World XYZ Mystery Finally Solved?

The World token jumped 48% in 24 hours on June 30 after Austin Federa (@Austin_Federa) revealed details about World XYZ (@world_xyz), a project that had drawn sustained speculation from the crypto community. The disclosure appears to have resolved months of uncertainty around the project's identity and purpose.

Phantom Confirms World Prediction Markets as New Provider

Phantom (@phantom) has identified World Prediction Markets as the issuer behind its tokenized event contracts on Solana, replacing Kalshi following a transition that took effect on June 1. According to Phantom's official support documentation, markets inside the wallet are now powered by World Prediction Markets on Solana, with positions represented as standard Solana SPL tokens held directly in users' wallets.

The new system enables automatic payouts when a market resolves. Each contract is priced between $0 and $1 based on implied probability, and winning positions settle directly to a user's wallet balance without requiring manual action.

The switch marks a notable shift from the original setup. Phantom had launched its prediction markets feature in December 2025 through a partnership with Kalshi, the CFTC-regulated event trading exchange. That integration gave Phantom's more than 20 million users access to tokenized positions referencing Kalshi's regulated event markets, spanning politics, sports, economics, and culture, all from within the wallet.

What the Transition Means for Users

With World Prediction Markets now in place, the underlying infrastructure has changed but the core experience for Phantom users remains broadly similar. Outcome tokens continue to function as standard Solana SPL tokens, meaning positions are visible in blockchain explorers and can be cashed out or redeemed through the app. The move also brings the prediction market layer fully onchain on Solana, where SPL-tokenized prediction positions gain the composability of Solana DeFi, including the ability to be swapped, collateralized, or integrated into other onchain systems.

The 48% price move in the World token, cited by data from Coinbase and Phantom, reflects how much uncertainty had surrounded the project before Federa's disclosure. With the issuer now confirmed and the mechanism explained, the market appears to have repriced the asset accordingly.

Sources:
Phantom Support: Trade prediction markets in Phantom
CoinDesk: Phantom Adds Kalshi to Wallet, Lets Users Trade Prediction Markets With Solana Tokens