Kalshi will have access to official league data for NHL and MLB games after agreeing to a deal with Sportradar, marking the data giant’s first prediction market partnership.
The deal, announced by press release Monday, covers MLB, the NHL, MLS, and UFC, among other leagues. MLB and the NHL had already announced prediction market partnerships. The NBA — which Sportradar also owns the right to distribute sports betting data for, but which has not announced any league-level prediction market partnership — was not mentioned.
The deal is the first made by Sportradar’s new division — Sportradar Prediction Services, which was set up to offer Sportradar’s services to companies in the prediction market space.
Deal provides for brokers, market makers
The press release says the agreement will also allow Sportradar to enter into agreements with Kalshi market makers, as well as brokers that offer access to Kalshi contracts.
During Sportradar’s first-quarter earnings announcement in April, CEO Carsten Koerl said his company could have something to offer to many different types of businesses in the prediction market world, including brokers and market makers.
“Prediction markets represent a compelling growth engine for the global sports ecosystem and Sportradar is uniquely positioned to shape and power this emerging sector,” Koerl said in the press release. “Our partnership with Kalshi extends the reach of our premium sports data and services into a rapidly evolving landscape, fostering collaboration with market makers and the broader marketplace.
“This partnership with Kalshi marks a critical first step. We look forward to working with key prediction market participants as the landscape matures, establishing the trusted, compliant framework for sports innovation just as we have successfully delivered in online sports betting.”
Kalshi CEO Tarek Mansour said the deal would lead to an improved experience for customers.
“The breadth and depth of this partnership is what makes it a big deal,” he said. “We’re using official league data to ensure quicker trade settlements, creating an overall better customer experience. We’re also collaborating on an integrity monitoring program to further protect our users.”
Shares in Sportradar — which had fallen dramatically in April amid two short-seller reports — surged on the news, up by as much as 10.6% to $15.38. They are now up more than 30% from their low point of $11.66 on the day those reports came out.
