Phantom Crypto Wallet Adds Kalshi Prediction Markets for Over 20 Million Users
Phantom, a self-custody crypto wallet with more than 20 million users, has partnered with Kalshi to bring regulated prediction markets directly into the Phantom app, the companies announced in San Francisco on Dec. 12, 2025.
The integration, branded Phantom Prediction Markets, places Kalshi’s event contracts alongside the same interface users already use for token balances, transfers, and other wallet activity. The goal is to let Phantom users access prediction markets without needing to open a separate account or move funds to another platform.
Kalshi is described by the companies as the world’s largest prediction market and operates as a CFTC-regulated venue for event-based contracts. Through the Phantom integration, users can trade tokenized positions that reference Kalshi markets covering real-world topics such as politics, sports, culture, and crypto-related outcomes.
According to the announcement, Phantom users can purchase these tokenized positions using Solana (SOL) or Phantom’s CASH stablecoin, which the wallet launched in September. The feature also includes real-time updates on prices, odds, and settlements, along with notifications for active trades.
The partnership reflects a broader trend of prediction markets being embedded into crypto-native products, particularly wallets, as platforms try to consolidate more financial activity into a single user experience. In this case, the companies framed the integration as a way to broaden access to regulated event trading for Phantom’s large user base.
- What changed: Kalshi prediction markets are now accessible inside Phantom under Phantom Prediction Markets.
- Who it affects: Phantom’s 20M+ users can view event contracts within the wallet interface.
- How it works: Users trade tokenized positions tied to Kalshi contracts using SOL or Phantom’s CASH stablecoin.
- Why it matters: The integration expands distribution for CFTC-regulated prediction markets within a major crypto wallet.