Kalshi Turns to Statscore for Its Live Sports Data

Kalshi, the U.S.-based regulated financial exchange and prediction market, has signed a deal with Statscore to provide real-time scoring in several sports, including the NFL, NCAA football, NBA, MLB, NHL, and Formula 1.

Kalshi Taps Statscore

Kalshi has engaged Statscore to provide it with real-time scores and results from games in the NFL and college football, as well as all the major North American leagues and F1 Racing. 

George Fotev, VP of Sales at Statscore, said, “Partnering with Kalshi allows us to bring STATSCORE’s data expertise directly to a platform that serves millions of active sports trading participants. By integrating real-time statistics and advanced analytics into Kalshi’s platform, we are enabling a level of precision and engagement that redefines how users experience sports trading content.”

Kalshi’s Head of Corporate Development, Sara Slane, stated, “STATSCORE’s precision and depth in sports data make them a great partner to enhance our platform’s sports products. Together, we are equipping Kalshi users with the ability to see live updates of in-game activity, which will help enhance the user experience.”

Kalshi has also embarked on an advertising campaign now that the most popular sports betting season has arrived with the advent of the NFL and college football seasons. In a recent commercial, Kalshi used the images of the NFL’s San Francisco 49ers, the Seattle Seahawks, and photos of quarterback Brock Purdy and running back Kenneth Walker III without permission. 

Kalshi Bullish on Sports

Despite a blizzard of litigation from irate state gaming regulators, Kalshi has not backed down from any legal fights and, in fact, has scored several courthouse victories at the federal level but suffered its first setback in Maryland in a state ruling. 

Kalshi is a financial exchange and prediction market that is governed by the US Commodity Futures Trading Commission (CFTC), which allows it to operate unfettered throughout the United States and not under the governance of state regulators. 

The Legal Question of Prediction Markets

However, the legality of prediction markets like Kalshi operating as pseudo-sportsbooks and offering contracts instead of a sportsbook portal is still a legal question yet to be answered. Traditionally, financial exchanges have dealt in commodities like gold, silver, and pork bellies, to name a few. 

Investors would buy contracts on these commodities through exchanges like Kalshi, which would have an expiration date. They could keep them or sell them to other traders through the financial exchange. But then Kalshi and some others decided to roam outside of the norms and offer contracts on political races, as they did during the presidential election. 

Subsequently, Kalshi began offering contracts on the Super Bowl, ignoring any state regulators who were arguing they were operating in their states without a sports betting license. Thus, the legal drama began to unfold, and the CFTC chose not to intervene. 

Moving Forward With Sports Betting Deals

But if anyone believed Kalshi would hit the pause button on their sports event contracts, they were sorely mistaken. Kalshi’s recent deal with Statscore underscores the company’s determination to maintain its standing as a contract event trader in the world of sports betting.