Introducing Phantom Prediction Markets, a new way to discover, discuss, and trade real-world events and cultural moments that interest you. It’s a social way to participate in what’s happening in the world from award shows and sports to politics and music, all directly on Phantom and powered by Kalshi.
Discover, connect, and trade global moments
See what’s trending and changing in real time
Explore hundreds of curated markets and current events across sports, politics, crypto, culture, and more. All organized and searchable so you can join in on what matters most to you. Plus, watch scores and odds change with live event updates right as they happen.
Make a prediction in a few taps
Whether an event or a new cultural phenomenon, get in on it with the same ease as swapping a token on Phantom. Positions are binary, think Team A or Team B, depending on outcomes. Easily buy and sell event contracts with multiple tokens, including CASH.
Join conversations and get in on the action
With a live chat for every market, you can tap in mid-conversation to read the room, spark some debate, or follow the signal(s) on which way the crowd’s leaning. Because markets are better with a crowd and a whole lot more fun when everyone’s talking.
*And the chat roars*
When all these things come together you get a market where conversations move as fast as the odds, insights spread across the world in seconds, and trading feels like being a part of something much bigger.
Key features
Here’s what you can do with prediction markets in Phantom.
- Every market at your fingertips: Browse hundreds of markets across sports, politics, crypto, and other categories.
- Turn predictions into positions in a few taps: Trade easily with simple Yes or No positions. No need to understand complex order types.
- Community-powered trading: Join live chats with other Phantom users on every market and track sentiment in real-time.
- Stay updated, automatically: View real-time prices, event details, and live data. Stay in the know with updates about event status, position results, and when claims are ready.
- One wallet, zero hassle: Trade without creating a separate account or moving funds to another app. Use multiple tokens in your wallet, including CASH, to fund trades.
Get started with Phantom Prediction Markets
Browse and select a market
Open Phantom and tap Predictions. Browse featured, trending, or live markets, or filter by categories like sports, politics, and crypto. Select an event to see all the details and current prices.
Predict an outcome
To place a trade:
- Choose the outcome you want to trade
- Pick “Yes” (you think it will happen) or “No” (you think it will not)
- Enter how much you want to spend
- Select the token you want to pay with, like CASH
- Review your order
- Confirm your trade
Your position is now active.
Monitor position and claim your payout
View your open position size and estimated value from the events page. From your portfolio, you can review all open and settled prediction market positions. When an event ends, you’ll get a push notification if your position won or lost, and any payout you earned will become available to claim. If early selling is supported for a specific event, Phantom will show options to close or reduce your position before the event ends.
Looking ahead
Our goal is to make Phantom the best place to easily trade more things that matter to you. Now you can trade events worldwide using prediction markets in the same place you trade tokens and perps. And alongside a community participating in the same moments as you.
We’re rolling out access soon, with more events and features coming in the future. If you don’t have access to prediction markets yet, hang tight, they’re coming. And if you do, tag us on X and let us know what you think.
Resources
If you have any questions about how prediction markets work on Phantom or want to brush up on the basics, check out the following article:
Prediction markets in Phantom are not available in all jurisdictions. They may involve risks, including but not limited to volatile pricing, limited liquidity, and potential regulatory changes. Trading prediction markets may incur transaction fees and other costs. If your prediction is incorrect, you may lose the entire amount you allocate to an event. References to third parties are informational only and do not imply endorsement or affiliation.
