Kalshi Comes to Phantom: Wallet Users Can Now Trade Real-World Events

Phantom is turning its wallet into a hub for real-world prediction trading, rolling out an integration with Kalshi that lets users browse, monitor, and speculate on event markets without ever leaving the app.

The new feature, branded Phantom Prediction Markets, treats event trading much like a token swap: users can take positions on political outcomes, crypto trends, sports results, cultural events, and more using SOL or Phantom’s CASH stablecoin, all from their existing wallet balance.

Instead of creating new accounts or moving funds to a separate exchange, wallet holders can purchase tokenized claims tied directly to Kalshi’s regulated markets. Real-time odds, price updates, scores, and settlement alerts are delivered inside the interface, and every market includes a live chat channel where users can debate probabilities as events unfold.

The launch arrives during a surge in interest around CFTC-regulated prediction markets. Kalshi, which structures its markets around objectively verifiable outcomes, recently recorded nearly $6 billion in monthly activity and has seen rapid growth in both liquidity and retail participation. A wave of high-profile partnerships – including Google Finance, CNN, CNBC, and the NHL – has pushed its data into mainstream channels; its integration with Robinhood alone now accounts for over half of the platform’s volume.

Phantom says prediction markets fit naturally alongside its existing trading tools, which already include token swaps and perpetual futures. With millions of DeFi-native users on Solana, the wallet becomes one of the most accessible gateways to event speculation in the crypto ecosystem.

Kalshi, meanwhile, is riding a flood of institutional capital: the platform recently secured $1 billion in new funding at an $11 billion valuation, while competitor Polymarket is reportedly raising at a valuation as high as $15 billion. Against that backdrop, Phantom’s user base offers yet another expansion channel for a sector experiencing rapid mainstream adoption.

Kalshi CEO Tarek Mansour described the partnership as an important step in bringing regulated prediction markets onchain, while Phantom CEO Brandon Millman said the goal is to make expressing opinions through markets as simple as interacting with any other DeFi tool.