Phantom integrates with Kalshi to bring prediction markets to its web3 wallet

Phantom has introduced prediction markets inside its popular web3 wallet through an integration with Kalshi, allowing users to discover, track, and trade positions on real-world events without leaving the app.

The feature, called Phantom Prediction Markets, lets users engage with markets spanning politics, crypto, sports, and culture, with opening a position “as simple as swapping a token,” according to a Friday press release.

Under the integration, wallet users can purchase tokenized positions that reference Kalshi’s prediction markets using Solana or Phantom’s CASH stablecoin, removing the need to create additional accounts or move funds to separate platforms, the firms said. Users can follow live prices, odds, scores, and updates as events unfold, with notifications sent when markets and positions settle, they added.

The rollout builds on Kalshi’s recent growth in trading volumes, user numbers, and open interest across political, economic, and cultural markets, generating $5.8 billion in activity last month, per The Block’s data dashboard.

Kalshi operates under oversight from the U.S. Commodity Futures Trading Commission, with markets designed around clearly defined and objectively resolvable outcomes tied to news events, data releases, sports seasons, and entertainment, the firm said.

Phantom said the addition of prediction markets complements its existing suite of tools, which includes token swaps and perpetual futures trading. Each market also features a live community chat, allowing participants to share views and track sentiment in real time as odds move.

“We built Phantom to make crypto feel intuitive for everyone, and now we are bringing that same simplicity to prediction markets,” Phantom CEO Brandon Millman said.

Growing Kalshi integrations

Kalshi recently raised $1 billion at an $11 billion valuation from backers including Paradigm, Sequoia Capital, and Andreessen Horowitz, with rival Polymarket also securing a $2 billion investment from ICE earlier this year and is reportedly in talks to raise new funding at up to a $15 billion valuation amid growing mainstream adoption.

Phantom is the latest of several firms adopting Kalshi’s prediction markets data in recent weeks, including Google Finance, the National Hockey League, CNN, and CNBC, with its Robinhood integration now accounting for more than 50% of Kalshi’s market volume.

“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,” Kalshi CEO Tarek Mansour said. “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.”