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DegenBenchPrediction marketsPhantom#09Checked 26 Oct 20268 sources · official docs + public data

Phantom review

The predictions tab of the Phantom app#09Solana

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 get Kalshi markets after an identity check. The fee is steep: 5% at 50¢ outside the US, more than most venues charge directly.

Open Phantomphantom.com

phantom.com

Event contracts can expire worthless, and many countries treat prediction markets as gambling. Adults only, where it is legal. Only stake what you can afford to lose.

In an allowed country but the site won’t open? Your VPN may be connected to a country this platform excludes. Turn it off and the page will load.

DegenBenchChecked 26 Oct 20268 sources · official docs + public data#09

Event contracts can expire worthless, and many countries treat prediction markets as gambling. Adults only, where it is legal. Only stake what you can afford to lose.

In an allowed country but the site won’t open? Your VPN may be connected to a country this platform excludes. Turn it off and the page will load.

Taker fee
5% at 50¢ outside the US · $0.02 a contract in the USOutside 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
Not trackedPhantom publishes no prediction volume. DefiLlama tracks World, the venue behind its markets outside the US: $12.7M over 30 days to 26/10/2026.
Excluded countries
2Phantom's help center excludes the UK and Germany, plus jurisdictions sanctioned by the US, from prediction markets. In the US, Kalshi markets have been rolling out since 23 October 2026, with some categories restricted in Michigan, Nevada and Washington.
Type
Wallet or appRoutes orders to: World, Kalshi
Operator
Phantom Technologies, Inc.Outside the US, markets come from World, a protocol run by the World Protocol Foundation (Cayman Islands); in the US, from Kalshi. Phantom is not registered with the CFTC: a March 2026 staff no-action letter (26-09) covers its US access.
Custody
Self-custody outside the US; funds at Kalshi in the US
Identity check (KYC)
Not documentedIn the US, Kalshi verifies your identity before any trade. Phantom's help page for World markets describes no identity check.
Resolution
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
Solana (World) · Kalshi Klear (US) · CASH

Checked 26 Oct 20268 sources

Who it’s for

Pick it if

You already use Phantom on your phone and want to trade events without leaving the wallet.

Skip it if

You want limit orders, an API or a low fee, or you are in the UK or Germany.

Strengths

  • Built into the Phantom mobile app, with gasless funding from the Cash account.
  • Regulated Kalshi markets for US users since October 2026, under CFTC no-action relief.
  • Referral rebate: 10% of your own fees back for three months with a code.

Limits

  • 5% at 50¢ outside the US, with market orders only.
  • Mobile only: no web version and no API for predictions.
  • Its help center still listed prediction markets as unavailable in the US after the 23 October launch.

Excluded countries

Phantom's help center excludes the UK and Germany, plus jurisdictions sanctioned by the US, from prediction markets. In the US, Kalshi markets have been rolling out since 23 October 2026, with some categories restricted in Michigan, Nevada and Washington.

  • Germany
  • United Kingdom

Markets listed

  • Sports
  • Politics
  • Crypto
  • Culture
  • Economics

What it offers

  • Order bookNo
  • Anyone can create a marketNo
  • Combos / parlaysNot documented
  • Maker rebatesNot documented
  • Yield on collateralNot documented
  • Trading APINo
  • Mobile appYes
  • Telegram botNot documented
  • Own tokenNot documented
  • Points programNot documented

“Not documented” means we found no official page, not that the feature is missing.

How to start safely

  1. Check that you are allowed to trade

    Read the excluded countries on the card. If yours is listed, do not trade there: platforms such as Polymarket forbid getting around their blocks with a VPN in their terms.

  2. Open the official site yourself

    Type phantom.com or use a bookmark: fake prediction market sites and “airdrop” pages are common and drain wallets.

  3. Read the market rules

    Every market names its resolution source and its end date. A contract pays on what those rules say, not on what the headline says.

  4. Start small and mind the fee

    Fee formulas peak around 50¢. A limit order that waits in the book usually pays less than one that takes the best price, and often nothing.

Security record

2025-04-14 — A lawsuit alleged that security flaws in the Phantom wallet let attackers steal over $500,000 of WIENER tokens from a developer's account. Source

Official domains: phantom.com

Card history

Every change to the figures on this card, dated the day it went live. Rewording is left out.

  1. Added to DegenBench

A figure is wrong or out of date? Send it with the official source: once checked, the fix shows up here, dated.Report an error

Sources

Checked on 26 Oct 2026. Facts change quickly: re-check prices and fees in the app.

Phantom4–5% at 50¢ · phantom.com

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