Phantom Begins Staged US Launch of In-Wallet Prediction Markets

Phantom's move signals that prediction markets are becoming a distribution feature for consumer wallets rather than a standalone destination, with Kalshi's regulated rails doing the back-end work. The two-cent-per-contract fee is the tell: this is a volume business, and Phantom is betting its existing user base will trade events without leaving the app. The open question is whether a staged US rollout stays a differentiator or becomes table stakes, and whether the fee structure holds as other wallets eye the same integration.