World Launches as Onchain Prediction Market on Solana

World, a new onchain prediction market, is now live on Solana, accessible via the Phantom wallet and its official site, world.xyz. The platform utilizes Chainlink as its primary oracle infrastructure, enabling users to trade event contracts tied to crypto prices and major events such as the 2026 FIFA World Cup.

The platform features a non-custodial model, meaning users trade directly from their Solana wallets. All transactions, including positions, settlements, and redemptions, occur entirely onchain. World uses the CASH stablecoin for settlements, allowing automatic redemption of winning positions within users' wallets. This helps streamline the trading process and enhances user experience.

The launch follows a period of significant anticipation, as the World project attracted attention on social media with minimal details, leading many to speculate about its purpose. After a legal disclosure on Phantom's site emerged, it became clear that World is focused on prediction markets rather than other potential concepts like meme coins or generic trading apps.

Pedro Miranda, head of consumer at the Solana Foundation, commented, "Prediction markets are one of the most powerful applications you can build on a high-performance blockchain. World is designed to show what Solana makes possible: real-time markets, onchain settlement, and a user experience that meets people where they are."

Chainlink will facilitate market data and resolution services through its Chainlink Data Streams and Runtime Environment. This setup aims to reduce reliance on human-operated resolutions, a common challenge in prediction markets.

World's launch contributes to the evolving landscape of prediction markets on Solana. Other platforms, like Jupiter, have also started offering similar services, such as the Forecast beta, which features short-term price contracts. World aims to expand its offerings beyond sports and crypto, potentially including markets on geopolitics and macroeconomics in the near future.

Looking ahead, World plans further partnerships to enhance its distribution across both fintech and crypto platforms, with more announcements expected in July. The emergence of such platforms marks a growing interest in decentralized market structures within the Solana ecosystem.