Phantom, the Solana wallet used by over 20 million people, has officially named World Prediction Markets as the issuer and infrastructure provider behind the tokenized event contracts available in its app. The disclosure, posted on Phantom’s prediction markets page, marks a clean break from the wallet’s previous arrangement with Kalshi, which had powered the feature since its December 2025 launch.

The switch happened on June 1, 2026.

What changed and why it matters

Under the previous Kalshi-powered setup, which Phantom launched on December 12, 2025, settlements were manual. When an event concluded, users had to go through extra steps to actually receive their winnings.

World Prediction Markets changes that by introducing automatic redemption of event outcomes. When a market resolves, payouts happen without users needing to lift a finger.

The new system also represents all prediction market positions as Solana SPL tokens. These sit directly in users’ wallets, tradeable and visible like any other token. The entire architecture remains non-custodial and peer-to-peer, meaning Phantom never takes custody of user funds during the process.

For resolution of these markets, the infrastructure may utilize oracles such as Chainlink to verify real-world event outcomes.

From Kalshi to World: the backstory

Phantom’s prediction markets journey started in late 2025, when the wallet integrated with Kalshi, a CFTC-regulated exchange, to let users trade on real-world events using Solana tokens and Phantom’s own stablecoin, CASH. Prior to the June transition, DFlow served as the intermediary connecting Phantom users to Kalshi’s markets.

World handles both the issuance and execution of contracts, consolidating what was previously a more fragmented setup. The platform classifies these markets as skill-based trading on objective outcomes rather than gambling.

The WORLD token, associated with the prediction markets platform, currently carries a market cap fluctuating in the low millions.