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Kalshi teams up with Pyth Network to stream regulated prediction data onchain, merging traditional finance with decentralized event trading.
Author: Tanishq Bodh
October 13, 2025 – In a major step linking regulated finance with decentralized technology, Kalshi has partnered with Pyth Network to stream its real-time prediction market data directly onto blockchains. The integration, announced Monday, opens a new gateway for decentralized finance (DeFi) builders to access verified, regulated market information.
Founded in 2019, New York-based Kalshi operates under CFTC oversight as the first federally regulated prediction market in the U.S. Users can trade on outcomes such as elections, sports, or economic data, each settled in cash rather than crypto.
Unlike blockchain rivals such as Polymarket, Kalshi’s licenses let it serve users across all 50 states. Just days before the partnership, the company raised $300 million in new funding, pushing its valuation beyond $2 billion and expanding access to more than 140 countries.
Meanwhile, Pyth Network, launched in 2021, delivers real-time institutional price feeds to over 100 blockchains including Solana, Ethereum, and BNB Chain. Its data comes from 90+ financial providers, among them Binance and Jane Street, ensuring sub-second accuracy for DeFi protocols worldwide.
Through this integration, Kalshi’s prediction prices, covering U.S. elections, interest-rate decisions, sports championships, and more will now stream into Pyth’s oracle feeds. Developers can use this data to build perpetuals, options, or analytics tools tied to verified real-world events.
As a result, DeFi projects gain a new layer of reliability. “Liquidity and pricing accuracy now become institutional-grade,” wrote analyst @XInsiderCrypto, calling the link a “turning point for prediction markets.”
Pyth Network echoed that view: “Our collaboration makes regulated prediction data available to anyone online, empowering builders to create event-based trading tools.”
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Interest in prediction trading is surging, driven by the 2024 U.S. election and global volatility. Polymarket has already surpassed $1 billion in wagers, while Kalshi’s volumes continue to climb. Now, by moving onchain, Kalshi can access DeFi liquidity pools without losing its compliance edge.
Analysts say the move could reshape how regulators perceive hybrid TradFi-DeFi models. It may also attract new developers seeking trusted data for financial innovation.
In an era of uncertainty, from inflation shocks to geopolitical tension—this partnership shows how prediction markets are evolving from speculation to data-driven finance. By joining forces, Kalshi and Pyth bring institutional-grade trust to the open blockchain world.
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