Phantom Adds Kalshi Prediction Markets for U.S. Users, Funded by CASH Stablecoin
The crypto wallet is letting U.S. users trade event contracts in-app, funded through its dollar-pegged CASH stablecoin, while restricting some markets in three states.
AfroEuropa Newsroom
AfroEuropa desk
Crypto wallet provider Phantom has started giving U.S. users access to Kalshi's prediction markets, allowing them to trade contracts tied to real-world events directly within its app, according to BitKE.
Trades are funded through Phantom Cash using the company's dollar-pegged CASH stablecoin, and identity verification is required. Phantom is restricting certain markets in Michigan, Nevada, and Washington while legal questions continue over whether federally regulated prediction markets fall under state gambling rules.
Phantom General Counsel Kevin Jacobs said the company was comfortable moving ahead, pointing to the Commodity Futures Trading Commission's jurisdiction over the products, BitKE reported. The CFTC granted Phantom conditional 'No Action' relief from broker registration requirements in March 2026. According to BitKE, that position applies under specific conditions, including that Phantom does not hold customer funds or intermediate trades, with orders routed directly to registered market participants.
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