Chiara Bianchi
Web3 wallet Phantom has rolled out a new feature that embeds prediction markets directly inside its app, following a fresh integration with Kalshi. The move allows users to browse, monitor, and trade positions on real-world events without ever leaving the Phantom wallet.
Dubbed Phantom Prediction Markets, the feature covers a wide range of categories including politics, crypto, sports, and pop culture, with Phantom describing the experience as being as seamless as executing a token swap.
Through the integration, Phantom users can buy tokenized positions linked to Kalshi markets using SOL or Phantom’s CASH stablecoin. This removes the need to open separate accounts or transfer funds across platforms.
Users can track live prices, odds, scores, and event updates in real time. The wallet also sends notifications once markets resolve and positions are settled, making the experience fully native to the Phantom ecosystem.
The Phantom rollout comes as Kalshi continues to see explosive growth across political, economic, and cultural markets. According to recent data, the platform generated $5.8 billion in trading activity last month, highlighting increasing demand for event-based markets.
Kalshi operates under the oversight of the U.S. Commodity Futures Trading Commission (CFTC), with contracts structured around clearly defined and objectively verifiable outcomes tied to news events, economic data, sports seasons, and entertainment milestones.
Expanding Phantom’s Trading Toolkit
Phantom said prediction markets naturally extend its existing product suite, which already includes token swaps and perpetual futures trading.
Each market inside the wallet features a live community chat, enabling traders to exchange views, gauge sentiment, and react collectively as odds shift.
“We built Phantom to make crypto feel intuitive for everyone,” said Phantom CEO Brandon Millman, adding that the same simplicity is now being applied to prediction markets.
Kalshi Integrations Gain Momentum
Kalshi’s footprint has expanded rapidly beyond crypto wallets. The company recently raised $1 billion at an $11 billion valuation, with backing from Paradigm, Sequoia Capital, and Andreessen Horowitz.
Meanwhile, rival Polymarket secured a $2 billion investment from ICE earlier this year and is reportedly seeking additional funding at a valuation of up to $15 billion, underscoring rising institutional interest in prediction markets.
In recent weeks, Kalshi data has been adopted by Google Finance, the NHL, CNN, CNBC, and Robinhood, with the latter now accounting for over 50% of Kalshi’s total trading volume.
Phantom Unlocks a New Onchain Growth Channel
Kalshi CEO Tarek Mansour described the Phantom partnership as a major expansion opportunity, noting that it brings Kalshi’s markets to millions of crypto-native users.
“At Kalshi, we aim to lead onchain just as we do offchain,” Mansour said, adding that the Phantom integration represents a key step toward that vision.
