Crypto pockets Phantom is rolling out prediction markets for its 20 million customers via a partnership with Kalshi, the U.S.-regulated occasion buying and selling alternate, the agency mentioned on Friday.
The characteristic will permit Phantom customers to commerce on real-world outcomes akin to U.S. elections, macroeconomic occasions or crypto costs with out leaving the pockets interface. Phantom can be introducing chatting operate to the marketplaces, including a social aspect to prediction markets, the press launch mentioned.
Customers shall be ready open trades utilizing any Solana-based tokens, together with SOL, USDC and Phantom’s CASH stablecoin, and even memecoins like Fartcoin (FART), Phantom CEO Brandon Millman mentioned on stage Friday at Solana Breakpoint in Abu Dhabi.
Phantom’s transfer suits right into a pattern of crypto wallets including extra options akin to stablecoins, perpetuals buying and selling and prediction markets to their platform, aiming to supply an all-in interface for crypto customers.
The Kalshi addition to Phantom comes on the heels of MetaMask, Ethereum’s hottest pockets, including Kalshi rival Polymarket for onchain prediction markets. Phantom earlier this 12 months launched its personal in-app stablecoin CASH, issued by Stripe, and added perps and tokenized shares.
Prediction markets has emerged as a fast-growing sector on the intersection of crypto and conventional markets, gaining in reputation final 12 months with the 2024 U.S. election.
Kalshi operates underneath federal oversight from the Commodity Futures Buying and selling Fee (CFTC). Nonetheless, Kalshi and different prediction markets might face pushback after a federal courtroom in Nevada dominated that contracts primarily based on sporting occasion outcomes might fall underneath the oversight of state playing legal guidelines.