Key Points
- Kalshi integrates DoubleZero’s institutional-grade data infrastructure into its prediction platform
- The system employs dedicated fiber networks to deliver synchronized exchange and blockchain data to all participants
- This marks the first time a prediction platform offers real-time order book feeds for sports and crypto perpetual contracts
- Weekly trading volume shows sports contracts at 37.8% and cryptocurrency at 20.3%
- The platform continues to navigate ongoing legal challenges with various state regulators regarding sports markets
The prediction platform Kalshi has integrated DoubleZero’s institutional-quality data infrastructure into its order book system. This integration addresses the increasing requirements from professional trading firms seeking enhanced speed and reliability when accessing crypto and prediction market information.
Built on Solana, a prominent layer-1 blockchain network, DoubleZero operates as a data transport solution. Its flagship DoubleZeroEdge product distributes real-time exchange and blockchain data across dedicated fiber infrastructure, ensuring simultaneous delivery to all network participants.
Professional traders in conventional finance have utilized specialized private networks for high-speed data access for years. However, cryptocurrency market participants predominantly depend on regular internet infrastructure. DoubleZero aims to eliminate this technological disparity.
“This distribution approach mirrors the foundation that has supported conventional financial exchanges, including NYSE, Nasdaq, and CME, throughout multiple decades,” the DoubleZero Foundation announced in Wednesday’s press release.
Available Data Services
Kalshi becomes the inaugural prediction platform to offer real-time order book information for sports and cryptocurrency perpetual contracts via specialized data distribution channels.
Cryptocurrency perpetual contracts represent derivative instruments enabling traders to take positions on asset valuations without fixed settlement dates. These products rank among Kalshi’s highest-volume trading instruments.
Platform users connecting to this feed receive structured, machine-parsable order book information. This eliminates the requirement for traders to construct custom infrastructure from raw API responses and order data.
DoubleZero co-founder Austin Federa emphasized that data accessibility represents a “critical part” of functional market infrastructure, noting that comparable systems have remained absent from emerging financial sectors including cryptocurrency and prediction platforms.
Wednesday’s joint announcement confirmed immediate availability for new DoubleZero Edge platform subscribers.
Platform Trading Activity Analysis
Dune analytics reveals that exotic contracts lead Kalshi’s activity with 39.4% of weekly notional volume. Sports-related contracts follow at 37.8%, while cryptocurrency markets represent 20.3% of total activity.
Kalshi and Polymarket represent the dominant prediction platforms worldwide. Earlier in July, OpenAI integrated Kalshi’s market probability data for FIFA World Cup events into ChatGPT’s search functionality.
Platforms like Kalshi generate probabilistic assessments for real-world events including central bank decisions and economic indicators. These market-moving events can trigger price adjustments in milliseconds, making rapid data delivery essential for institutional participants.
Meanwhile, Kalshi confronts mounting regulatory scrutiny. State authorities in Michigan, Kentucky, and Nevada have contested its sports-related contracts, claiming they represent unauthorized wagering operations. The CFTC maintains that federal oversight governs these instruments.
The CFTC has initiated legal proceedings against multiple states to preserve its jurisdictional authority, with litigation currently in progress.
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