Kalshi taps Solana platform for Wall Street-style high-speed data feed
Reported by CoinDesk · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Kalshi, a major prediction market platform, is integrating DoubleZero’s low-latency market data feed built on Solana to enhance its order book. DoubleZeroEdge acts as a transport layer that sends live exchange and onchain data over dedicated fiber, distributing it simultaneously to all connected traders. This system is designed to provide institutional trading firms with high-speed, machine-readable data for pricing, hedging, and signal generation on Solana.
Why it matters
The source highlights that the growing institutional presence in cryptocurrency markets is driving demand for Wall Street-style trading systems that offer split-second data advantages. Kalshi’s adoption of DoubleZero’s feed aims to address this demand by improving the speed and quality of market data for prediction market contracts. This move reflects efforts to bridge technology and infrastructure gaps between traditional financial markets and crypto trading.
Key context
DoubleZeroEdge replicates a distribution model used by long-established financial exchanges like NYSE, Nasdaq, and CME, which rely on specialized networks rather than the general internet for data transmission. Prediction markets like Kalshi deal with events that can cause significant price movements within milliseconds, making low-latency data feeds critical. Kalshi plans to roll out the feed first for its most actively traded contracts, including crypto perpetual futures, which are derivatives without expiration dates.
Key numbers and entities
The main organizations involved are Kalshi, a leading prediction market, and the DoubleZero Foundation, which provides the DoubleZeroEdge data feed. Solana is identified as the layer-1 blockchain platform hosting the new data feed infrastructure. Kalshi is noted as one of the world’s two largest prediction markets, alongside Polymarket. No specific numerical figures are mentioned in the source.
What remains unclear
The source does not flag any specific open questions or limitations but clarifies the nature of the partnership between Kalshi and DoubleZero without disclosing detailed terms or timelines beyond the rollout of the initial contracts.