Phantom Crypto Wallet Adds Kalshi Prediction Markets for Over 20 Million Users
Analysis
Price Impact
HighThe integration of kalshi prediction markets into phantom wallet, which boasts over 20 million users, significantly expands the utility and engagement for the solana ecosystem. users can now directly trade on various events using solana tokens or phantom's cash stablecoin, potentially driving increased transaction volume and user retention within the network.
Trustworthiness
HighThis is a direct announcement from phantom ceo regarding a confirmed product integration, reported by a reputable crypto news outlet (decrypt). it details a factual development rather than speculation or rumor.
Price Direction
BullishAdding a major utility feature like prediction markets directly accessible to 20m+ users within their primary solana wallet creates a strong bullish signal. it enhances the network's value proposition, potentially increasing demand for sol and driving more on-chain activity.
Time Effect
LongWhile there might be some immediate positive sentiment, the true impact will be realized over the long term as more users adopt and consistently utilize these prediction markets. it contributes to sustained ecosystem growth and deeper user engagement.
Original Article:
Article Content:
In brief Phantom wallet integrated Kalshi's prediction markets, allowing 20+ million users to trade on politics, sports, and culture directly within the app. The integration includes social features like live community chat and real-time updates, making prediction market trading as simple as token swaps. This follows a broader trend of prediction markets expanding into wallets and media and sports platforms. Decrypt’s Art, Fashion, and Entertainment Hub. Discover SCENE Crypto wallet Phantom, which claims over 20 million users, said Friday that it has teamed with prediction market platform Kalshi to directly integrate its markets within the wallet app. This integration will allow users to trade on trending topics in politics, crypto, sports, and culture directly within their existing Phantom wallet, with the app developer saying that it will make prediction market transactions as straightforward as token swaps. Users can purchase tokenized positions referencing Kalshi's prediction markets using Solana tokens or Phantom’s CASH stablecoin , eliminating the need for separate deposits or new accounts. The platform provides real-time updates on prices, odds, and event developments, with notifications when markets settle. A key feature is the social trading element, where each market includes live community chat for users to share insights and track sentiment as odds change. This complements Phantom's existing trading tools, creating a comprehensive platform for various financial activities. "We built Phantom to make crypto feel intuitive for everyone, and now we are bringing that same simplicity to prediction markets," said Phantom CEO Brandon Millman, in a statement. "By integrating a layer of tokenized positions referencing Kalshi's regulated event markets with Phantom, users can trade what they care about in real time alongside the same community where they already explore DeFi, perps, stablecoins, and more." Phantom’s integration continues a recent trend of platforms putting their prediction markets directly in wallets where users interact with their crypto holdings, not to mention on news and financial platforms, sports broadcasts, and beyond. Recently, rival prediction market Polymarket announced an integration within MetaMask , the Ethereum-centric wallet from Consensys. And Myriad—a prediction market platform operated by Decrypt ’s parent company, Dastan—is integrated within Trust Wallet . (Disclaimer: Consensys is one of 22 investors in an editorially independent Decrypt .) Prediction markets are also being broadly integrated elsewhere, with media outlets like CNN and CNBC recently announcing tie-ups with Kalshi, while the UFC is working with Polymarket and the NHL granted a license to both platforms. Daily Debrief Newsletter Start every day with the top news stories right now, plus original features, a podcast, videos and more. Your Email Get it! Get it!