DoubleZero co‑founder defends open access to faster Kalshi election‑market data

DoubleZero Edge now distributes Kalshi’s full election‑market order‑book over a dedicated fiber network, offering a read‑only data feed that is faster than Kalshi’s public‑internet API and WebSocket. Co‑founder Austin Federa explained that the service does not allow order entry; it simply transports market data to subscribers.

Open‑access design

Federa emphasized that any participant can subscribe to the same feed, eliminating private‑rail advantages. Subscribers receive the data via multicast on dedicated fiber, which is intended to deliver the same sequenced messages to all users simultaneously.

Impact on retail vs. professional traders

Professional market makers may use the quicker updates to adjust quotes faster, but Federa argued that competition among them can tighten spreads and improve prices for all participants. The service does not restrict access to a select group of firms, and the subscription process is automated through a single‑command connector linked to a cryptographic identity.

Technical details

• Data is broadcast as JSON after conversion from the multicast stream.
• Subscribers can choose top‑of‑book or full‑depth order‑book data.
• Latency benchmarks will be published as they become available; no specific figures have been released yet.

Regulatory context

Kalshi operates as a CFTC‑regulated designated contract market, offering election, politics, sports and crypto perpetual contracts. Ongoing legal uncertainty across U.S. states could affect market access and liquidity.

Limitations

DoubleZero Edge provides no execution capability; all orders must still be routed through Kalshi’s own trading systems.