Phantom integrates Kalshi event contracts into its crypto wallet

Phantom, the Solana-based crypto wallet, has launched prediction markets for eligible US users through a direct integration with Kalshi, giving its existing user base access to CFTC-regulated event contracts without leaving the app.

The integration, announced Wednesday, routes trades through a new Predict tab. Kalshi handles verification, account management and execution. Phantom provides the interface. Users fund trades through Phantom Cash balances denominated in the CASH stablecoin. Short-term Bitcoin price contracts settle every 15 minutes.

The launch rests on no-action relief the CFTC granted in March, allowing Phantom to connect users to regulated markets without registering as an introducing broker. Availability varies by state and market category.

Kalshi recorded $10.8 billion in crypto contract volume over the 30 days ending October 27, up 19.6% from the prior period, according to DeFi Rate data.

The distribution question has been as significant as the legal one. A crypto wallet with an established user base embedding regulated event contracts is a different channel from a standalone prediction market app asking users to create new accounts.

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