Phantom and Kalshi bring prediction markets to the crypto wallet

(PRESS RELEASE) -- Phantom, a leading crypto wallet trusted by more than 20 million users, and Kalshi, the world’s largest prediction market, today introduced a new way to trade what’s trending. With Phantom Prediction Markets, users can tap into the moments shaping politics, crypto, sports, and culture, discovering markets and watching odds move in real time, all from inside the wallet they already use. Opening a position is as simple as swapping a token.

Kalshi’s record volumes, rapid user growth, and expanding open interest across political, economic, and cultural markets, combined with Phantom’s wallet features and user base, provide Phantom users with an experience that meets them where they already are. Phantom allows individuals to use Solana tokens or CASH, removing the friction of depositing funds or creating additional accounts, to purchase tokenized positions that reference Kalshi's Prediction Markets. Throughout each event, users can follow live prices, odds, scores, and updates as they unfold, with notifications delivered when markets and positions settle.

Phantom Prediction Markets also introduce a social element to trading on Phantom. Each market features a live community chat where users can share ideas, track sentiment, and engage in fast-moving conversations as odds shift. Prediction Markets also complement Phantom's existing trading tools, including swapping tokens and perps, creating a single destination for accessing new financial activities.

"We built Phantom to make crypto feel intuitive for everyone, and now we are bringing that same simplicity to prediction markets," said Brandon Millman, CEO, Phantom. "By integrating a layer of tokenized positions referencing Kalshi's regulated event markets with Phantom, users can trade what they care about in real time alongside the same community where they already explore DeFi, perps, stablecoins, and more."

Kalshi, which operates under CFTC oversight, has led the institutionalization of event trading in the United States. Its markets allow participants to trade on well-defined and objectively resolvable outcomes across global news, sports seasons, economic data releases, entertainment events, and more. Recently, multiple third parties announced they have onboarded with Kalshi and would mint tokens referencing positions held on Kalshi markets, offering users the opportunity to trade tokenized positions on-chain.

"Phantom opens a major new channel for growth by bringing our markets to millions of crypto-native users who want to express opinions on real-world events,” said Tarek Mansour, CEO of Kalshi. “At Kalshi, we’re looking to be a leader onchain like we are offchain, and partnering with Phantom is a significant step in helping us achieve that goal."