Phantom identifies World.xyz as issuer of tokenized event contracts
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.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
When Will AI Trading Bottom Out? The Market Eyes the "Prisoner's Dilemma" Behind Meta's "Massive Bond Issuance"
Barclays believes that AI giants competing to secure early financing have created a "prisoner's dilemma," and collective bond issuance will drive up financing costs, restricting the narrowing of credit spreads. As risks associated with lower-rated bonds increase and credit differentiation among AI issuers intensifies, whether the supply of financing can be absorbed by the market will become the key factor in determining if AI-related trading can stabilize.
After Record Hedge Fund Sell-off, Goldman Sachs Recommends 'Selective' AI Allocation but Remains Cautious
Hedge funds have deleveraged in 7 out of the past 8 trading days, with net leverage dropping to a one-year low. Goldman Sachs strategist Louis Miller believes that the decline in momentum exposure, sharp corrections in stock prices, and stable earnings expectations for leading AI companies have created buying opportunities for certain assets. However, Pasquariello admits to having "limited conviction" regarding market direction, as the returns on capital expenditures remain uncertain. Goldman Sachs recommends a selective layout in AI.
Crypto prices
More
