Phantom Crypto Pockets Provides Kalshi Prediction Markets for Over 20 Million Customers – Decrypt

Crypto pockets Phantom, which claims over 20 million customers, stated Friday that it has teamed with prediction market platform Kalshi to instantly combine its markets inside the pockets app. 

This integration will permit customers to commerce on trending matters in politics, crypto, sports activities, and tradition instantly inside their present Phantom pockets, with the app developer saying that it’s going to make prediction market transactions as simple as token swaps.

Customers should buy tokenized positions referencing Kalshi’s prediction markets utilizing Solana tokens or Phantom’s CASH stablecoin, eliminating the necessity for separate deposits or new accounts. The platform gives real-time updates on costs, odds, and occasion developments, with notifications when markets settle.

A key function is the social buying and selling component, the place every market contains stay group chat for customers to share insights and monitor sentiment as odds change. This enhances Phantom’s present buying and selling instruments, making a complete platform for numerous monetary actions.

“We constructed Phantom to make crypto really feel intuitive for everybody, and now we’re bringing that very same simplicity to prediction markets,” stated Phantom CEO Brandon Millman, in an announcement. “By integrating a layer of tokenized positions referencing Kalshi’s regulated occasion markets with Phantom, customers can commerce what they care about in actual time alongside the identical group the place they already discover DeFi, perps, stablecoins, and extra.”

Phantom’s integration continues a latest development of platforms placing their prediction markets instantly in wallets the place customers work together with their crypto holdings, to not point out on information and monetary platforms, sports activities broadcasts, and past.

Lately, rival prediction market Polymarket introduced an integration inside MetaMask, the Ethereum-centric pockets from Consensys. And Myriad—a prediction market platform operated by Decrypt’s mother or father firm, Dastan—is built-in inside Belief Pockets. (Disclaimer: Consensys is considered one of 22 buyers in an editorially unbiased Decrypt.)

Prediction markets are additionally being broadly built-in elsewhere, with media shops like CNN and CNBC not too long ago saying tie-ups with Kalshi, whereas the UFC is working with Polymarket and the NHL granted a license to each platforms.