Crypto wallet provider Phantom has launched access to Kalshi prediction markets for eligible US users through its app, but the service is still rolling out and availability varies by state and market category. Users can trade CFTC-regulated event contracts, including Bitcoin price markets that settle every 15 minutes, using Phantom Cash balances. Kalshi handles customer verification, account management and trade execution.
The launch follows CFTC no-action relief granted in March that allows Phantom to connect users to regulated markets without registering as an introducing broker, subject to conditions. The service enters a legal dispute over whether federal derivatives rules supersede state gambling laws for event contracts.
