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

Oracle provider RedStone has integrated event-driven market data from the CFTC-regulated financial exchange and prediction market Kalshi across more than 110 blockchains, including Ethereum and Solana. This integration allows decentralized applications (DApps) to access data on real-world events such as elections, interest rate decisions, and cultural moments like Taylor Swift's appearances.

Kalshi is regulated as a designated contract market (DCM) by the CFTC, ensuring its markets receive regulatory approval before trading. RedStone co-founder Marcin Kazmierczak noted that Kalshi's regulated nature unlocks previously unavailable onchain data categories, potentially evolving DeFi through derivatives, perpetual DEXs, and lending markets that use tokenized market positions for accurate collateral pricing. Early categories include the 2028 US presidential nominee and 2025 interest rate cuts.

The integration coincides with growing mainstream recognition for prediction markets, with some experts suggesting their simplicity could make them the first DeFi tool to achieve mass adoption by providing clean, digestible signals to a broader audience.

(Source：Cointelegraph)