Kalshi Brings Prediction Markets to Phantom’s 20M Users
Prediction markets are coming to Phantom’s 20M users via Kalshi integration
Phantom has added Kalshi’s prediction markets directly inside its crypto wallet, bringing regulated event trading to an audience of more than 20 million users, the companies said Friday.
Announced in San Francisco on Dec. 12, 2025, the integration introduces Phantom Prediction Markets, a product that displays Kalshi event contracts within Phantom’s existing wallet interface. Users can participate without leaving the app.
The companies said Phantom users will be able to trade on real-world outcomes across categories including politics, cryptocurrency prices, sports outcomes, and cultural events. Under the integration, users can purchase tokenized positions that reference Kalshi’s prediction markets using Solana or Phantom’s CASH stablecoin, reducing the need to create separate accounts or move funds to another platform.
Kalshi is a U.S.-regulated event trading exchange overseen by the Commodity Futures Trading Commission (CFTC). The firms framed the partnership as a way to broaden access to regulated prediction market activity through a crypto-native interface.
The rollout also arrives as Kalshi’s sports-related event contracts continue to face legal challenges, highlighting the regulatory scrutiny around how and where prediction markets are offered.
- What changed: Kalshi markets now appear natively inside Phantom via Phantom Prediction Markets.
- Who it reaches: Phantom’s user base of more than 20 million.
- How users fund it: Solana or Phantom’s CASH stablecoin can be used to buy tokenized positions referencing Kalshi markets.
- Why it matters: One of the first major crypto wallets to offer native access to CFTC-regulated prediction markets, potentially expanding distribution beyond standalone trading venues.
