Phantom launches Kalshi-powered prediction markets for US users
Summary
Phantom has launched prediction markets for eligible US users through Kalshi, letting them trade CFTC-regulated contracts on crypto prices, sports and other events in the app. Users can fund trades with Phantom Cash, denominated in the CASH stablecoin. Kalshi manages verification, accounts and execution; availability depends on state and market category. The launch follows CFTC no-action relief issued in March. The rollout comes amid disputes over whether federal derivatives rules override state gambling laws, including a CFTC lawsuit against Utah. Kalshi reported $10.8 billion in crypto contract volume during the 30 days ending Oct. 27, up 19.6% from the previous period.
