RedStone Partners with Kalshi to Integrate Regulated Event Data into DeFi
The partnership will link Kalshi’s prediction market data to RedStone’s oracle services, enabling real-time event integration across more than 110 blockchain networks.
Summary
In an official announcement, RedStone revealed a partnership with prediction market platform Kalshi to integrate its markets with over 110 blockchain networks. Developers will be able to access real-time event data through the integration, expanding potential decentralized finance applications. The collaboration aims to bring Kalshi’s regulated event market data into RedStone’s oracle ecosystem, providing reliable information for smart contracts across multiple networks.
Terms & Concepts
- DeFi: Decentralized finance refers to blockchain-based financial systems that operate without traditional intermediaries, offering services like lending, trading, and insurance.
- Regulated Event Data: Structured information about specific occurrences, sourced from platforms operating under regulatory oversight, enabling reliable and compliant data usage in applications.
- Blockchain Networks: Distributed database systems that record transactions across multiple computers, supporting decentralized applications and services.