Phantom Integrates Kalshi to Launch Prediction Markets for 20 Million Users
Phantom, a Solana-based wallet boasting around 20 million users, announced on December 12, 2025, that it will integrate Kalshi's prediction markets directly within its platform. This integration will enable users to trade on real-world outcomes such as U.S. elections, macroeconomic events, and cryptocurrency prices using any Solana-based token, including SOL, USDC, Phantom CASH, and memecoins like FART.
To enhance user experience, Phantom plans to add a chat function to the prediction marketplaces, introducing a social element to the trading activities. This move is part of a broader trend of cryptocurrency wallets expanding their features, echoing similar developments like MetaMask's integration with Polymarket.
Kalshi operates as a U.S.-regulated event trading exchange overseen by the Commodity Futures Trading Commission (CFTC). However, some regulatory challenges may arise following a Nevada court ruling that certain sporting-event contracts could be subject to state gambling laws.
Phantom CEO Brandon Millman discussed the integration during the Solana Breakpoint conference held in Abu Dhabi. Earlier this year, Phantom had already expanded its offerings by launching its in-app stablecoin, Phantom CASH, along with perpetuals trading and tokenized stocks.
