RedStone Partners with Kalshi to Bring Real-World Betting on Chain, Featuring Taylor Swift and Rate Cuts

Integration of Prediction Market Data: RedStone has partnered with Kalshi to integrate event-driven market data across over 110 blockchains, enhancing access to real-world prediction data for decentralized applications (DApps).

Regulated Market Expansion: Kalshi, regulated by the CFTC, recently raised $300 million to expand its prediction markets globally, with initial focus on events like elections and interest rate decisions.

Potential Use Cases in DeFi: The integration is expected to facilitate the use of decentralized finance (DeFi) primitives, such as derivatives and lending markets, leveraging tokenized market positions for accurate pricing and liquidation.

Mainstream Adoption of Prediction Markets: As prediction markets gain recognition, they are seen as a potential first DeFi tool for mass adoption due to their simplicity and accessibility compared to more complex financial products.