Predict.fun vs Phantom
Same lines, side by side: fee at 50¢, custody, KYC, excluded countries, resolution and volume, from official pages and DefiLlama.
See the 20 differences
| Line | Predict.fun | Phantom |
|---|---|---|
| Type | VenueLists, matches and settles its own markets | Wallet or appWorld, Kalshi |
| Taker fee | Edge2% at 50¢Takers pay 2% × min(p, 1 − p) × shares: 100 contracts at 50¢ cost $1.00, or $0.90 with an invite code. Makers pay nothing, and some markets pay them a rebate of up to 30%. Minimum order 1 USDT. Open positions earn Venus yield, minus a 10% management fee. | 4–5% at 50¢Outside the US, each trade pays 0.1 × p × (1 − p) per contract: 100 contracts at 50¢ cost $2.50. In the US, Kalshi markets cost $0.02 a contract, $0.01 to Phantom and $0.01 to Kalshi: $2.00 for 100 contracts at any price. Funding from the Cash account is gasless; other tokens need SOL for network fees. |
| 30-day volume | Edge$380M | Not tracked |
| New-user perk | 10% off trading fees with an invite code | 10% of your own trading fees back for three months, when you sign up on mobile with a code |
| Custody | Smart wallet in your name; Predict never holds the keys | Self-custody outside the US; funds at Kalshi in the US |
| Identity check (KYC) | Not documentedNo KYC policy is published: you sign up with an email, a Google or X account, or your own wallet, and declare that you are not in an excluded country. | Not documentedIn the US, Kalshi verifies your identity before any trade. Phantom's help page for World markets describes no identity check. |
| Excluded countries | 13Terms dated 18 November 2025: the US, the UK, France, Ontario, Singapore, Poland, Thailand and Taiwan, plus sanctioned Iran, Syria, Cuba, North Korea, Crimea, Donetsk and Luhansk. Australia and Belgium appear in the terms' capitalised notice but not in their definition of restricted jurisdictions. | 2Phantom's help center excludes the UK and Germany, plus jurisdictions sanctioned by the US, from World prediction markets, which are not offered in the US either. In the US, Kalshi markets have been rolling out since 23 October 2026, and the same page lists them as available except in Michigan, Nevada and Washington. |
| Resolution | Optimistic oracleUMA's optimistic oracle settles markets created since March 2026: a bonded proposal, a challenge window, then a UMA token-holder vote if disputed. Recurring up/down crypto markets settle from Chainlink Data Streams. Its technical overview describes a simplified adapter with no bond or dispute, which contradicts the help pages. | Settled by the source venueOutside the US, World settles each market from the oracle named in its rules, Chainlink in Phantom's disclosures, with a challenge period. In the US, Kalshi decides under its market rules. Phantom says it does not decide results. |
| Settles on | BNB Chain | Solana (World) · Kalshi Klear (US) |
| Collateral | USDT, USDC | CASH |
| Operator | PDF Labs Limited | Phantom Technologies, Inc. |
| Token | No token | No token |
| Where it runs | Web | iOS, Android |
| Chains | EVMBNB Chain | SolanaSolana |
| Documented features | Edge5 of 10 | 1 of 10 |
| Order book | Yes | No |
| Anyone can create a market | No | No |
| Combos / parlays | Not documented | Not documented |
| Maker rebates | Yes | Not documented |
| Yield on collateral | Yes | Not documented |
| Trading API | Yes | No |
| Mobile app | Not documented | Yes |
| Telegram bot | Not documented | Not documented |
| Own token | No | Not documented |
| Points program | Yes | Not documented |
Which one should you pick?
Pick Predict.fun if
You trade on BNB Chain and want a low fee at 50¢ with yield on your open positions.
The second-largest on-chain venue after Polymarket on DefiLlama: a central order book on BNB Chain, a taker fee that peaks at 2% at 50¢, and Venus yield on open positions. Its terms name the operator, PDF Labs, under British Virgin Islands law, and exclude the US, the UK and France.
Read the Predict.fun reviewpredict.fun
Pick Phantom if
You already use Phantom on your phone and want to trade events without leaving the wallet.
A predictions tab inside the Phantom app rather than a venue: outside the US it trades World markets on Solana, settled in Phantom's CASH stablecoin, and since 23 October 2026 US users outside Michigan, Nevada and Washington get Kalshi markets after an identity check. The fee is steep: 5% at 50¢ outside the US, more than most venues charge directly.
Read the Phantom reviewphantom.com
