Prediction market platform Kalshi has made its live order book available through data provider DoubleZero Edge's dedicated fiber network, marking the first time a prediction market has distributed real-time order book data for sports and crypto perpetuals event contracts, according to a Wednesday announcement shared with Cointelegraph.

The new feed will be accessible to DoubleZero Edge subscribers, offering a machine-readable view of prediction market data without requiring users to build their own infrastructure from raw order books and application programming interface (API) responses. The offering mirrors the low-latency market data infrastructure long standard in traditional equities and futures trading, where direct fiber access to exchange feeds is considered baseline infrastructure for institutional participants.

Austin Federa, co-founder of DoubleZero, emphasized that data access is a "critical part" of market structure. He noted that related infrastructure has been lacking in emerging financial paradigms such as crypto, perpetuals, and prediction markets, and said this initiative will deliver institutional-grade infrastructure to industry participants.

According to Dune data, sports account for 37.8% of Kalshi's weekly notional volume, ranking as the platform's second-largest category. Crypto perpetuals place third at 20.3%, while exotics lead with 39.4% of weekly notional trading volume.

In early July, OpenAI began displaying Kalshi's prediction market odds for FIFA World Cup matches within ChatGPT search results.

Kalshi's sports event contracts remain at the center of an ongoing jurisdictional dispute between state regulators and the federal Commodity Futures Trading Commission (CFTC). State authorities contend the contracts constitute wagers governed by state gambling laws, while the CFTC and Kalshi maintain they are derivatives falling under the CFTC's exclusive jurisdiction. The outcome of the dispute carries implications for the broader prediction market sector, as a definitive resolution would clarify whether platforms like Kalshi — which operates as a CFTC-regulated designated contract market — can offer sports contracts nationally without state-level compliance burdens.

On June 29, a Michigan judge temporarily blocked Kalshi from allowing state residents to place bets on sporting events. Days earlier, Kentucky sued five prediction market platforms, including Kalshi and Polymarket, accusing them of operating unlicensed sports betting operations. Nevada had also issued a temporary ban on Kalshi in March.

The CFTC has separately sued several states, arguing that federally regulated event contracts fall under its exclusive authority.

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