$US | Phantom launches prediction markets as state-level lawsuits leave the boundaries of availability unclear
According to The Block, Phantom has launched Kalshi prediction markets for U.S. users, who will use the CASH stablecoin to fund trades. Markets are restricted in Michigan, Nevada, and Washington. Despite facing state-level lawsuits, Phantom says it is “confident and comfortable” with the situation.
The simultaneous launch of the product and regional restrictions means this news is about more than just a new feature. It offers a new way for users to access prediction markets, while leaving questions about the actual coverage area. Expectations for availability and usage may be reassessed as the boundaries of the restrictions change; the platform’s expression of confidence does not mean the lawsuits have been resolved.
The material does not explain any direct connection between this development and USUSDT, nor does it provide user data. Whether future announcements confirm that the restrictions in the three states remain unchanged, expand, or are adjusted is the most direct question for assessing the scope of this launch.
Source: The Block | Related market: perpetual futures
Completed 15-minute candlestick observation range: 0.005666–0.006094. Verify the news impact and price reaction separately: watch whether closes outside the range persist and whether there are further developments in the news itself.
#CryptoNews
Disclosure: This article participates in Plaza content mining and may earn trading rebates and engagement rewards.
According to The Block, Phantom has launched Kalshi prediction markets for U.S. users, who will use the CASH stablecoin to fund trades. Markets are restricted in Michigan, Nevada, and Washington. Despite facing state-level lawsuits, Phantom says it is “confident and comfortable” with the situation.
The simultaneous launch of the product and regional restrictions means this news is about more than just a new feature. It offers a new way for users to access prediction markets, while leaving questions about the actual coverage area. Expectations for availability and usage may be reassessed as the boundaries of the restrictions change; the platform’s expression of confidence does not mean the lawsuits have been resolved.
The material does not explain any direct connection between this development and USUSDT, nor does it provide user data. Whether future announcements confirm that the restrictions in the three states remain unchanged, expand, or are adjusted is the most direct question for assessing the scope of this launch.
Source: The Block | Related market: perpetual futures
Completed 15-minute candlestick observation range: 0.005666–0.006094. Verify the news impact and price reaction separately: watch whether closes outside the range persist and whether there are further developments in the news itself.
#CryptoNews
Disclosure: This article participates in Plaza content mining and may earn trading rebates and engagement rewards.