A European sports data provider is delivering its services to Kalshi as the prediction market bolsters its sports contracts following a strong start to the NFL season.
STATSCORE announced on Tuesday a three-year partnership with Kalshi to provide the platform with its live sports scores and statistics. Kalshi’s deal with STATSCORE provides the prediction market with technology to enhance its sports contracts with live updates.
The integration allows Kalshi users to stay up-to-date with trading and their contracts.
STATSCORE is providing Kalshi with live data and analytics for major sports competitions, including the NFL and NCAA football, the NBA, MLB, NHL and Formula 1.
“STATSCORE’s precision and depth in sports data make them a great partner to enhance our platform’s sports products,” said Kalshi Head of Corporate Development Sara Slane. “Together, we are equipping Kalshi users with the ability to see live updates of in-game activity, which will help enhance the user experience.”
STATSCORE is collaborating with a prediction market as a trusted provider of sports data to sportsbooks worldwide. The company has partnerships with Kambi and Pragmatic Play Sports. STATSCORE’s portfolio of partners also features some of the largest entities in gaming, including Aristocrat, EveryMatrix and Playtech.
STATSCORE also provides services to online casino brands, securing a partnership with iGaming solutions provider Betbazar last month. The deal provides Betbazar with rights to leverage STATSCORE’s live match tracking products across its network of operators.
LSports, a sports data supplier, acquired STATSCORE in 2022 in a multi-million dollar deal.
Kalshi kicks off a new NFL season
Kalshi’s sports contracts resonated with NFL fans to begin a new season with the prediction market posting $441 million in trading volume between last week’s Thursday night game between the Dallas Cowboys and Philadelphia Eagles and the first full Sunday of league action on Sept. 8. According to Kalshi CEO Tarek Mansour, the company reported approximately $200 million in trading volume on Sunday alone.
The results for Week 1 of the NFL season mirrored trading for the U.S. election.
Kalshi’s trading volume includes every single buy/sell transaction, even if the money has already been accounted for. By comparison, sportsbook handle is the total amount of money wagered on events by customers.
New trading options for Kalshi users
The prediction market is benefiting from the recent launch of parlay-style sports contracts.
Earlier this month, Kalshi prepared for its debut of ready-made parlay-style contracts by self-certifying the contracts with the Commodity Futures Trading Commission (CFTC) as a registered designated contract market. The CFTC reviewed the contracts with the new offerings featuring individual games, weeks of a season, drafts and postseason play.
The event outcomes include player and team statistics, awards and milestones. Kalshi developed a football-specific rulebook for its parlay-style contracts with current and former NFL and NCAA players banned from trading football contracts with multiple outcomes. Paid employees of the NFL and household members and immediate family are also barred.
Kalshi launched parlay-style contracts after it self-certified contracts with the CFTC on football games that resemble point spreads, point totals and player props.
