Kalshi, a CFTC-regulated derivatives exchange that offers event-based contracts, is now distributing its real-time order book data through DoubleZero Edge, enabling trading firms to access the prediction market's live data over DoubleZero's fiber network, the companies announced Wednesday.

The partnership comes as prediction markets have grown in trading volume and institutional participation, drawing firms that expect the same caliber of data infrastructure found in traditional financial venues.

According to a joint announcement by the DoubleZero Foundation and Kalshi, the subscription feed initially covers Kalshi's sports event contracts and crypto perpetual futures — a subset of the exchange's broader marketplace, which spans politics, economics, and other real-world events. The feed includes both Level 1 data, which displays the best available prices and completed trades, and Level 2 data, which shows buy and sell orders across multiple price levels.

For Kalshi, the partnership with DoubleZero rests on the principle that better markets are built on better connectivity.

"The firms participating on Kalshi today are increasingly the same top-tier names as those in traditional markets. They're looking for institutional-grade infrastructure everywhere they trade," said Andy Ross, Head of Institutional at Kalshi, in a statement. "By making our market data available over DoubleZero Edge, we're meeting them where they are."

DoubleZero CEO Austin Federa explained that the key distinction lies in how the data is delivered.

"The practical difference is who has to build things. Previously, a firm wanting a production-grade view of the book built it," Federa told Decrypt. "Now it's a subscription: buy access, run one install command, and the data arrives in a format software can consume directly."

DoubleZero Edge employs a multicast system that delivers the same machine-readable data to all connected traders simultaneously, an approach long standard at major financial exchanges where direct data feeds are a core part of market structure. The new feed provides formatted data that firms can use for pricing, hedging, and automated trading strategies.

Kalshi said it will waive its share of subscription fees during the feed's first year. The companies stated that fees will therefore cover network delivery costs rather than Kalshi's data-licensing costs, though they did not disclose specific subscription prices.

Federa noted that the integration gives prediction-market traders access to the same type of data infrastructure long utilized in traditional finance.

"Traditional finance got this concept exactly right: data access is a critical part of market structure," Federa said. "Kalshi coming online shows that Edge optimizes market data for any venue, onchain or off."

Addressing concerns that the service could give professional traders an advantage over regular users, Federa argued that broader access to faster data would increase competition and ultimately improve prices for all participants.

"Professional traders compete on speed with each other, but not necessarily with regular users," he added. "It's that competition that produces tighter spreads and better prices for everyone participating on an exchange."