Back to news
Adoption
Kalshi Prediction Market Uses Pyth Oracle for Midterms Index Settlement
(6 hours ago) · 1 source · Summarized by CryptoBipto
Kalshi, a regulated prediction market platform, has settled its tradable midterms index using price values from Pyth, a decentralized oracle network. This represents an integration between a traditional prediction market and blockchain-based data infrastructure.
WHY IT MATTERS
Think of an oracle in crypto like a trusted messenger that brings real-world information — such as election results or price data — onto the blockchain.
Read the full analysis with a CryptoBipto membership
Members read why every story matters and the full analysis behind it.
SOURCES
- thedefiant.io
RELATED
Prediction MarketsOraclesDeFi InfrastructureInstitutional Adoption
Learn the concepts behind this
Clear explanations of the subjects this article touches, with every term defined.
- What is DeFi, and how does decentralized finance work?Decentralized finance explained: liquidity pools, yield farming, impermanent loss, DAOs and governance tokens, each with its own definition page.
- How are institutions and regulators approaching crypto?What institutional adoption means in crypto, how spot ETFs and corporate treasury holdings work, and how regulation shapes what is available to ordinary users.