Low Observable Technology (LO:TECH), a London-based digital-asset trading and market-data firm founded in 2023, has become a licensed distributor of market data from Kalshi, which bills itself as the world's largest prediction market, the company said on 8 Jul.
Kalshi Licenses LO:TECH To Distribute Its Event Data to Institutions
8 July 2026 - 15:00 CEST
By Isabelle Castro
The agreement gives LO:TECH's professional clients access to live and historical order-book data across Kalshi's full range of event markets, routed through the same infrastructure that runs the firm's high-frequency trading and liquidity operations, so clients receive it in a consistent format rather than stitching together raw feeds. LO:TECH is one of the first licensed distributors of Kalshi data, chief executive Tim Meggs told Sandmark. Kalshi has recorded more than $100bn in cumulative trading volume across its event contracts.
Inside the agreement
LO:TECH is following the demand it has tracked over the past year. It began offering a prediction-market data service in February 2026, and a company blog post described the sector as having moved "from backwater academic novelty to being touted as new financial primitives" since the last US presidential election.
"People who have come to us for this sort of data are using it for research, they're using it for post-trade analysis, they're using it for generating trade ideas," Meggs said.
Under the agreement, LO:TECH will supply Kalshi data to funds, banks and researchers directly through its platform, so clients can analyse it with tools they already use. The licence gives Kalshi visibility over where its data is used and lets it set the parameters within which LO:TECH uses it.
"Someone might trade an S&P future because they think a certain piece of economic news is going to be good or bad," Meggs said. "A prediction market can sort of slot in a few steps earlier and say, well actually, we can let you trade this actual economic event or this announcement. And so it's a lot more precise."
Broader shift
"Access to event market contract data is essential for enabling institutional participants to manage and hedge risk more effectively," Andy Ross, head of institutional at Kalshi, said in a statement.
According to Crisil Coalition Greenwich research published in January, 43% of capital-markets participants viewed prediction markets as a new source of alternative data for hedging, while nearly three-quarters expected event contracts to introduce new forms of financial speculation to institutional investors within a year.
Intercontinental Exchange (ICE), the owner of the New York Stock Exchange, made a strategic investment of up to $2bn in Polymarket. The deal includes ICE acting as the global distributor of Polymarket’s event data to institutional clients. Meggs said LO:TECH's own conversations with Polymarket are ongoing.
