#What Changes Occurred with Phantom Wallet?
Phantom Wallet, utilized by over 20 million users, upgraded its event contracts to feature World Prediction Markets as the new issuer and infrastructure provider. This change, effective June 1, 2026, shifts away from a previous relationship with Kalshi, which supported this functionality since its inception on December 12, 2025.
#Why is This Transition Significant?
The previous setup with Kalshi required users to engage in manual settlements, creating an extra step for users after event conclusions to claim winnings. With the integration of World Prediction Markets, the process is greatly simplified. The new automatic redemption system allows users to receive payouts immediately once the market resolves, eliminating the need for further actions on their part.
Additionally, all positions in the prediction markets are now represented as Solana SPL tokens. This enhancement allows users to track and trade these tokens directly within their wallets, maintaining a clear and user-friendly experience. Importantly, this entire setup remains non-custodial and peer-to-peer, ensuring that Phantom does not hold custody of user funds.
To ensure effective resolution of market outcomes, the infrastructure could incorporate oracles, such as Chainlink, to authenticate real-world event results.
#What is the Background of Phantom's Integration with Prediction Markets?
Phantom’s journey into prediction markets began in late 2025 with its collaboration with Kalshi, a platform regulated by the CFTC. This enabled users to trade on real-world events using Solana tokens and Phantom's stablecoin, CASH. Before transitioning in June, an intermediary named DFlow connected Phantom users to Kalshi's market offerings.
With World Prediction Markets now managing both the issuance and execution of contracts, the entire setup is more cohesive. The prediction markets are characterized as skill-based trading on objective outcomes, distinguishing them from traditional gambling.
The WORLD token, part of this renewed prediction markets initiative, is currently valued in the low millions, adding another dimension for those looking to invest in this innovative space.