We experimentally demonstrate the generation of intense ultrabroadband optical pulses whose spectrum ranges from 300 to 1000 nm (700-THz bandwidth) with a well-behaved spectral phase and 23-muJ pulse energy by a novel, simple setup utilizing induced phase modulation (IPM) in an argon-filled single-mode hollow waveguide. Fundamental as well as second-harmonic pulses produced by one common femtosecond pulse from a Ti:sapphire laser-amplifier system are copropagated in the hollow waveguide. The effect of the delay time between the two input pulses on the IPM spectral broadening is clarified and confirmed to agree with the theoretical result. It is found that the compressed pulse duration from this pulse is 1.51 fs if its phase is completely compensated for.