Prediction Markets Are Coming to Phantom's 20M User Via Kalshi
Analysis
Price Impact
MedPhantom wallet's integration of kalshi prediction markets for its 20 million users allows trading with any solana-based tokens. this significantly enhances utility and potential demand for sol and other tokens within the solana ecosystem, bringing real-world event trading to a large user base.
Trustworthiness
HighThe news comes from coindesk, a reputable source, quoting the phantom ceo, and involves kalshi, a u.s.-regulated event trading exchange. this indicates a verified and official partnership.
Price Direction
BullishThe expanded utility and user engagement from 20 million phantom users accessing prediction markets directly using solana-based tokens could drive increased demand and adoption for sol and other ecosystem assets. the addition of social features further boosts engagement.
Time Effect
LongWhile there might be some immediate positive sentiment, the full impact of increased utility, user adoption, and network activity due to this integration will likely unfold and strengthen over an extended period as users gradually engage with the new features.
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Finance Share Share this article Copy link X icon X (Twitter) LinkedIn Facebook Email Prediction Markets Are Coming to Phantom's 20M User Via Kalshi Phantom users will be able to chat and trade Kalshi's prediction markets with any Solana-based tokens, CEO said. By Krisztian Sandor | Edited by Jamie Crawley Dec 12, 2025, 3:10 p.m. Kalshi (Jesse Hamilton/CoinDesk) What to know : Crypto wallet Phantom is embedding Kalshi to offer prediction markets to its 20 million users. Users can trade on real-world outcomes using any Solana-based tokens directly without leaving the wallet. The integration of prediction markets is part of a trend among crypto wallets to expand their features and services, such as MetaMask's partnership with Polymarket. Crypto wallet Phantom is rolling out prediction markets for its 20 million users through a partnership with Kalshi, the U.S.-regulated event trading exchange, the firm said on Friday. The feature will allow Phantom users to trade on real-world outcomes such as U.S. elections, macroeconomic events or crypto prices without leaving the wallet interface. Phantom is also introducing chatting function to the marketplaces, adding a social element to prediction markets, the press release said. STORY CONTINUES BELOW Don't miss another story. Subscribe to the Crypto Daybook Americas Newsletter today . See all newsletters Sign me up By signing up, you will receive emails about CoinDesk products and you agree to our terms of use and privacy policy . Users will be able open trades using any Solana-based tokens, including SOL, USDC and Phantom's CASH stablecoin, or even memecoins like Fartcoin (FART), Phantom CEO Brandon Millman said on stage Friday at Solana Breakpoint in Abu Dhabi . Phantom's move fits into a trend of crypto wallets adding more features such as stablecoins, perpetuals trading and prediction markets to their platform, aiming to offer an all-in interface for crypto users. The Kalshi addition to Phantom comes on the heels of MetaMask, Ethereum’s most popular wallet, adding Kalshi rival Polymarket for onchain prediction markets. Phantom earlier this year introduced its own in-app stablecoin CASH, issued by Stripe, and added perps and tokenized stocks. Prediction markets has emerged as a fast-growing sector at the intersection of crypto and traditional markets, gaining in popularity last year with the 2024 U.S. election. Kalshi operates under federal oversight from the Commodity Futures Trading Commission (CFTC). However, Kalshi and other prediction markets could face pushback after a federal court in Nevada ruled that contracts based on sporting event outcomes may fall under the oversight of state gambling laws. Kalshi Prediction Markets Solana News Phantom More For You Protocol Research: GoPlus Security By CoinDesk Research Nov 14, 2025 Commissioned by GoPlus What to know : As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M. GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month. Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B. View Full Report More For You Most Influential: Changpeng “CZ” Zhao By Oliver Knight | Edited by Cheyenne Ligon 10 minutes ago Zhao’s exit from Binance did little to dim his prominence. Read full story Latest Crypto News Most Influential: Changpeng “CZ” Zhao 10 minutes ago Most Influential: Tom Lee 10 minutes ago Most Influential: Jesse Pollak 10 minutes ago Most Influential: David Bailey 10 minutes ago Most Influential: Michael Saylor 10 minutes ago Backed, Chainlink Unveil xBridge to Move Tokenized Stocks Between Solana and Ethereum 10 minutes ago Top Stories U.S. SEC Gives Implicit Nod for Tokenized Stocks 2 hours ago YouTube Now Allows U.S. Content Creators to Get Paid in PayPal’s Stablecoin: Fortune 3 hours ago Crypto Markets Today: Bitcoin Stuck in Post-Fed Range as Altcoins Slump Deepens 3 hours ago XRP Lands on Solana, Ethereum and Others, in Boost for Ripple Ecosystem 10 hours ago Bitcoin's Volatility Meltdown: Crypto Daybook Americas 2 hours ago XRP Ledger Upgrade Lays Groundwork for Lending, Tokenization Expansion 3 hours ago