Kalshi Launches Sports, Crypto Perps Data Feed on DoubleZero
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Prediction market Kalshi has launched a live order book data feed for its sports and crypto perpetual event contracts through data provider DoubleZero Edge’s dedicated fiber network. This makes Kalshi the first prediction market to distribute real-time order book data of these contract types to new DoubleZero Edge subscribers. The feed offers a machine-readable format, simplifying access to prediction market data without requiring users to build infrastructure themselves.
Why it matters
According to Austin Federa, co-founder of DoubleZero, providing real-time, institution-grade data infrastructure is a critical step for market structure, especially in emerging financial sectors such as crypto, perpetuals, and prediction markets. This development aims to enhance data access for industry participants, which the companies regard as previously lacking in these markets.
Key context
Kalshi’s sports and crypto event contracts represent significant portions of its trading volume, with sports at 37.8% and crypto at 20.3%, behind exotics, which account for 39.4% of weekly notional volume as per Dune data. Kalshi’s sports contracts are currently involved in regulatory disputes, with state authorities treating them as wagers under gambling laws, while Kalshi and the CFTC maintain they are derivatives under federal jurisdiction. Recent legal actions include a temporary betting ban in Michigan, a lawsuit in Kentucky against Kalshi and others, and a temporary ban in Nevada, alongside a federal lawsuit by the CFTC against several states.
Key numbers and entities
The main entities involved are Kalshi, DoubleZero Edge, and the Commodity Futures Trading Commission (CFTC). Austin Federa is identified as co-founder of DoubleZero. The category breakdown of Kalshi’s weekly notional trading volume is 39.4% exotics, 37.8% sports, and 20.3% crypto. Recent regulatory actions occurred in Michigan, Kentucky, and Nevada.
What remains unclear
The source does not flag open questions or limitations about the data feed launch itself, though the ongoing regulatory disputes imply unresolved legal issues affecting Kalshi’s operations.