Prediction Market Kalshi to Supply Price Data for Crypto Oracle Stork

Prediction market platform Kalshi has agreed to supply price feeds to blockchain oracle service Stork.

The tie-up is another sign of growing enthusiasm, in crypto and adjacent circles, for prediction markets following the breakout success of Polymarket, whose crypto-based platform has seen, a type of derivative contract that has no expiration date. Historically,"perps" have mostly been leveraged bets on cryptocurrency prices, but Kalshi's data will enable such derivatives on the probabilities of a wide range of real-world events.

If, for example, an oracle service settles disputes by a vote of token holders and a group of them collude,"they can just choose to resolve markets however they want and pay themselves out with everyone's money," Such said."It's really, really difficult and a long process to achieve sufficient decentralization in that regard."

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