Phantom Integrates Kalshi Prediction Markets for 20M Users
- Phantom integrates Kalshi prediction markets for 20M users.
- Kalshi provides CFTC-regulated event markets.
- Enhances crypto-native user interaction with real-world events.
Phantom has announced the integration of Kalshi’s CFTC-regulated prediction markets into its wallet for over 20 million users, expanding crypto trading options.
This collaboration enhances user engagement in prediction markets, potentially influencing Phantom’s growth while highlighting the evolving landscape of crypto-based financial services.
Phantom has partnered with Kalshi to introduce predictions for its wallet’s 20 million users. Kalshi’s markets are regulated under CFTC which encompass sectors like politics and sports. This collaboration aims at simplifying predictions for crypto enthusiasts.
Brandon Millman, CEO of Phantom and Tarek Mansour, CEO of Kalshi are leading this initiative. The integration targets crypto-native users, leveraging Solana SOL -5.26% tokens for trading on real-world event markets. The rollout is slated for completion soon.
“We built Phantom to make crypto feel intuitive for everyone, and now we are bringing that same simplicity to prediction markets,” said Brandon Millman, CEO of Phantom.
Users are expected to experience more involvement in navigating prediction markets. The collaboration could potentially expand Phantom’s utility and increase user engagement by offering new tools in the wallet interface.
Kalshi’s regulatory compliance may ensure trust among users, while Phantom’s reach could extend Kalshi’s market channels. Users can trade event-based predictions, potentially enhancing their engagement within the crypto ecosystem.
Kalshi’s influence in the market may grow significantly due to this integration. The user growth in this sector may also lead to increased participation in prediction markets which are considered underexplored within crypto.
The collaboration highlights a possible trend for financial technology companies pursuing innovative tools. Kalshi’s CFTC-regulated markets offer a strategic advantage in the digital currency domain, potentially affecting technological outcomes by merging regulatory frameworks with crypto-capabilities.
