US EditionKalshi Challenges Polymarket’s Crypto Connections, Launching Tokenized Event Trading Via Phantom Wallet
Phantom’s 20 million users can trade regulated prediction markets on elections and macro events using Solana tokens, with Kalshi’s $5.8 billion November volume highlighting market growth.
- On Friday, Phantom announced the Kalshi integration inside its wallet, rolling out prediction markets for its 20 million users to trade tokenized wagers on U.S. elections, macroeconomic events, or crypto prices.
- Earlier this month, Kalshi moved its markets onto Solana and partnered with DFlow and Jupiter to route liquidity, following a $11 billion valuation last week led by Paradigm.
- Trades can be funded even with memecoins like Fartcoin, Phantom's CEO said on Friday, and Phantom is adding in-app chat to marketplaces for a social trading layer.
- The integration may shift trading volumes after Kalshi's record month, with Kalshi logging $5.8 billion in November, up 32% from October, and follows MetaMask adding Polymarket.
- Despite Commodity Futures Trading Commission oversight, Kalshi faces state enforcement fights, winning a temporary pause against Connecticut enforcement even as a Nevada federal court ruling raised state gambling law issues.
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Phantom Launches Prediction Markets: A New Social Trading Layer Arrives
Phantom has just made a significant leap in its traditional crypto wallet functionality, introducing new Prediction Markets, a functionality that will change the way users communicate with real-world events. The system, constructed alongside Kalshi, is a combination of live event trading, social activity, and on-chain settlement, all within the familiar Phantom interface. A new way to trade what’s trending is coming to Phantom.Sports. Politics…
Kalshi and Phantom Join Forces: A New Era for Crypto Prediction Markets in 2025
Phantom has partnered with Kalshi to offer regulated prediction markets within its wallet interface. The crypto industry is seeing a rise in prediction markets, with platforms like Gemini and Coinbase entering the US market. Despite growth, regulatory challenges persist, with some states issuing cease and desist letters to platforms like Robinhood and Kalshi. Phantom, a well-known crypto wallet, has collaborated with Kalshi to provide regulated …
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