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Phantom Integrates Kalshi, Bringing Regulated Prediction Markets to 20 Million Wallet Users

The move extends Kalshi’s CFTC‑regulated markets to a mainstream crypto audience.

Overview

  • Phantom users can now trade Kalshi markets inside the wallet using Solana-based assets including SOL, USDC and Phantom’s CASH stablecoin.
  • The integration also accepts memecoins such as Fartcoin for opening positions on tokenized event contracts.
  • Phantom is adding an in-market chat feature to introduce a social layer alongside trading on real‑world outcomes.
  • Kalshi recently shifted its markets onto Solana and partnered with DFlow and Jupiter to route order‑book liquidity on‑chain.
  • The expansion follows Kalshi’s record November volumes and a $1 billion Series E at an $11 billion valuation, even as state actions, including a Nevada ruling and a paused Connecticut case, test its legal footing.