Wall Street Infrastructure Comes to Prediction Markets

Summary

Austin Federa, co-founder of DoubleZero, discusses the partnership with Kalshi to bring low-latency Wall Street-grade market data to prediction markets. The episode also covers tokenization of commercial shipping with Shipfinex and ADI Chain. Federa argues prediction markets are core financial infrastructure, while new finance still needs to close performance and reliability gaps.

• DoubleZero Edge and Kalshi announced fast market data feeds for Kalshi sports and crypto markets.
• Federa explains why Wall Street infrastructure took time to reach crypto and prediction markets.
• Brand New Rails features Shipfinex and ADI Chain tokenizing commercial shipping assets.
• Commercial shipping tokenization aims to open access with minimum $1,000 investments but remains pending regulatory approval.
• Federa argues prediction markets let retail traders and small businesses access hedging previously reserved for large firms.
• He says faster data levels the playing field rather than hurting retail traders.
• Federa highlights the 10/10 flash crash as evidence new finance needs better reliability and market data.
• The biggest challenge for new finance is matching traditional finance performance, resilience, and failover.