Prediction Market Kalshi to Supply Price Data for Crypto Oracle Stork
Kalshi, a U.S.-regulated prediction market platform, is enhancing its connections with the cryptocurrency sector by providing price feeds to Stork Labs' oracle services. This collaboration allows developers to create crypto applications based on Kalshi's markets, which include bets on various events like elections and educational performance. The partnership reflects increasing interest in prediction markets, following the success of Polymarket. Kalshi aims to supply data for perpetual futures contracts, traditionally focused on cryptocurrency prices, expanding to real-world event probabilities. The company also plans to offer resolution services for decentralized prediction markets, leveraging its regulatory status with the U.S. Commodity Futures Trading Commission to ensure fair adjudication. Initially, Kalshi will provide data for free, potentially attracting more traders to its platform. Interest in prediction markets beyond elections is growing, with discussions around social experiences and sports betting. Kalshi recently gained the right to list political event contracts after a legal battle with the CFTC.
