Kalshi is now streaming live order-book data to trading firms via DoubleZero Edge, bringing institutional-grade market data to the prediction-market and crypto-perpetual space. What’s new - Kalshi’s real-time order book will be distributed over DoubleZero’s fiber network as a subscription feed, the DoubleZero Foundation and Kalshi announced Wednesday. - The initial feed covers Kalshi’s sports event contracts and crypto perpetual futures and delivers both Level 1 (best prices and completed trades) and Level 2 (buy/sell orders across multiple price levels) data. - Data is multicast — the same machine-readable feed is sent simultaneously to connected firms — and arrives in a ready-to-consume format intended for pricing, hedging and automated trading. Why it matters - Kalshi says the move is about matching the connectivity expectations of institutional participants. “The firms participating on Kalshi today are increasingly the same top-tier names as those in traditional markets,” said Andy Ross, Kalshi’s Head of Institutional. Making the data available over DoubleZero Edge is designed to “meet them where they are.” - DoubleZero CEO Austin Federa highlighted the practical shift for clients: rather than building their own production-grade view of the book, firms can now buy access, run a single install, and receive the data in a format their software can use. - By applying multicast delivery and low-latency fiber, the integration brings the kind of market-data infrastructure long used in traditional finance to prediction markets and off-chain venues — a step that could deepen liquidity and enable more sophisticated automated strategies. Costs and access - Kalshi will waive its share of subscription fees for the feed’s first year; the companies say fees will cover network delivery rather than Kalshi’s data-licensing costs. Subscription pricing has not been disclosed. Fairness concerns - Some worry faster, commercial feeds primarily benefit professional traders. Federa argues broader, standardized access actually raises competition and improves prices: professional traders will still compete on speed with each other, he said, and that competition “produces tighter spreads and better prices for everyone participating on an exchange.” Bottom line The Kalshi–DoubleZero tie-up brings a trad-fi-style market-data stack to prediction markets and crypto perpetuals, simplifying access for institutional players and potentially accelerating professional participation and automated trading in these venues.
Kalshi Partners with DoubleZero Edge to Offer Institutional-Grade Order-Book Data
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Summary
Kalshi has partnered with DoubleZero Edge to deliver institutional-grade order-book data, including Level 1 and Level 2 feeds for sports and crypto perpetuals. The data is multicast via low-latency fiber, meeting institutional trader expectations. DoubleZero Edge offers a ready-to-use format for pricing and automated trading. With inflation data influencing market sentiment, this move supports real-time decision-making. Traders are advised to monitor altcoins to watch as market conditions evolve.
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