Phantom, the Solana cryptocurrency wallet serving more than 20 million users, has updated the infrastructure supporting its in-app prediction markets feature. Starting with positions opened on or after June 1, 2026, new trades now rely on World Prediction Markets instead of the previous Kalshi-powered system. The change brings automatic redemption of outcomes directly on Solana and represents positions as native SPL tokens that reside in users’ wallets.
The feature originally launched in December 2025 through an integration with Kalshi, the regulated prediction market platform.
At that time, tokenized event contracts allowed users to take positions on real-world outcomes in politics, sports, culture, and other categories using SOL or Phantom’s CASH stablecoin.
Settlements for those earlier positions required a manual step: after a market resolved, holders had to exchange their outcome tokens for the original stablecoin through a separate trade facilitated by DFlow, the intermediary at the time.
This process could involve slippage or additional costs depending on market conditions.
Under the new arrangement, World Prediction Markets acts as both the issuer of the tokenized event contracts and the provider of order-routing infrastructure on Solana.
Liquidity is sourced from providers on the blockchain, and the entire setup remains non-custodial and peer-to-peer.
Phantom itself does not hold user funds or take the opposite side of any trade. When an event concludes, payouts are redeemed automatically without any action required from the user.
Positions appear as standard SPL tokens in the wallet, making them visible, transferable, and tradable alongside other Solana assets.
Market resolution for the newer positions can draw on decentralized oracles, such as Chainlink, to determine outcomes.
This contrasts with the prior setup, which referenced Kalshi’s data through DFlow’s integration.
Both systems carry the same core disclaimers: resolution can still be affected by data delays, indexing issues, or external factors beyond the actual event result.
Phantom continues to emphasize that all markets are based on objectively verifiable real-world events and are presented as skill-based forecasting rather than games of chance.
The transition consolidates issuance and settlement into a single Solana-native protocol.
Users who opened positions before June 1, 2026, continue to operate under the original Kalshi-via-DFlow framework and must complete the manual settlement process for those holdings.
New activity, however, benefits from the streamlined, automatic experience.
This update aligns with broader efforts in the Solana ecosystem to bring more financial primitives fully on-chain while preserving user control.
By tokenizing positions as SPL assets and automating redemption, the change reduces friction for participants and integrates prediction market activity more seamlessly into everyday wallet usage.
Trading event contracts remains subject to jurisdictional restrictions, and participants bear full responsibility for compliance with local laws, tax obligations, and the inherent risks of loss.
Phantom’s move highlights how wallets are evolving from simple storage tools into comprehensive platforms that embed complex financial products directly into users’ existing interfaces. As prediction markets continue to grow in popularity, infrastructure choices like this one influence both accessibility and the degree of decentralization available to traders.
