The post BNB Chain Joins Forces with Redstone for Event Oracle Technology to Power Prediction Markets appeared on BitcoinEthereumNews.com.

BNB Chain, a community-driven and decentralized blockchain ecosystem designed for Web3 Dapps powered by its native token (BNB), announced a strategic partnership with Redstone Finance, a modular oracle infrastructure powering next-gen DeFi. Through this integration, Redstone supports prediction market protocols on the BNB Chain with a flexible oracle technology solution. Despite increased launches of decentralized prediction market projects on the BNB Chain, one fundamental component of infrastructure has been lacking: a rapid, transparent, and oracle network specialized specifically for event resolution. Binance founder, Changpeng Zhao, recently talked about this gap on X, stating that despite the spike in prediction market protocols on the blockchain, a dedicated oracle network powering such markets has been missing. Shortly after, on October 18, 2025, the BNB Chain announced a proposal seeking to partner with specialized oracle solutions to support large-scale prediction markets. And that’s how Redstone has come in to fill the gap. .@redstone_defi now supports prediction market protocols on BNB Chain with flexible oracle delivery options! Note: This post is for informational purposes only and not financial advice. DYOR.https://t.co/AeGs7pN1Gr — BNB Chain (@BNBCHAIN) October 24, 2025 What Redstone Plans to Offer to the BNB Chain Redstone is a modular oracle network designed to offer rapid, secure, and cost-efficient data feeds to both non-EVM and EVM blockchains. It provides numerous, diverse models that gather real-world data (collected from different external and on-chain sources) for smart contracts to process executions accurately on Web3 and DeFi systems. Unlike traditional oracle networks that focus on providing price feeds on blockchains, Redstone’s oracle infrastructure offers a broad range of data, including price feeds, volume data, outcomes of real-world events, and others. Its oracle technology aggregates data off-chain and optimizes the way dApps fetch and utilize data on any of its over 110 supported blockchains. Redstone’s specialized event oracle…

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Filed under: News - @ October 25, 2025 6:26 am