchain’s transparency and accessibility. Market participants can now access a diverse range of event-based derivatives while maintaining compliance with regulatory frameworks.
The expanded network coverage ensures broad ecosystem participation, allowing developers to build innovative applications across multiple blockchain environments. This infrastructure enhancement paves the way for more complex financial instruments and risk management tools within the rapidly evolving decentralized finance landscape.
