Kalshi debuts real-time crypto and sports order books

Kalshi streams real-time order book data for sports and crypto perpetuals via DoubleZero Edge, offering institutional-grade feeds and waiving revenue share for the first year.

Kalshi has become the first prediction market to stream real-time order book data for sports and crypto perpetual futures through DoubleZero Edge, a dedicated fiber network. This integration delivers both Level 1 (top of book and trades) and Level 2 (depth of book) data, enabling institutional and algorithmic traders to access machine-readable feeds directly, without the need to reconstruct order books from APIs. The initiative aims to bring institutional-grade infrastructure to prediction markets, aligning them more closely with traditional exchanges. To encourage adoption, Kalshi is waiving its revenue share for the first year, significantly lowering entry costs for new participants. This upgrade is expected to enhance trading efficiency and data accessibility, particularly during periods of high volatility in the crypto sector. Sports and crypto remain the most actively traded categories on Kalshi, with exotics leading in weekly notional volume.