Phantom Taps Kalshi To Offer Regulated Prediction Markets In Wallet

The wallet-native feature lets users trade tokenized event contracts across politics, economics and culture without leaving Phantom.

Crypto wallet application Phantom has partnered with regulated prediction market Kalshi to bring event-based trading directly into its wallet interface, signaling a deeper convergence between onchain finance and real-world outcome betting.

The companies said on Friday that the integration would allow Phantom users to discover trending events, track live odds and place bets without leaving their wallets.

A new feature called Phantom Prediction Markets will allow users to trade tokenized positions that reference Kalshi’s event markets across politics, economics, sports and culture.

“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,” said Phantom CEO Brandon Millman.

Phantom’s move comes as major crypto trading platforms race to enter the US prediction markets business.

On Thursday, Gemini Titan, an affiliate of the crypto exchange Gemini, received a designated contract market license from the US Commodity Futures Trading Commission (CFTC). Gemini said it plans to enter the prediction markets space.

The exchange said that it would allow users to access event contract trading on its web platform. Following its announcement, Gemini shares went up by nearly 14% in after-hours trading.

On Nov. 19, tech researcher Jane Manchun Wong, known for discovering in-development features on Big Tech websites, claimed that crypto exchange Coinbase is working on a prediction market. Wong shared screenshots apparently showing the unreleased platform.

Citing anonymous sources, Bloomberg reported that Coinbase plans to announce the launch of its prediction markets and tokenized equities.

Source: CoinTelegraph