Phantom adds Kalshi prediction markets for US wallet users

Phantom announced on X that it has opened prediction markets to eligible US users, letting them trade on real-world event outcomes, including where Bitcoin's price lands within the next 15 minutes and sports games such as weekend football matchups, according to Phantom.

The posts describe Kalshi as the regulated partner behind the feature, handling customer verification, maintaining user trading accounts and executing trades submitted through the Phantom app. Phantom said it was the first passive software provider to receive this kind of regulatory relief from the CFTC, citing a staff letter as confirming no-action status for the arrangement, per the same thread. The exact date and full conditions of that relief were not detailed in the announcement.

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Users can fund trades using their Phantom Cash balance, held in the CASH stablecoin, with cash-outs returning to that same balance, Phantom said. Those with existing Kalshi accounts can link them to skip verification, and users who already verified identity through other regulated partners for their Phantom Cash accounts can share those details with Kalshi instead of repeating the process.

Phantom also said Kalshi's state-level restrictions apply by market category, meaning some prediction markets will not be available to users in certain states. The announcement did not specify the rollout timeline, how many US users currently have access, or the complete list of conditions tied to the CFTC no-action relief.