DoubleZero Network Now Hosts Kalshi's Sports and Cryptocurrency Perpetuals Data Stream
Through a partnership with DoubleZero's fiber optic infrastructure, Kalshi has made its sports and cryptocurrency perpetual contract data feed accessible to institutional clients seeking enhanced market data.
The prediction market platform Kalshi has made its real-time order book accessible via data provider DoubleZero Edge's fiber optic network infrastructure, according to a joint Wednesday announcement that was shared with Cointelegraph by both organizations.
Those seeking machine-readable prediction market data perspectives can now utilize these features through the specialized feed, eliminating the need to construct such infrastructure independently from order books and application programming interface (API) response data.
According to Austin Federa, co-founder of DoubleZero, data accessibility represents a "critical part" of market infrastructure, yet the corresponding infrastructure has been absent from emerging financial frameworks including crypto, perpetuals and prediction markets. He emphasized that this collaboration will deliver institutional-quality infrastructure to market participants across the industry.
Within Kalshi's platform, sports represents the second-biggest category, comprising 37.8% of weekly notional volume, while crypto follows in third position at 20.3%. The exotics category holds the top spot, representing 39.4% of Kalshi's weekly notional trading volume, based on data from Dune.
During the first week of July, OpenAI began incorporating Kalshi's prediction market probabilities for FIFA World Cup fixtures into ChatGPT search outputs.
A jurisdictional conflict between state regulatory bodies and the federal Commodity Futures Trading Commission (CFTC) has centered around Kalshi's sports event contracts. State government officials maintain that these contracts constitute wagers that fall under state gambling regulations, whereas the CFTC and Kalshi assert that they are derivatives falling under the CFTC's sole regulatory authority.
A temporary injunction preventing Kalshi from permitting Michigan residents to wager on sporting events was issued by a Michigan judge on June 29. Just days before this ruling, Kentucky filed suit against five prediction market platforms, which included Kalshi and Polymarket, charging them with conducting unlicensed sports betting operations. Additionally, Nevada implemented a temporary prohibition on Kalshi earlier in March.
The CFTC has also initiated legal action against multiple states, maintaining that federally regulated event contracts are subject to its exclusive regulatory jurisdiction.