Phantom Opens Kalshi Prediction Market to US Users, Trading Restricted in Some States
24/10/2026 05:10:01
Bollcoin, October 23: According to The Block, crypto wallet Phantom began rolling out Kalshi's prediction market service to US users on October 23, allowing users to trade event contracts directly within the app, with availability set to expand gradually over the coming weeks. Users must complete Kalshi's KYC verification and can fund trades through a Phantom Cash account using CASH, a USD-pegged stablecoin. Phantom general counsel Kevin Jacobs said the company believes the US Commodity Futures Trading Commission (CFTC) has clear jurisdiction over such products and that it will comply with state restrictions during litigation. Affected by lawsuits in various states, Phantom will temporarily restrict markets in sports, elections, politics and certain other categories in some states.