Pyth Network announced a partnership with the regulated prediction market Kalshi to put event-based market data on-chain, PYTH pump over 27%.

Following the collaboration with the U.S. Department of Commerce to put official macroeconomic data such as GDP and PCE on-chain (, Pyth Network today announced a partnership with Kalshi, the only prediction market regulated by the CFTC ), to massively put regulated event-based market data on-chain for the first time, spanning over 100 public chains, bringing real-time updated prediction market data to the world of Decentralization.

(The US Department of Commerce has put official economic data on-chain through two major prediction markets, Pyth surged over 62%, LINK rose over 6.73%)

Event data on-chain: Building a new layer of event financial infrastructure

According to the announcement, Pyth Network will become Kalshi's latest data provider, responsible for publishing the probability data of events traded on its platform in real-time on-chain. This means that developers and institutions can not only access traditional asset prices but also obtain real-time probability expectations of future events, such as political election results, economic policy changes, and sports championships, bringing a new dimension of data sources for DeFi, governance applications, and institutional risk management.

Kalshi: The first regulated event trading exchange in the United States

Kalshi is a designated contract market recognized by the U.S. federal government and registered with the CFTC (DCM), specifically providing a trading platform for event contracts (Event Contracts). This represents that Kalshi's data is auditable, compliant, and transparent, significantly distinguishing it from non-regulated prediction markets. The platform covers diverse topics such as politics, economics, climate, and sports, for example, whether the U.S. will lower interest rates in 2025, the results of the New York City mayoral election, the F1 annual champion, and the MLB championship team, all of which will be synchronized on-chain via Pyth.

Establish a new type of event-driven financial product foundation

After Kalshi's data is on-chain, developers can use event probabilities as programmable variables in DeFi or Web3 applications, for example:

Create DeFi derivatives linked to political or economic outcomes;

Use real event outcomes as parameters for DAO governance or in-game.

Organizations can incorporate regulated event data into risk models and research reports.

From national data to event probabilities: Pyth expands the on-chain real-world landscape

This is Pyth's exploration of new areas of on-chain real-world data after collaborating with the U.S. Department of Commerce to put official GDP, PCE, real GDP, and other macroeconomic data on-chain. From economic data to event probabilities, Pyth is building a comprehensive data layer that covers asset prices, government statistics, and global event expectations, providing unprecedented depth and transparency for on-chain finance.

(Pyth Network aims for a $50 billion data market, offering new options beyond Bloomberg! Expected to surpass traditional exchanges by 2026 )

In this article, Pyth Network announces a partnership with the regulated prediction market Kalshi to put event-based market data on-chain, with PYTH rising over 27%, first reported by ChainNews ABMedia.