Phantom launches Kalshi-powered prediction markets for US users

The crypto wallet’s new integration offers CFTC-regulated event contracts through Kalshi, as prediction markets face growing legal challenges in the US.

Crypto wallet provider Phantom has launched prediction markets for eligible US users through an integration with Kalshi, allowing them to trade on crypto prices, sports and other real-world events directly within its app.

According to Wednesday’s announcement, the integration offers CFTC-regulated event contracts, including short-term Bitcoin price markets that settle every 15 minutes. Trades can be funded through Phantom Cash balances, denominated in the CASH stablecoin.

Kalshi handles customer verification, account management and trade execution, while Phantom provides access through its app. The launch follows no-action relief granted by the Commodity Futures Trading Commission (CFTC) in March, allowing Phantom to connect users to regulated markets without registering as an introducing broker, subject to certain conditions.

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