Kalshi Launches Real-Time Sports And Crypto Perps Order Book Data Feed Through DoubleZero Edge

Decrypt described DoubleZero Edge’s multicast system as sending the same machine-readable data to connected traders simultaneously, and it said the new feed provides formatted data firms can use for pricing, hedging and automated trading.

Andy Ross, Head of Institutional at Kalshi, said in a statement, “They're looking for institutional-grade infrastructure everywhere they trade,” and he added that making market data available over DoubleZero Edge lets Kalshi “meet them where they are.”

Cointelegraph

In an interview with Decrypt, Austin Federa said, “Previously, a firm wanting a production-grade view of the book built it,” and he contrasted that with the new approach as “a subscription: buy access, run one install command, and the data arrives in a format software can consume directly.”

TradingView reported that sports is the second-largest category on Kalshi with 37.8% of weekly notional volume, followed by crypto at 20.3%, and it said Exotics ranked first at 39.4% of weekly notional trading volume according to Dune data.

TradingView reported that on June 29, a Michigan judge temporarily blocked Kalshi from allowing residents to place bets on sporting events, and it added that Kentucky sued five prediction market platforms including Kalshi and Polymarket accusing them of operating unlicensed sports betting platforms.

Cointelegraph reported that Nevada issued a temporary ban on Kalshi earlier in March, and it said the CFTC also sued several states arguing that federally regulated event contracts fall under its exclusive authority.

Cointelegraph further noted that in early July, OpenAI started displaying Kalshi’s prediction market odds for FIFA World Cup matches in ChatGPT search results, while TradingView said the feed is intended to bring institutional-grade infrastructure to industry participants.