Kalshi chooses Stork to offer its regulated data as a source of truth for Web3 application builders and innovators.
NEW YORK, NY / ACCESSWIRE / October 28, 2024 / Stork, a leading innovator in decentralized data solutions, today announced a strategic partnership with Kalshi, a CFTC-regulated exchange dedicated to trading on future event outcomes. As part of this collaboration, Kalshi will become a first-party data provider within Stork's Open Data Market, enhancing data availability for developers and applications across all on-chain ecosystems.
Through this integration, Kalshi will operate a publisher agent, enabling any dApp across any blockchain to access high-quality, reliable, and regulated prediction market data from Kalshi. This milestone marks a significant step in expanding the reach and capabilities of on-chain applications, unlocking new opportunities for developers, entrepreneurs, and innovators across ecosystems.
"Election season is an exciting time for prediction markets. Working with Kalshi allows us to provide transparent data directly to developers, helping them create innovative applications and gain deeper insights into these evolving markets," said Meredith Pitkoff, founder of Stork Labs. "We're thrilled to partner with such a leading player in the prediction space."
This partnership follows the launch of The Open Data Market earlier this year, a platform by Stork designed to break down barriers in data access and foster free market dynamics between data publishers and developers. Built on Stork's customizable infrastructure, The Open Data Market offers the most efficient and high-performance solution for delivering any data on any chain.
Kalshi's first-party data will be available to developers on any blockchain, allowing them to directly receive data or build their own Composite Oracle Services (COS). These COSs empower developers to tailor sourcing, validation, and redundancy mechanisms according to their specific needs.
[In today's shattered media landscape, prediction markets are emerging as the most trustworthy way to learn accurate information. By publishing Kalshi's high-quality, manipulation-free data on Stork's low-latency, on-chain protocol, this partnership will provide instant, safe access to the world's most precious resource: truth.]
Stork firmly believes that data should not be a barrier to building - it should be the fuel for on-chain innovation. By making data fast, easy, and flexible to use, Stork is empowering the next generation of on-chain applications and experiences.
Stork is rapidly expanding its publisher network, developing cutting-edge COSs, and nurturing a vibrant community of innovators.
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To learn more about Stork, please visit: https://www.stork.network/
About Stork
Stork offers custom and decentralized data provisioning solutions tailored to meet the needs of any protocol. Led by web3 experts, Stork developed Stork for Real Time, a popular pricing solution that supports over 2,000 assets and processes more than $300 billion in total transaction value. Additionally, they created The Open Data Market to foster free market dynamics between data publishers and on-chain developers. Stork was founded on the principle of making data accessible, customizable, and affordable for all market participants.
About Kalshi
Kalshi is the largest prediction market platform in America. After leading the charge to overturn the ban on election trading by successfully suing the CFTC, Kalshi has seen an explosion in demand, crossing $70 million in volume in three weeks. With Susquehanna signed on as a market maker, Kalshi can easily fulfill institutional demand, including trades up to $100 million. As a fully-regulated, American-only platform, data from Kalshi surrounding American elections is the most accurate of any prediction market. Built on transparency and trust, Kalshi is the premier option for credible prediction data.
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SOURCE: Stork Labs Inc.