Oracle provider RedStone has integrated event-driven market data from U.S. Commodity Futures Trading Commission (CFTC)-regulated financial exchanges and prediction market Kalsi across more than 110 blockchains, expanding access to real-world predictive data for decentralized applications (DApps).
RedStone on Thursday announced a partnership with Kalshi to provide its predictive market data to over 110 networks including Ethereum, Solana, Base, The Open Network, and Sui. The integration will give DApps access to Kalsi's datasets, which cover events such as elections, interest rate decisions, and cultural moments such as musician Taylor Swift's live TV appearances.
The CFTC regulates Karshi as a designated contract market (DCM). This means that markets listed on Calci must be approved by the CFTC before trading. On October 10, Kalsi raised $300 million to expand its prediction market to more than 140 countries.
“The regulated nature of the Calci event means it unlocks data categories previously unavailable on-chain and opens up entirely new possibilities for how DeFi evolves,” Redstone co-founder Marcin Kazmierczak told Cointelegraph.
The rollout begins with three initial categories: New York City Mayoral Election, 2028 Democratic US Presidential Candidates, and Number of Interest Rate Cuts in 2025. We expect more markets to follow, but this will depend on developer demand.
RedStone co-founder shares anticipated use cases
Kazmierczak told Cointelegraph that the first stage of the integration will likely use existing decentralized finance (DeFi) primitives.
“We can expect to see the use of well-known primitives such as derivatives, perpetual DEXs, and ultimately a lending market that leverages Karshi market positions tokenized with Redstone’s on-chain data to ensure accurate liquidation mechanisms and collateral pricing,” he told Cointelegraph.
Still, he said the most important innovations may come later as developers experiment with new concepts.
Kazmierczak told Cointelegraph that over time, the space could witness new ideas and design patterns, such as insurance-like protocols and social finance that engage the mass market.
He told Cointelegraph that insurance may be one of the most promising uses for regulated predictive data.
In May, real world asset (RWA) tokenization company Securitize selected RedStone as the primary oracle provider for tokenization contracts such as asset manager BlackRock's USD Institutional Digital Liquidity Fund (BUIDL) and Apollo Diversified Credit Securitize Fund (ACRED).
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Prediction markets become mainstream
This new integration comes as prediction markets are rapidly gaining mainstream recognition, with some saying it could become the first DeFi tool to achieve mass adoption due to its simplicity.
On Friday, Azuro researcher Mike Richko claimed that prediction markets are moving beyond cryptocurrencies and into the real world. He said that due to the accessibility of such platforms, they are likely to be the first DeFi products to achieve mass adoption.
He said that while most people would not consider opening a derivatives exchange, they would likely be seduced by the clean, easy-to-understand signals provided by prediction markets.
“That simplicity is why prediction markets are seeing mass adoption faster than most DeFi experiments to date,” Richko said.
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