Phantom prediction markets are rolling out to eligible US users through an integration with Kalshi, allowing them to trade event contracts inside the crypto wallet app. Phantom said on October 23, 2026, that access would expand over the following weeks.
How Phantom prediction markets work
The service is appearing in a new Predict tab, where eligible users can view live market data, sports scores and discussions before trading. Markets include crypto prices, sports and other events, with some Bitcoin price contracts settling every 15 minutes.
Trades can be funded using Phantom Cash balances denominated in the CASH stablecoin. Availability varies by state and market category.
Kalshi’s role and regulatory relief
Under the Kalshi integration, a third-party service collects and stores identity information, while Kalshi approves and holds users’ trading accounts and executes trades. Phantom provides access through its app.
In March, Commodity Futures Trading Commission staff issued no-action relief stating that Phantom could provide access to regulated markets without registering as an introducing broker, subject to conditions. Phantom is not registered with the CFTC.
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