Key facts
- Phantom users can trade CFTC-regulated event contracts, including Bitcoin price markets.
- Trades are funded through Phantom Cash balances using the CASH stablecoin.
- Kalshi handles verification, account management, and trade execution.
- The service is available through a new 'Predict' tab in the Phantom app.
Crypto wallet provider Phantom has launched prediction markets for eligible US users through an integration with Kalshi, allowing them to trade on crypto prices, sports, and other real-world events directly within its app. The integration offers CFTC-regulated event contracts, including short-term Bitcoin price markets that settle every 15 minutes. Trades can be funded through Phantom Cash balances, denominated in the CASH stablecoin. Kalshi handles customer verification, account management, and trade execution, while Phantom provides access through its app. The launch follows no-action relief granted by the Commodity Futures Trading Commission (CFTC) in March, allowing Phantom to connect users to regulated markets without registering as an introducing broker, subject to certain conditions. The service is rolling out through a new Predict tab in Phantom, with availability varying by state and market category. Kalshi recorded $10.8 billion in crypto contract volume over the 30 days ending Oct. 27, up 19.6% from the previous period.