Phantom partners with Kalshi, allowing Crypto users to directly open positions, place bets, and participate in prediction markets within their wallets.

The cryptocurrency wallet Phantom, which has over 20 million users, announced a partnership with Kalshi, the world’s largest prediction market platform, to launch a new experience that allows users to trade prediction markets directly within the Phantom wallet. Previously, users had to log in to different websites and manage funds across multiple platforms, but this process will now be simplified into a one-stop experience.

Prediction markets go mainstream as Kalshi and Phantom boost each other’s momentum

Kalshi’s prediction markets for politics, economic data, sports, entertainment, culture, and news events continue to expand rapidly. Under the regulation of the U.S. Commodity Futures Trading Commission (CFTC), it has reached institutional-level standards. With record-breaking trading volume and user growth, Kalshi dominates the prediction market space. Now, this mature business model combined with Phantom’s large user base and seamless operation offers ordinary cryptocurrency users an easy way to participate.

One-Click Position Opening: SOL and CASH support seamless trading flow

After integrating with Kalshi, Phantom users can directly use SOL or CASH, the stablecoin launched on Solana in September, to purchase tokenized contracts on Kalshi’s markets. No additional account registration or fund transfer to new platforms is required. Users can operate according to their familiar Phantom routines—quickly open positions, browse popular prediction markets, track odds, prices, and forecast progress. For many users concerned with political elections, economic indicators, major sports events, or entertainment topics, trading on their events of interest becomes simple and smooth.

Social Chatroom Drives Market Enthusiasm, Users Can Discuss

Phantom adds social elements to prediction markets. Each prediction event features a real-time chatroom where users can share opinions, exchange views, or quickly discuss changes in odds. This interactive mode not only makes trading more engaging but also makes market sentiment more transparent, allowing both novices and veterans to gain additional insights from community exchanges. For users accustomed to token swaps and DeFi interactions within Phantom, prediction markets become a natural extension as a new financial gateway.

Phantom CEO Brandon Millman stated that the platform’s mission has always been to make cryptocurrency trading more intuitive. Now, they are bringing this simplicity into prediction markets as well. He pointed out that integrating Kalshi with Phantom allows users to trade DeFi, stablecoins, perpetual contracts, and prediction markets within the same community—essentially a “one-stop shop” for crypto finance.

This partnership is also crucial for Kalshi. Facing competitors like Polymarket, which is also known for prediction markets and deeply rooted in the crypto-native community, Kalshi has adopted a strategic alliance approach. Earlier this month, Kalshi migrated its markets to the Solana blockchain and partnered with DeFi platforms DFlow and Jupiter to enable order book liquidity on-chain. Supported by Solana’s high speed and low fees, tokenized contract trading experiences can match Kalshi’s off-chain market efficiency. Notably, although Phantom supports multiple blockchains including Ethereum and Polygon, Kalshi currently offers tokenized positions only on Solana. This reflects their strategic focus on building the most seamless and efficient experience before gradually expanding to other ecosystems.

Kalshi’s trading volume surges and major funding rounds

Kalshi’s new Head of Crypto, John Wang, described this collaboration as the company’s most significant announcement in the crypto space to date. He highlighted that the Solana community consists of highly active, eager users exploring new financial tools, making the integration of Kalshi into the most popular Solana wallets a huge opportunity for penetration and growth.

In November, Kalshi’s trading volume surpassed Polymarket, with remarkable growth. Public data shows that Kalshi’s trading volume reached $5.8 billion in that month, a 32% increase from October, while Polymarket’s volume was $3.7 billion. This market competition has become a focal point in the new wave of innovative financial platforms vying for user attention and capital flows.

Even more notable, Kalshi recently closed a $1 billion Series E funding round led by Paradigm, valuing the company at $11 billion. Co-founders Tarek Mansour and Luana Lopes Lara both became billionaires, with the 29-year-old Lopes Lara becoming the world’s youngest self-made female billionaire, symbolizing strong institutional recognition of prediction markets’ role within the financial system.

However, Kalshi’s rapid expansion faces regulatory pressures. Multiple U.S. states question whether prediction markets constitute unlicensed online gambling, especially when involving political election events. Kalshi maintains that its platform is recognized by the CFTC as a designated contract market, and therefore, state gambling laws should not apply.

This article about Phantom and Kalshi’s partnership, allowing cryptocurrency users to open positions and participate in prediction markets directly within their wallets, first appeared on Chain News ABMedia.