Crypto wallet Phantom is rolling out prediction markets to its 20 million users through a partnership with Kalshi, the US-regulated event trading exchange, the firm said on Friday.
The feature will allow Phantom users to trade real-world outcomes such as US elections, macroeconomic events or crypto prices without leaving the wallet interface. Phantom also introduces chat functionality to the marketplaces, adding a social element to the prediction markets, the press release said.
Users will be able to open trades using all Solana-based tokens, including SOL, USDC and Phantom’s CASH stablecoin, or even memecoins like Fartcoin (FART), Phantom CEO Brandon Millman said on stage Friday at Solana Breakpoint in Abu Dhabi.
Phantom’s move fits into a trend of crypto wallets adding more features such as stablecoins, perpetuals trading and prediction markets to their platform, with the aim of offering an all-in interface to crypto users.
The Kalshi addition to Phantom comes on the heels of MetaMask, Ethereum’s most popular wallet, adding Kalshi rival Polymarket to onchain prediction markets. Phantom earlier this year introduced its own in-app stablecoin CASH, issued by Stripe, and added perps and tokenized shares.
Prediction markets have emerged as a fast-growing sector at the intersection of crypto markets and traditional markets, popularized last year with the 2024 US election.
Kalshi operates under federal supervision by the Commodity Futures Trading Commission (CFTC). However, Kalshi and other prediction markets may face pushback after a federal court in Nevada ruled that contracts based on sporting events can fall under the purview of the state’s gambling laws.
