Phantom integrates prediction markets to bring real-time event trading into its crypto wallet

Crypto users of the popular Phantom app can now access prediction markets directly inside their wallet, with real time odds and positions available in just a few taps.

Phantom and Kalshi partner to embed event trading in a leading crypto wallet

Phantom, a major crypto wallet with more than 20 million users, has partnered with Kalshi, described as the world’s largest prediction market, to launch a new way to trade what is trending across politics, crypto, sports, and culture. However, instead of sending users to a separate platform, the experience now lives natively inside the wallet interface.

The new feature, called Phantom Prediction Markets, lets users discover event-based markets, monitor shifting probabilities, and open or close positions without leaving the app they already use for everyday transactions. Moreover, opening a position is designed to feel as straightforward as swapping a token within a standard crypto trade flow.

Kalshi brings record trading volumes, rapid user growth, and expanding open interest across political, economic, and cultural contracts. That said, Phantom contributes its existing wallet tools and large user base, creating a combined experience that aims to normalize event trading for retail crypto participants.

How Phantom Prediction Markets work inside the wallet

Phantom users can deploy Solana tokens or CASH to buy tokenized positions that reference Kalshi‘s underlying markets, removing the traditional friction of depositing funds into an external venue or opening additional accounts. Moreover, this setup keeps the entire flow inside a single trusted wallet environment.

Throughout each event, participants can follow live prices, evolving odds, scores, and other updates as they develop on Kalshi’s infrastructure. However, Phantom adds its own layer of user experience with in-app notifications when markets settle and positions close, helping traders stay on top of outcomes without constantly monitoring charts.

The integration effectively connects onchain tokenized claims with regulated, offchain event contracts. As a result, users gain the familiarity of a normal swap while gaining exposure to real-world outcomes, including elections, macroeconomic releases, and entertainment results.

Social trading and community sentiment around events

A key new element is social interaction. Each market inside Phantom features a live community chat where users can share ideas, test narratives, and gauge sentiment as odds move. Moreover, this turns event trading into a more interactive experience, as traders react in real time to news, polls, or game developments.

Prediction functionality is also designed to sit alongside Phantom’s existing features such as token swaps and perpetuals, creating a broader toolkit inside one interface. However, the company positions this as an evolution rather than a replacement, with event contracts becoming one more financial activity users can explore.

The addition of conversation spaces may also help surface crowd views around political races, economic data prints, or sports outcomes, giving users another data point beyond raw price feeds. That said, these chats remain part of the wallet environment rather than a separate social app.

Leadership views on the rise of event-based trading

Moreover, he emphasized that integrating tokenized positions referencing Kalshi’s regulated markets allows users to trade on topics they care about in real time.

Millman added that these event-based positions sit alongside existing activities where users already explore DeFi, perpetuals, stablecoins, and other instruments. However, the goal is to present them through the same streamlined interface, minimizing learning curves for newcomers to this type of market.

For Kalshi, the collaboration supports its ambition to expand beyond traditional web platforms. The company wants to reach more crypto-native participants who are comfortable holding and trading digital assets, but who may not yet have engaged with event contracts.

Kalshi’s regulatory status and expansion into tokenized positions

Kalshi operates under CFTC oversight in the United States, a status that has helped it lead the institutionalization of event trading. Its markets cover well-defined, objectively resolvable outcomes tied to global news, sports seasons, economic data releases, entertainment events, and other real-world developments.

Recently, several third parties announced they had onboarded with Kalshi to mint tokens referencing positions held on its markets. Moreover, this trend gives users the ability to access tokenized positions on-chain while still connecting to underlying regulated contracts, which can appeal to both retail and more sophisticated market participants.

In this context, the Phantom collaboration creates one of the largest distribution channels yet for these tokenized claims. However, the companies maintain that core settlement and outcome resolution continue to rely on Kalshi’s compliant event infrastructure.

Strategic importance of the Phantom-Kalshi integration

“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. Moreover, he stated that at Kalshi, the team aims to be a leader onchain in the same way it has grown offchain.

According to Mansour, partnering with one of the largest crypto wallets represents a significant step toward that goal, especially as more traders seek integrated environments where they can hold assets and trade event outcomes. However, he also highlighted the importance of preserving regulated structures around the underlying contracts.

For Phantom, integrating prediction markets aligns with a broader strategy of expanding beyond basic token storage into a hub for trading, DeFi access, and new forms of financial expression. The Phantom team sees event-based markets as a natural extension of how users already interact with price movements and on-chain data.

About Kalshi and the evolution of prediction markets

Kalshi, founded in 2018, describes itself as the world’s largest prediction market and credits its work with legalizing and establishing these markets as a distinct financial asset class in the United States. Moreover, its platform is positioned as a safe and regulated venue trusted by millions of people across America.

Prediction venues like Kalshi provide continuously updated information on the likelihood of future outcomes based on live trading activity. However, unlike informal betting forums, these regulated structures seek to transform opinions into transparent prices that can inform decision-making in politics, business, and personal finance.

The launch of Phantom Prediction Markets illustrates how this asset class is moving deeper into mainstream crypto interfaces. Going forward, users may increasingly expect to see tokenized access to regulated event outcomes embedded alongside their usual trading tools.

Outlook for event trading inside crypto wallets

As more platforms experiment with bringing event markets into on-chain environments, the Phantom and Kalshi partnership could serve as a reference point for future integrations. Moreover, it underscores a broader convergence between traditional regulatory frameworks and crypto-native interfaces.

Over time, crypto holders may see event trading become as familiar as swapping tokens, especially when backed by regulated infrastructure and easy-to-use wallet flows. However, how quickly users adopt these tools will depend on education, user experience, and the perceived value of expressing views through event contracts.

So, Phantom’s integration with Kalshi aims to make it simpler for millions of users to trade their views on real-world events from within a single app, blending social discussion, live market data, and regulated event exposure in one unified wallet experience.