adminIn recent developments, the new Phantom Prediction Markets feature supports tokenised event trading across multiple categories. Crypto exchanges such as Gemini and Coinbase are also moving into US prediction markets. Regulatory challenges persist, with recent legal action involving the state of Connecticut and Kalshi. Crypto wallets are increasingly becoming gateways to real-world financial activity, and Phantom’s latest move highlights that shift. The crypto wallet application has partnered with regulated prediction market Kalshi to embed event-based trading directly into its wallet interface. The integration allows users to engage with outcome-driven markets without moving funds to external platforms. It also reflects a broader push by crypto firms to blend onchain infrastructure with regulated financial products tied to real-world events, from elections to economic data and cultural moments. The partnership, announced on Friday, introduces a new product inside the wallet called Phantom Prediction Markets. The feature allows users to explore live events, monitor price movements, and trade tokenised positions linked to Kalshi’s markets, all within Phantom’s existing interface. The move positions wallets not just as storage tools, but as active trading hubs. How the Phantom Kalshi integration works Phantom users will be able to discover trending event markets and track live odds directly inside the wallet. The integration enables trading of tokenised positions that reference Kalshi’s regulated event contracts, covering categories such as politics, economics, sports, and culture. Instead of navigating separate trading platforms, users can place and manage positions from the same wallet they already use for onchain activity. The structure relies on tokenised representations tied to Kalshi’s markets, linking decentralised wallet infrastructure with regulated event trading. Phantom described the product as a way to let users engage with topics they care about in real time, using crypto-native tools to interact with real-world outcomes. The rollout adds to Phantom’s expanding feature set as competition intensifies among wallet providers. Prediction markets draw crypto exchanges Phantom’s announcement comes as crypto exchanges and affiliated entities move quickly to establish a presence in US prediction markets. On Thursday, Gemini Titan, an affiliate of the crypto exchange Gemini, received a designated contract market licence from the US Commodity Futures Trading Commission. Gemini said the licence would allow it to offer event contract trading through its web platform. Following the announcement, Gemini shares rose by nearly 14% in after-hours trading, reflecting investor interest in the segment. Prediction markets have gained traction as traders look for alternative ways to express views on macroeconomic indicators, elections, and other headline-driven events, often outside traditional derivatives markets. Regulatory pressure shapes the landscape Despite rising adoption, prediction markets continue to face regulatory scrutiny in the US. On Dec. 4, the Connecticut Department of Consumer Protection sent cease and desist orders to Robinhood, Kalshi, and Crypto.com, alleging they were offering unlicensed online gambling services. Kalshi responded the following day by filing a lawsuit against the state agency, arguing that its event contracts are permitted under federal law. A Connecticut federal court judge later ordered the department to pause enforcement actions against Kalshi, temporarily blocking the cease and desist order. The ruling provides short-term relief for Kalshi as legal questions around prediction markets remain unresolved. The post Phantom integrates Kalshi prediction markets as crypto wallets expand into event trading appeared first on CoinJournal.
Looking closer, market participants highlight key drivers such as liquidity flows, macro risk appetite, regulatory headlines, and on-chain activity. Short-term swings often reflect liquidation cascades and funding imbalances, while spot volumes and exchange inflows set the broader tone.
Analysis: The medium-term picture hinges on whether buyers can sustain momentum without excessive leverage. If flows continue favoring majors like BTC and ETH, altcoins could experience a staggered rotation instead of a broad-based rally. Meanwhile, policy clarity in key jurisdictions remains a decisive catalyst; clearer rules typically compress risk premia and attract institutional allocations. Beyond price action, on-chain metrics such as active addresses, fees, and stablecoin velocity help validate trend strength.
Outlook: Over the next few weeks, observers will watch price acceptance above recent resistance, derivatives positioning, and ETF-related flows. A constructive setup would feature rising spot demand, contained leverage, and improving breadth across sectors such as DeFi, infrastructure, and Layer-2 ecosystems.
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