Kalshi has taken a big step toward mainstream adoption by teaming up with Phantom, one of the most widely used crypto wallets in the world. Through this new partnership, Kalshi’s CFTC-regulated prediction markets are now accessible directly inside Phantom, instantly opening the door to more than 20 million wallet users.
Instead of creating a separate Kalshi account, Phantom users can now trade prediction contracts straight from their wallet. These contracts cover real-world outcomes across politics, economics, sports, and culture, all within the same app people already use to manage their crypto.
Kalshi CEO Tarek Mansour described the integration as a powerful expansion channel, saying it brings prediction markets directly to crypto-native users who already enjoy expressing views on real-world events. Users can open positions using assets they already hold in Phantom, including Solana-based tokens and Phantom’s own CASH stablecoin.
From Phantom’s side, CEO Brandon Millman said the goal has always been simplicity. By embedding prediction markets into the wallet experience, Phantom is making a traditionally complex financial product feel as easy and familiar as sending a token.
This move also changes the competitive landscape. Kalshi is now stepping into the same crypto-native environment where Polymarket gained much of its early traction. With Polymarket recently launching a U.S.-focused app after regulatory clearance, the race to dominate on-chain prediction markets is heating up fast.
At the same time, Kalshi continues to face legal pressure. Several U.S. states are challenging whether certain event contracts, especially sports-related ones, should be treated as sports betting under state law. Massachusetts, Nevada, Ohio, and New Jersey have all raised objections, citing concerns over regulatory oversight and classification. Kalshi is also dealing with a class-action lawsuit claiming users were effectively wagering against the platform rather than participating in a neutral marketplace.
Despite the legal headwinds, the Phantom integration is a major milestone. By placing regulated prediction markets directly inside one of crypto’s most popular wallets, Kalshi is betting that easier access and better user experience will drive the next wave of growth in this fast-evolving sector.
