DoubleZero infra to supercharge Kalshi - Ft. Austin Federa

Summary

Gareth Jenkinson recaps crypto headlines including Tether's KPMG audit, Gemini's first public earnings, Bullish's results, Kalshi regulatory challenges, and a phishing incident. The interview with DoubleZero co-founder Austin Federa focuses on the DoubleZero-Kalshi integration, how multicast fiber networks deliver full market depth faster, prediction market maturation, and why low-latency infrastructure matters for AI agents and high-frequency traders. Federa also discusses DoubleZero's neutral fiber network model and the coming bandwidth expansion for AI data centers.

• Host recaps Tether's clean KPMG audit, Gemini's post-IPO loss, Bullish's narrower loss, Kalshi's Washington state order, and a Google ad phishing loss.
• Austin Federa explains DoubleZero's Kalshi integration enables subscription to full Kalshi event contract data with market depth via multicast fiber.
• Federa argues prediction markets are becoming core financial infrastructure and offer cheaper hedging than legacy exotic products.
• DoubleZero is described as a neutral high-speed fiber network with smart contract provisioning, differing from oracles that aggregate prices.
• Federa says AI-agent and HFT traders increasingly need physical proximity and low-latency data feeds to compete.
• He identifies connectivity/fiber bandwidth as the current bottleneck for AI data centers, more limiting than chip performance.
• Federa mentions Corning's recent strength as evidence the market is taking fiber buildout demand seriously.