Kalshi has launched a real-time market data feed for sports and crypto perpetuals, built on DoubleZero's dedicated fiber network. The feed gives trading firms direct access to order books, a move aimed at strengthening institutional data access.
What the feed offers
The new feed covers both sports and crypto perpetuals, delivering order book data in real time. That means trading firms can see bids, asks, and depth as they change, rather than relying on delayed or aggregated snapshots. For firms that run algorithmic strategies or need to gauge liquidity quickly, this kind of direct feed is a practical upgrade.
Kalshi didn't say which sports or which crypto perpetuals are included, but the scope is clear: the feed is built for professional trading operations, not casual retail users. The emphasis on order book access suggests the exchange is targeting firms that need granular market data to execute and manage risk.
Why the fiber network matters
The feed runs on DoubleZero's dedicated fiber network. A dedicated network means the data path isn't shared with general internet traffic, which can reduce variability in transmission. For a real-time feed, that's a meaningful detail—trading firms often care about consistent, low-latency delivery, and a dedicated fiber link is one way to get it.
DoubleZero is the infrastructure provider here, and Kalshi's choice to use its network signals a focus on performance. The exchange didn't disclose technical specifics like latency or throughput, but the decision to partner with a dedicated fiber provider rather than rely on standard internet connections is a deliberate one.
Institutional focus
The launch is squarely aimed at institutional data access. Kalshi has been building out its offerings beyond its original prediction market roots, and this feed is another step in that direction. By giving trading firms direct order book visibility, the exchange is trying to make its markets more attractive to professional participants who expect robust data infrastructure.
It's not a flashy announcement, but it's a practical one. For firms that trade sports or crypto perpetuals, having a reliable real-time feed can be the difference between getting a fill and missing the move. Kalshi's move puts it in a better position to compete for that business.
The feed is live now, though Kalshi hasn't said which firms are already connected or whether there are plans to expand the offering to other asset classes. That's the next thing to watch.
