I was messing around in my Phantom wallet the other day when I noticed something wild, prediction markets, right there next to my usual crypto balances. Turns out, Kalshi just made it official: they’re bringing their CFTC-regulated prediction markets straight into Phantom, giving over 20 million users a front-row seat to trade on political, economic, sports, and cultural outcomes. And the best part? No extra accounts, no extra hassle.
Here’s what’s happening:
Wallet Integration Made Easy
Kalshi CEO Tarek Mansour says this move opens a “major new channel” to reach crypto-native users who want to bet on real-world events. Phantom users can trade using Solana-based tokens or the wallet’s own CASH stablecoin. Brandon Millman, Phantom’s CEO, puts it simply: the wallet was built to make crypto feel intuitive, and now prediction markets are just part of that experience.
Introducing @Phantom Prediction Markets, powered by Kalshi
— Kalshi (@Kalshi) December 12, 2025
The largest crypto wallet meets the largest prediction market.
Trading events onchain just became easier than ever. pic.twitter.com/cMloTIcsHS
Basically, your crypto life just got one more toy in the same dashboard you already use.
Why This Matters
Kalshi is now more directly competing with Polymarket, which just started rolling out a U.S.-specific app after CFTC clearance. Both are chasing the same crowd: crypto users who love markets, bets, and predictions in a seamless, digital-first way.
But it’s not all smooth sailing. Legal headaches are piling up:
- Massachusetts wants to block Kalshi from offering sports event contracts, arguing it’s just disguised sports betting.
- Nevada ruled Kalshi must follow state gaming rules, despite federal regulation claims.
- Ohio and New Jersey are citing Nevada’s ruling to clamp down on sports contracts.
- And there’s a class-action lawsuit claiming Kalshi users were essentially betting against the house, not in a neutral marketplace.
Even with legal storms brewing, Kalshi’s Phantom integration is a big play. Millions of users can now jump into prediction markets without leaving their wallets. For crypto folks who love a side bet on world events, this is a dream come true, or a recipe for a few sleepless nights.
