Phantom taps Kalshi to offer regulated prediction markets in wallet

Crypto wallet application Phantom has partnered with the regulated prediction market platform Kalshi to integrate event-based trading directly into its wallet interface. This new feature, called Phantom Prediction Markets, will enable users to discover trending events, track live odds, and place bets on tokenized positions referencing Kalshi’s event markets across politics, economics, sports, and culture without leaving the Phantom wallet. Phantom CEO Brandon Millman stated this integration allows users to trade what they care about in real time. This move occurs as other major crypto platforms, like Gemini and potentially Coinbase, are also moving to enter the US prediction markets space. Despite growing interest, prediction markets face regulatory scrutiny, as evidenced by Connecticut's recent cease and desist orders against platforms like Kalshi, although Kalshi successfully obtained a temporary injunction against enforcement actions in federal court.

(Source：Cointelegraph)