DoubleZero Adds Kalshi Election Markets to Institutional Data Feed Ahead of Midterms

1 hour ago 2 sources positive

Key takeaways:

  • Faster political data for institutions could widen edge over retail traders.
  • Conflicting state rulings may fragment prediction-market liquidity across jurisdictions.
  • Kalshi's BNB and Cardano perps signal convergence of political and crypto derivatives.

On September 9, 2026, DoubleZero Foundation announced that Kalshi's elections and politics markets are now live on the DoubleZero Edge market data distribution platform, ahead of the U.S. midterms scheduled for November 3. The integration expands DoubleZero's coverage beyond sports event contracts and crypto perpetual futures, giving institutional participants a real-time view of political prediction markets.

Andy Ross, head of institutional at Kalshi, said: 'Election markets give institutions a real-time, tradable view into how expectations shift as political events unfold. By making Kalshi’s political market data easier to integrate into institutional workflows, DoubleZero Edge gives firms a valuable new tool to price risk, manage exposure and adjust positions as market expectations change.' Prediction markets surged after the 2024 election cycle, and platforms such as Kalshi and Polymarket are now valued at tens of billions of dollars. Reuters reported that more than $133 million had been traded in certain U.S. races as of mid-August 2026, already outpacing 2024 election cycle activity.

DoubleZero co-founder Austin Federa responded to concerns that professional firms receiving faster information could gain an advantage over retail users. He said the feed is open to any subscriber, and that 'the fastest data path shouldn’t be private rails and at unreachable price-levels.' DoubleZero Edge distributes Kalshi's full election order book — bids, offers, and completed trades — over dedicated fiber and multicast, replacing public-internet delivery used by Kalshi's API and WebSocket. Federa stressed that the platform is read-only and has no execution functionality; orders must still be sent through Kalshi's trading systems.

Federa added that access requires a paid subscription but can be purchased through DoubleZero’s website without a traditional sales process. Subscribers choose between top-of-book and full-depth data. DoubleZero will publish transport benchmarks but not market-quality scorecards. He also acknowledged that Kalshi faces an uneven legal environment, with conflicting state court rulings potentially dividing prediction-market access and liquidity between states.

Kalshi, a CFTC-regulated designated contract market, has continued expanding crypto derivatives. On September 4, it added five crypto perpetuals tied to BNB, Cardano, Worldcoin, Aave, and Venice Token, bringing its lineup to Bitcoin and 17 altcoin perpetual contracts. CME Group has challenged the CFTC’s treatment of Kalshi’s Bitcoin perpetual, arguing it should be regulated as a swap. Kalshi also recently banned George Santos after he traded on whether he would attend President Donald Trump's 2026 State of the Union address; the exchange imposed a $71,356 penalty and permanently barred him.

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