Kalshi and Phantom Forge 2025 Alliance: Crypto Prediction Markets Just Got Real

Prediction markets meet mainstream wallets—and Wall Street might finally have to pay attention.

The Integration That Changes the Game

Kalshi, the regulated event-trading platform, just cut a direct pipeline into Phantom's massive user base. No more switching apps or wrestling with cross-chain bridges. One click inside the wallet, and you're betting on everything from election outcomes to next month's CPI print.

Why This Isn't Just Another Partnership

It bypasses the traditional brokerage model entirely. Users stake crypto to gain exposure to real-world events, blending decentralized finance with speculative insights on geopolitics, economics, and tech. It turns your wallet from a vault into a trading terminal.

The Regulatory Tightrope

Kalshi's existing U.S. regulatory status provides a veneer of legitimacy that pure-DeFi prediction markets lack. This move isn't about anonymity—it's about accessibility with a side of compliance, a rare cocktail in crypto.

The Bottom Line for Traders

Liquidity pools get deeper. Market signals get sharper. And for the average crypto holder, a world of non-correlated assets—untethered from Bitcoin's mood swings—suddenly opens up. Just in time for another election cycle, naturally.

Prediction markets have long been the domain of niche crypto enthusiasts and academic papers. This fusion with a top-tier wallet doesn't just bring them to the masses—it dares traditional finance to ignore a multi-trillion-dollar sentiment engine it can't control. After all, what's a hedge fund's proprietary model against the wisdom—and gambling instincts—of the crowd?

The Rise of Prediction Markets in Crypto

Leading crypto trading platforms like Phantom are aggressively trying to enter the US prediction markets business. Gemini Titan, a subsidiary of the crypto exchange Gemini,a designated contract market license by the US Commodity Futures Trading Commission (CFTC). This license enables Gemini to venture into prediction markets and facilitate event contract trading on its web platform.

tech researcher Jane Manchun Wong, Coinbase is also working on a prediction market project. The Bloombergthat Coinbase will reveal the launch of its prediction markets and tokenized equities during the company’s next quarter earnings call. However, a Coinbase representative has neither confirmed nor denied the news but only added that the company will hold a livestream to showcase the new products.

Regulatory Challenges

While prediction markets have become popular in the United States, Connecticut has taken a stance against some platforms. The Connecticut Department of Consumer Protection (DCP)cease and desist letters to Robinhood, Kalshi, accusing them of providing unlicensed online gambling. Nonetheless, Kalshi filed a lawsuit against DCP, asserting that its event contracts are legal under federal law.

The federal court hasthe DCP’s cease and desist order directed at Kalshi. This decision gives Kalshi the green light to run its prediction market platform without interruption until the review of the lawsuit. The verdict in this case will, therefore, determine the extent of prediction markets’ presence in the U.S.

The Future of Crypto and Prediction Markets

One of the thrilling innovations in the field of cryptography is the convergence of prediction markets with crypto. The access to such innovative financial products and services will increase as more platforms become involved in this area. Besides, regulatory obstacles must be overcome for these markets to continue operating in the future.

The involvement of crypto wallets and trading platforms in prediction markets marks a turning point in the sector. With the progression of the crypto market, there will be more groundbreaking products and services that will integrate the traditional finance and crypto ​‍​‌‍​‍‌​‍​‌‍​‍‌industries.