Cryptocurrency pockets Phantom is rolling out a prediction marketplace for 20 million customers via a partnership with U.S.-regulated occasion trade Karshi, the corporate introduced Friday.
This function permits Phantom customers to commerce based mostly on real-world outcomes comparable to US elections, macroeconomic occasions, and cryptocurrency costs with out leaving the pockets interface. Based on a press launch, Phantom may even introduce chat performance to its market, including a social component to its prediction markets.
Customers will be capable to provoke transactions utilizing any Solana-based token, together with SOL, USDC, Phantom’s CASH stablecoin, and even meme cash like Fartcoin (FART), Phantom CEO Brandon Millman mentioned on stage at Solana Breakpoint in Abu Dhabi on Friday.
Phantom’s transfer suits in with the pattern of crypto wallets including options comparable to stablecoins, perpetual buying and selling, and prediction markets to their platforms, with the intention of offering an all-in interface for crypto customers.
The addition of Kalshi to Phantom follows MetaMask, Ethereum’s hottest pockets, and provides Polymarket, Kalshi’s rival for on-chain prediction markets. Earlier this yr, Phantom launched its personal in-app stablecoin CASH, issued by Stripe, and added PERP and tokenized shares.
Prediction markets have emerged as a fast-growing area on the intersection of cryptocurrency and conventional markets, gaining recognition final yr within the run-up to the 2024 US election.
Calci operates beneath the federal oversight of the Commodity Futures Buying and selling Fee (CFTC). However Calci and different prediction markets may face a backlash after a federal court docket in Nevada dominated that contracts based mostly on the result of sporting occasions can fall beneath state gaming legislation.
