U.S. prediction market platform Kalshi said it will distribute its real-time order book data through DoubleZero's DoubleZero Edge network and offer the feed to institutional trading firms by subscription. According to Odaily, the initial data covers Kalshi sports event contracts and crypto perpetual contracts, including Level 1 data with the best bid and ask and Level 2 data with multiple layers of orders.

The data will be sent in a machine-readable format through multicast synchronization and can be used for pricing, hedging, and automated trading. Kalshi said it will waive its own data licensing revenue share for the first year, with subscription fees mainly covering network transmission. DoubleZero said the arrangement will provide prediction market participants with market data infrastructure similar to that used in traditional finance.