Solana-based prediction market app on Phantom wallet launches

A Solana-based prediction market platform is launching, aiming to compete with market leaders Polymarket and Kalshi.

The new platform has been christened World — not to be confused with the Sam Altman-backed, human verification project which shares the same name.

According to a social media post, World will be available through the popular Phantom crypto wallet, and Chainlink will provide oracle infrastructure to enable "immediate resolutions and instant payouts."

"Prediction markets are one of the most powerful applications you can build on a high-performance blockchain," Solana Foundation's Head of Consumer Pedro Miranda said in an article shared on World's X account. "World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are."

Of the two major players, Polymarket is the most crypto native, accepting various cryptocurrencies that it then converts into Circle's USDC stablecoin. Kalshi accepts USDC, Solana, and Bitcoin, then converts them to fiat USD.

Prediction markets have been considered a major growth area as Kalshi and Polymarket spend heavily on advertising campaigns while also inking high-profile corporate partnerships. Kalshi is seeking to raise more capital at a $40 billion valuation.

"By launching inside Phantom, the most widely used wallet in Solana, World is immediately accessible to tens of millions of active users without requiring a separate app download or additional wallet setup," according to the article World shared Wednesday.

Coinbase, Robinhood, and DraftKings are all also involved in offering clients access to prediction markets where users can wager on sports, politics, economic events, and even the weather.

Source: https://www.theblock.co/post/406900/solana-based-prediction-market-app-on-phantom-wallet-launches