Kalshi Adds Sports & Crypto Perps Data Feed on DoubleZero

Prediction market operator Kalshi is expanding how its real-time trading information reaches market participants by partnering with DoubleZero Edge for distribution via DoubleZero’s dedicated fiber network. In a Wednesday announcement shared with Cointelegraph, the companies said Kalshi’s live order book feed for certain sports and crypto perpetuals event contracts will be made available to new DoubleZero Edge subscribers.

The integration targets a long-standing gap in prediction market infrastructure: access to fast, machine-readable market data. Rather than building bespoke systems that reconstruct order books from raw exchange screens or parse multiple API endpoints, subscribers can consume a dedicated data feed designed to deliver order book data directly.

Key takeaways

• Kalshi’s real-time order book for sports and crypto perpetuals event contracts is now distributed through DoubleZero Edge’s fiber network.
• DoubleZero Edge positions the feed as a way to avoid rebuilding infrastructure from order books and API responses.
• Sports appears as one of Kalshi’s biggest demand categories, with crypto also ranking among the top segments by weekly notional volume.
• The rollout arrives as Kalshi remains involved in ongoing regulatory disputes over whether its event contracts are sports wagers or CFTC-regulated derivatives.

Dedicated fiber distribution for prediction market order books

Kalshi said the new offering makes it the first prediction market to distribute its live order book data through DoubleZero Edge’s dedicated fiber network for sports and crypto perpetuals event contracts. For institutional and technical users, the practical value is straightforward: lower latency pathways and a consistent, machine-friendly way to ingest market depth and price levels as trades happen.

DoubleZero co-founder Austin Federa described data access as a core component of market structure, arguing that infrastructure has lagged behind “new financial paradigms” that include crypto, perpetuals, and prediction markets. The pitch here is that the industry has continued to grow without matching the data distribution capabilities usually expected in traditional, high-speed markets—especially for participants who run automated strategies.

Where Kalshi’s volumes come from

Kalshi’s focus areas are not limited to crypto. According to Dune data cited in the announcement, sports accounts for 37.8% of Kalshi’s weekly notional volume, while crypto ranks third at 20.3%. Exotics, meanwhile, lead the mix at 39.4% of weekly notional trading volume.

Those proportions matter because they suggest the network-based data distribution may reach more than a niche slice of traders. A dedicated feed for sports-linked markets could be particularly relevant for participants who need to track changing probabilities and liquidity across event timelines, while crypto perpetuals event contracts add additional complexity that favors fast data ingestion.

Broader visibility, including ChatGPT search

The order book distribution comes amid increasing visibility of Kalshi markets in mainstream discovery channels. In early July, Cointelegraph reported that OpenAI began displaying Kalshi’s prediction market odds for FIFA World Cup matches in ChatGPT search results.

While that development relates more to consumer-facing access than to institutional infrastructure, it underscores how prediction markets are becoming more embedded in the information layer that users interact with—creating more pressure for robust, reliable data pathways underneath.

Regulatory pressure remains a central backdrop

Kalshi’s sports event contracts continue to sit at the center of a regulatory dispute involving state regulators and the U.S. Commodity Futures Trading Commission (CFTC). The disagreement centers on how the contracts should be classified.

State authorities argue the products are essentially wagers subject to state gambling laws. Kalshi and the CFTC, by contrast, contend that these event contracts are derivatives that fall under the CFTC’s exclusive jurisdiction.

The legal conflict has already produced concrete restrictions. On June 29, a Michigan judge temporarily blocked Kalshi from allowing residents to place bets on sporting events. Earlier, Kentucky sued five prediction market platforms—including Kalshi and Polymarket—accusing them of operating unlicensed sports betting platforms. Nevada also issued a temporary ban on Kalshi earlier in March.

Meanwhile, the CFTC has taken an offensive stance as well, suing several states—arguing that federally regulated event contracts should fall under its authority. According to earlier Cointelegraph reporting, the CFTC’s legal actions are aimed at reinforcing the agency’s jurisdiction over products it views as derivatives.

In that context, better market data infrastructure may help participants operate more effectively, but it does not resolve the classification question that determines where and how these markets can be offered. Traders and developers looking at the space may therefore see two parallel tracks: technical maturation through data distribution, and legal outcomes that determine geographic reach.

Looking ahead, readers should watch whether improved access to real-time order book feeds accelerates participation from professional market makers and automated traders—and whether regulatory decisions continue to constrain Kalshi’s ability to offer sports-linked contracts in key jurisdictions.