Phantom introduces Kalshi prediction markets for US users amid state lawsuits
Phantom has launched Kalshi prediction markets for users in the United States, allowing them to trade event contracts using CASH stablecoins despite ongoing state legal challenges.
Crypto wallet Phantom has rolled out Kalshi prediction markets to users across the United States, enabling direct trading of event contracts within the wallet application. The integration allows users to fund their prediction market trades primarily with CASH stablecoins, according to reports from The Block and CoinGape.[2][4]
The rollout comes amid ongoing state lawsuits, though Phantom stated it remains confident and comfortable offering the markets. Access to the prediction markets has been restricted for users located in Michigan, Nevada, and Washington, The Block reported.[3][4]
The integration highlights mounting friction between federal and state regulatory frameworks, which could potentially reshape the legal environment surrounding prediction markets, according to Crypto Briefing.[1]
Key facts
- Phantom launched Kalshi prediction markets for users in the United States.
- Prediction market trades within Phantom are funded using CASH stablecoins.
- Market access is restricted for users in Michigan, Nevada, and Washington.
- Phantom stated it is 'confident and comfortable' offering the markets amid state lawsuits.
- The integration highlights tensions between federal and state regulations that could affect prediction market legality, according to Crypto Briefing.
Sources · 4 sources
- CB
Crypto BriefingArticle ·
Phantom brings Kalshi prediction markets to US users as legal fights mount The integration highlights the tension between federal and state regulations, potentially reshaping the legal landscape for prediction markets. The post Phantom brings Kalshi prediction markets to US users as legal fights mount appeared first on Crypto Briefing .
Open source - CO
CoinGape@CoinGapeMediaPost on X ·
🚨 #Phantom Brings #Kalshi Prediction Markets to US Users Users can trade event contracts directly in #Phantom, primarily funded with its $CASH stablecoin. 🔗 Know more in comments
Open source - TB
The Block@TheBlockCoPost on X ·
EXCLUSIVE: Phantom rolls out Kalshi prediction markets to US users, says it's 'confident and comfortable' amid state lawsuits https://t.co/TWw8CCYZUz
Open source - TB
The BlockArticle ·
Phantom rolls out Kalshi prediction markets to US users, says it’s ‘confident and comfortable’ amid state lawsuits Phantom users will fund trades with CASH stablecoins, with market restrictions applied in Michigan, Nevada and Washington.
Open source