Pyth Network 🔮 (@PythNetwork): Kalshi's Odds, Onchain: What Builders Can Create Now

Kalshi's Odds, Onchain: What Builders Can Create Now @Kalshi has become one of the biggest prediction market platforms with billions in volume, millions of users betting on elections, Fed decisions, sports, and more. But until now, all that valuable market data lived inside Kalshi's walls. The odds were there, the liquidity was there, but blockchain builders couldn't touch it. That just changed. Thanks to the recent partnership with Pyth Network, Kalshi is opening up its prediction market data to blockchain builders across 100+ chains. Not just outcomes, but real-time probability data that can power entirely new types of onchain products. The Data That's Been Missing DeFi has price feeds for everything — ETH, BTC, stocks, commodities. But probability data about real-world events has been missing. If you wanted to build a product around "What are the odds Powell gets removed as Fed Chair?" you couldn't. That data didn't exist onchain. With Kalshi data flowing through Pyth, it does. Starting with ten Kalshi markets spanning politics, sports, finance, and culture — from the NYC mayoral election to Fed rate cut probabilities to championship winners — builders now have access to live odds data as oracle feeds. Each market represents real money being traded by real users on Kalshi's platform, generating probability distributions that update in real time. What Becomes Possible When real-time prediction market odds are available onchain, builders can create entirely new categories of products that simply couldn't exist before. The most obvious opportunity is for protocols to develop futures markets based on real-world events. These protocols could use Kalshi's live odds as the underlying reference, with prices adjusting automatically as the source market moves. When events resolve, the contracts would settle programmatically. Protocols could architect complex conditional instruments that reference multiple data feeds — for instance, products that settle based on both political outcomes AND cryptocurrency price thresholds. Two Kalshi feeds powering one innovative product. DeFi protocols could build conditional products that react to real-world probabilities. A yield vault that adjusts its strategy based on Fed rate cut likelihood; insurance products tied to political outcomes; NFT collections that evolve based on election results; gaming tournaments with prize pools that unlock when specific events happen. The data becomes a primitive that builders can compose with however they want. How It Works Kalshi isn't a blockchain platform — it's a traditional prediction market with massive liquidity and proven market integrity. Through Pyth, its live odds get pulled and distributed as oracle feeds across 100+ blockchains. Any builder on Ethereum, Solana, Arbitrum, Base, or dozens of other chains can integrate these feeds into their protocols. The data is cryptographically verified and updates in real time as Kalshi's markets move. This partnership makes sense because both platforms are already leaders in their domains. Kalshi is one of the top prediction market platforms with regulated, liquid markets backed by real volume. Pyth is the leading oracle network with 600+ protocol integrations and institutional-grade infrastructure. Together, we are creating the bridge that brings off-chain prediction market intelligence to onchain builders at scale. Opening Up the Ecosystem This isn't Kalshi trying to compete with onchain prediction markets. It's Kalshi enabling them — and everything else builders can imagine. Right now, blockchain prediction markets operate in isolation, each building its own liquidity and running their own markets. With Kalshi data onchain, builders can bootstrap new products using proven market data. Arbitrage opportunities emerge between platforms. The prediction market ecosystem becomes composable. Instead of competing for the same users, platforms can build on top of each other. Pyth brings the price of everything onchain, from equities, commodities, FX, to crypto. All to build the foundation of DeFi. Prediction market odds are the next frontier. Not prices of assets, but probabilities of outcomes. This opens up entirely new categories of financial products that couldn't exist before: event-driven finance. Probability-native DeFi. It starts here. What's Next This is phase one with 19 highly requested markets going live through Pyth feeds. But the infrastructure is built to scale — expanding to dozens more Kalshi markets, covering more event types, and supporting more complex market structures. The vision is to make every major real-world event accessible onchain through Pyth’s feeds. For years, the promise has been that blockchains can connect to real-world data. Pyth achieved this with price data. Now it’s leveling up probabilities. Kalshi has the odds. Pyth has the rails. Builders have the opportunity. What are you going to create? Start exploring real-time prediction market data here: https://insights.pyth.network/price-feeds?assetClass=Kalshi