Phantom wallet users can now trade opinions on real-world events directly within the app, thanks to a new integration with Kalshi, the world’s largest regulated prediction market.
Key Takeaways
- Phantom has launched in-app Prediction Markets through a direct integration with Kalshi, enabling trading on events like elections, sports, and crypto trends.
- Users can trade using SOL or CASH tokens without needing external accounts or platforms, keeping all activity within the Phantom wallet.
- Each market includes live price tracking, notifications, and community chat, making prediction markets interactive and easy to access.
- Kalshi operates under CFTC oversight, lending regulatory credibility to the new feature inside Phantom.
What Happened?
Phantom, a crypto wallet used by over 20 million people, has added prediction markets to its interface via a partnership with Kalshi. The new feature allows users to discover trending topics, track evolving odds, and trade on real-world events without leaving the app. It’s designed to be as simple as swapping tokens, lowering the barrier for new users to participate in prediction-based markets.
Introducing @Phantom Prediction Markets, powered by Kalshi
— Kalshi (@Kalshi) December 12, 2025
The largest crypto wallet meets the largest prediction market.
Trading events onchain just became easier than ever. pic.twitter.com/cMloTIcsHS
Prediction Markets Come to Phantom
Phantom Prediction Markets bring Kalshi’s regulated event contracts directly to the crypto wallet’s user interface. Users can now speculate on outcomes across politics, sports, entertainment, and macroeconomics.
- Trades can be placed using Solana (SOL) or Phantom’s stablecoin CASH, eliminating the need for external deposits.
- Tokenized positions referencing Kalshi’s underlying regulated markets are available within the wallet.
- Live updates on prices, odds, and scores are integrated into the experience, with notifications when positions settle.
According to Phantom, the goal is to blend financial utility with user-friendly design, allowing users to explore prediction markets just as easily as they would use other DeFi tools.
Built for Real-Time Interaction
Phantom has also introduced a live community chat for each prediction market. This lets users:
- Share opinions on political outcomes, economic data, or sports games.
- Follow real-time sentiment shifts as market odds update.
- Engage in fast-moving discussions as events unfold.
This feature transforms event trading into a social experience, merging speculation with crowd-driven insights.
Kalshi’s Regulated Infrastructure Powers the Market
Kalshi’s presence brings an important layer of legitimacy to Phantom’s new feature. As a CFTC-regulated exchange, Kalshi designs its markets around clearly defined, objectively verifiable outcomes. Its infrastructure underpins Phantom’s prediction tools, ensuring users have access to:
- Verified, regulated markets with institutional-grade oversight.
- Real-time data on event probabilities based on live trades.
- A reliable framework for settling outcomes.
Kalshi has seen major growth in 2024, with over 5.8 billion dollars in trading volume in a single month and new integrations with Google Finance, CNN, and even the NHL.
A Seamless Crypto Experience
The integration reflects a broader strategy by Phantom to become more than a wallet. With features like token swaps and perpetuals already built-in, prediction markets now expand the toolkit into new territory:
- All trades and interactions remain inside the wallet.
- There’s no need for separate accounts or off-platform steps.
- Users gain a unified, all-in-one DeFi experience.
Brandon Millman, CEO of Phantom, explained the vision:
Strategic Expansion for Kalshi
Kalshi CEO Tarek Mansour noted that the partnership opens an important new channel. He said:
Mansour added that Kalshi’s goal is to lead onchain the same way it has offchain, and embedding prediction markets into Phantom marks a key milestone in reaching that vision.
CoinLaw’s Takeaway
I find this integration genuinely exciting. In my experience, prediction markets have long been too clunky or isolated from everyday crypto use. Embedding them into a wallet people already trust and use every day is a smart move. It keeps users in a familiar space while exposing them to a new, regulated way to act on their beliefs about the world.
Plus, the social chat features are more than just fun add-ons. They turn trading into conversation, which could attract a broader user base that thrives on community insight. If you’re already using Phantom, this feels like a no-brainer to explore.
