# Phantom Launches Kalshi-Powered Prediction Markets for US Users Crypto wallet Phantom integrates CFTC-regulated event contracts for direct in-app trading. - **Source:** [Cointelegraph.com News](https://brifing.si/source/2e81e982-0137-4db0-8ac2-351f37085775) - **Published:** 2026-10-28 - **Topic:** [Finance](https://brifing.si/c/finance) - **Original article:** - **On Brifing:** https://brifing.si/s/bce9a1ea-1098-4963-9440-b6537705d2ff ## Integration of Prediction Markets Phantom has officially launched prediction markets for US users by integrating with Kalshi. This new feature allows users to trade on crypto prices, sports outcomes, and various real-world events directly within the wallet interface. The service is accessible via a dedicated Predict tab, mirroring the user experience of standard cryptocurrency token swaps. ## Regulatory Framework and Compliance The integration utilizes CFTC-regulated event contracts, ensuring a legal pathway for US-based trading. This follows specific no-action relief granted by the Commodity Futures Trading Commission in March, which permits Phantom to connect users to these markets without registering as an introducing broker. Kalshi manages all customer verification and trade execution processes. ## Operational Mechanics and Funding Trades within the Phantom app are funded using Phantom Cash balances, which are denominated in the CASH stablecoin. The platform offers high-frequency options, including short-term Bitcoin price markets that settle every 15 minutes. Availability of these specific markets and services varies significantly depending on the user's state of residence and category. ## Market Growth and Volume Trading activity on Kalshi has shown significant momentum despite broader industry challenges. Between September 28 and October 27, 2026, the platform recorded $10.8 billion in crypto contract volume. This figure represents a 19.6% increase compared to the previous 30-day period, indicating strong user demand for regulated event-based financial derivatives. ## Legal Landscape and Disputes The launch occurs amidst ongoing legal friction regarding prediction markets in the United States. The CFTC recently sued Utah after the state attempted to challenge Kalshi’s event contracts under local gambling laws. This case highlights the central conflict over whether federal derivatives regulation should supersede state-level gambling statutes across the country. ## Broader Industry Implications The tension between federal oversight and state gambling laws remains a critical hurdle for prediction market platforms. While the CFTC provides a framework for operation, state-level resistance creates operational uncertainty. Market participants are closely watching these legal proceedings to determine the long-term viability of event-based trading models within the US financial ecosystem. ## User Experience and Interface Phantom aims to simplify the complex world of derivatives by providing a familiar interface for its existing user base. Eligible users can monitor live market data, track sports scores, and participate in market discussions before executing trades. This approach lowers the barrier to entry for retail users interested in event-based financial speculation. ## Strategic Market Positioning By embedding prediction markets into a widely used crypto wallet, Phantom is positioning itself as a comprehensive financial hub. The move leverages the existing liquidity of the CASH stablecoin while expanding the utility of the wallet beyond simple asset storage. This integration marks a significant step in the mainstream adoption of regulated crypto-native derivatives. ## Sources covering this story - https://cointelegraph.com/news/phantom-launches-kalshi-powered-prediction-markets-for-us-users?utm_source=rss_feed&utm_medium=rss&utm_campaign=rss_partner_inbound — --- _Summary written by Brifing from the original reporting. Copyright in the original article belongs to its publisher; read the full piece at the link above._