Kalshi Partners with Stork for Price Data Supply

Kalshi, a U.S.-regulated prediction market platform, has entered into an agreement to provide price feeds to Stork Labs, an oracle service that conveys data to blockchain platforms and decentralized exchanges. This collaboration aims to enable developers to create crypto applications informed by Kalshi's innovative trading markets, which allow for wagers on various topics, from election outcomes to educational performance.

Meredith Pitkoff, founder of Stork Labs, mentioned that the firm is exploring options to enhance user engagement through collaborative prediction markets. Meanwhile, Kalshi has begun accepting USDC deposits, integrating a stablecoin that maintains a 1:1 value with the U.S. dollar to facilitate trading. This development reflects the increasing synergy between the prediction market sector and crypto industry as major players such as Robinhood also venture into election contracts.

The companies are optimistic that their partnership will promote the adoption of prediction markets, especially as innovative crypto solutions emerge and expand into diverse sectors, including sports events.

"Stork is talking to a lot of projects that are interested in making it a social experience," says Meredith Pitkoff.
Translation: Stork is exploring ways for users to engage in personalized prediction markets within social circles.