#What Are the New Features of Phantom’s Prediction Markets?
Phantom has launched an innovative prediction market feature that utilizes any Solana token present in user wallets. This enhancement is powered by an integration with Kalshi, a regulated event trading platform.
The in-app feature provides Phantom users with the opportunity to speculate on outcomes related to various real-world events, including sports, politics, and cryptocurrency trends. This is accessible directly from their wallet interface, eliminating the need for separate accounts or fund transfers to external platforms.
With the announcement on December 11, the collaboration introduces a streamlined method for trading in real-money Yes or No scenarios across numerous markets. Users can easily fund their trades with tokens in their Phantom wallets, including CASH. This avoids the complexities of navigating external order books and trading sites.
The new prediction market feature also incorporates live chat for each trading opportunity, empowering users to communicate about their trades and gauge market sentiment in real-time. Important market information, including pricing and updates, are displayed natively within the Phantom wallet. Notifications alert users when event results are finalized or when claims come available, ensuring they stay informed about their positions.
This rollout represents an expansive evolution of cryptocurrency wallets, extending beyond mere asset storage or decentralized finance functionalities. Consequently, Phantom has emerged as one of the first wallets to provide direct access to regulated event trading in the United States, enhancing its utility for retail investors.
#How Does This Feature Benefit Users?
The new prediction market feature enhances user engagement by providing direct access to financial opportunities within a platform they are already accustomed to using. By leveraging existing Solana tokens, users can quickly and efficiently enter trades without the hassle usually associated with trading on multiple platforms.
This integration signifies a notable advancement in the crypto space, combining traditional event trading methodologies with cutting-edge cryptocurrency technology. As a result, users can capitalize on a broader array of investment strategies and outcomes, reinforcing their position within the evolving landscape of digital finance.