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Phantom Wallet Opens the Door to Regulated Event Trading

Key Takeaways

  • Phantom wallet now lets users trade tokenized event contracts directly in-app via a regulated provider, which expands beyond crypto trading;
  • The feature offers live odds, instant updates, and chat rooms for real-time discussion on politics, sports, and global events;
  • Users can participate using Solana or stablecoins, with CFTC oversight to ensure compliance and seamless integration in a single wallet.

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Phantom Wallet Opens the Door to Regulated Event Trading

A new feature became available in the Phantom crypto wallet on December 12, which allows users to access and trade tokenized event contracts within the app through a partnership with a licensed provider.

According to a press release, this feature connects wallet holders directly to regulated event markets from their accounts.

With this update, users can browse trending subjects such as politics, global economics, sports, and cultural events and make trades without leaving the wallet.

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Live odds are displayed instantly in the interface, and notifications appear when an event resolves or settles. The process uses a platform under CFTC oversight to support regulatory compliance.

The integration allows participation using Solana SOL $133.12 tokens or a stablecoin supported in the Phantom wallet, which eliminates the need to set up separate accounts or transfer funds elsewhere.

Additionally, every prediction market includes a chat area, so users can watch discussions, share viewpoints, and track how outcomes and community mood evolve in real time.

According to Phantom CEO Brandon Millman, these markets are part of an effort to consolidate multiple financial tools into a single wallet, alongside services such as swaps and futures trading.

This approach aims to give users one place to manage both standard digital asset trading and event-related financial activities.

Myriad recently became the first prediction-market platform built directly into Trust Wallet's new Predictions feature. What did Trust Wallet say about the integration? Read the full story.

Aaron S. Editor-In-Chief
Having completed a Master’s degree in Economics, Politics, and Cultures of the East Asia region, Aaron has written scientific papers analyzing the differences between Western and Collective forms of capitalism in the post-World War II era.
With close to a decade of experience in the FinTech industry, Aaron understands all of the biggest issues and struggles that crypto enthusiasts face. He’s a passionate analyst who is concerned with data-driven and fact-based content, as well as that which speaks to both Web3 natives and industry newcomers.
Aaron is the go-to person for everything and anything related to digital currencies. With a huge passion for blockchain & Web3 education, Aaron strives to transform the space as we know it, and make it more approachable to complete beginners.
Aaron has been quoted by multiple established outlets, and is a published author himself. Even during his free time, he enjoys researching the market trends, and looking for the next supernova.

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