- Phantom partners with Kalshi to launch the Phantom Prediction Markets.
- With this move, Phantom has joined the race with leading players like Coinbase and Crypto.com.
- This feature allows users to discover trending events, engage in live chats with market participants, and trade positions with ease.
The prediction markets have seen a phenomenal growth over the past year, with blockchain industry giants like Coinbase and Crypto.com leading the charge. Now, Phantom, a leading crypto wallet, has partnered with Kalshi to launch the Phantom Prediction Markets, joining the rally. By leveraging Kalshi’s expertise in prediction markets and Phantom’s innovative blockchain technology, the duo is poised to disrupt the status quo and offer users a unique platform to trade on trending events.
Notably, this strategic partnership comes on the heels of major announcements from industry giants like Coinbase and Crypto.com, the platforms making significant strides in the prediction market space. With the likes of Coinbase reportedly set to unveil new product lines, including prediction markets, the competition is heating up.
Predicting the Future: Phantom and Kalshi Enter the Race
According to the latest press release, Phantom and Kalshi have teamed up to revolutionize the trading space with Phantom Prediction Markets. This new feature allows users to discover trending events, engage in live chats with market participants, and trade positions with the same ease as swapping tokens.
With access to real-time market movements and odds, users can tap into the moments shaping politics, crypto, sports, and culture, all from within their trusted Phantom wallet. By streamlining the trading process, the platform reportedly makes it simpler than ever to participate in the prediction market space. CEO Brandon Millman noted,
“We built Phantom to make crypto feel intuitive for everyone, and now we are bringing that same simplicity to prediction markets. 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.”
Interestingly, users can now access a seamless trading experience by combining Kalshi’s industry-leading prediction markets with Phantom’s intuitive wallet features. The crypto wallet users can purchase tokenized positions using Solana tokens or CASH, eliminating the need for extra accounts or deposits.
Also, the platform offers real-time price updates, odds, scores, with notifications for market settlements. A live community chat feature allows users to share ideas, track sentiment, and engage in dynamic discussions as odds shift. This integration enhances Phantom’s trading capabilities, providing an all-in-one platform for users to explore new financial opportunities.
The Growing Trend: Prediction Markets on the Rise
The prediction market space is experiencing rapid growth, driven by increasing demand. The market giant Kalshi has surged to a staggering $11 million in valuation, more than doubling in value after its latest funding round. This comes as a result of the growing trend and the broader market experiencing rapid expansion in 2025.
Building on this momentum, Kalshi and Crypto.com recently teamed up with major players like Coinbase, Robinhood, and Underdog to form the Coalition for Prediction Markets (CPM), a national alliance aimed at promoting and regulating the industry.
This move comes amid increased demand for the market, driven by growing interest and a federal court ruling that lifted a ban on election betting. “This was the catalyst for growing investor interest, and this new coalition will further legitimize the sector, strengthening operating rules and setting a higher bar for integrity standards,” said Nick Jones, founder of crypto platform Zumo.
“The U.S. is the biggest frontier for prediction markets, and the momentum we’re seeing makes a unified industry voice not just important, but necessary,” stated Matt David, executive board member of CPM.
Meanwhile, crypto exchange Coinbase is set to launch prediction markets and tokenized stocks next week, according to a Bloomberg report. The company will host a livestream event on December 17 to unveil these products, which are being developed in-house without external partners.
