TLDR
- Phantom users can now trade Kalshi’s prediction markets directly in the web3 wallet.
- Tokenized positions are available using SOL or Phantom’s CASH stablecoin for easy transactions.
- Users get real-time updates, including odds, scores, and live market movements.
- Kalshi’s integration expands its reach to millions of crypto-native users.
- Kalshi’s growth continues with high trading volumes and integrations with major companies like Google Finance and NHL.
Phantom has partnered with Kalshi to offer prediction markets directly in its web3 wallet. Users can now access tokenized positions tied to Kalshi’s regulated markets using SOL or Phantom’s CASH stablecoin. This integration allows users to track, trade, and settle positions on events in real-time within the app.
Phantom Users Can Trade Prediction Markets in Web3 Wallet
According to a press release that was shared with Businesswire, Phantom users can engage with prediction markets covering a range of topics, including politics, sports, and culture. The feature, named Phantom Prediction Markets, enables users to open positions easily.The integration allows users to purchase tokenized positions from Kalshi’s markets directly.
They can use SOL or the CASH stablecoin to make transactions. This eliminates the need for creating separate accounts or transferring funds to external platforms. Additionally, users will also receive real-time odds and settlement notifications within the Phantom wallet. The app features live updates, including prices, scores, and market movements as events unfold. Participants can follow live community chats, sharing views and tracking sentiment in real-time.
Kalshi Expands Reach With Phantom Integration
Kalshi has recently seen growth in trading volumes, user numbers, and open interest in its markets. Last month, the platform generated $5.8 billion in activity across political, economic, and cultural markets. Kalshi operates under the U.S. Commodity Futures Trading Commission’s oversight.
The integration with Phantom introduces Kalshi’s markets to millions of crypto-native users. Kalshi CEO Tarek Mansour stated, “Phantom opens a major new channel for growth by bringing our markets to millions of users.” The partnership is seen as an essential step in Kalshi’s plans to lead in on-chain markets.
Phantom Continues to Offer Services for Crypto Users
Phantom’s addition of prediction markets complements its existing features, including token swaps and perpetual futures trading. The integration adds another layer of accessibility for users interested in real-world event predictions. CEO Brandon Millman emphasized that Phantom aims to make crypto intuitive for everyone.
With this integration, Phantom strengthens its position in the growing prediction market space. Users now have access to a range of features in one convenient platform. Kalshi’s partnership with Phantom aligns with a larger trend of mainstream adoption of prediction markets.
Kalshi’s recent growth has attracted investment, including a $1 billion raise at an $11 billion valuation, as reported by Parameter recently. The platform is also seeing integrations with companies like Google Finance and the NHL.
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