Prediction markets just moved inside a self-custody wallet.
Phantom began rolling out Kalshi event contracts to US users on Oct 23, with access expanding over the next few weeks.
How it works:
• Trade sports, politics, economics and culture markets in the Phantom app
• KYC is done with Kalshi, a CFTC-registered exchange that holds the accounts and executes trades
• Funding via Phantom's dollar-pegged CASH stablecoin; winnings go back to Phantom Cash
• Fee quoted at $0.02 per contract plus a small network fee
• Phantom relies on CFTC no-action relief (Staff Letter 26-09) to avoid introducing-broker registration
The catch: state fights with Kalshi are still live. Phantom is blocking some categories in Michigan, Nevada and Washington, and those limits could change as cases play out.
$SOL is at $102.53 (-0.03% 24h, Binance spot, 13:17 KST), with a 14-day range of $98.62 to $113.40.
Bull case: wallets become all-in-one finance apps, bringing new users and stablecoin flow onchain.
Bear case: state rulings shrink what can be offered, and thin markets make it hard to cash out at fair prices.
Would you trade event contracts straight from your wallet?
Source: https://phantom.com/learn/blog/phantom-puts-its-cftc-no-action-relief-to-work-bringing-prediction-markets-to-us-users
Not financial advice. DYOR.
#WriteToEarn
Phantom began rolling out Kalshi event contracts to US users on Oct 23, with access expanding over the next few weeks.
How it works:
• Trade sports, politics, economics and culture markets in the Phantom app
• KYC is done with Kalshi, a CFTC-registered exchange that holds the accounts and executes trades
• Funding via Phantom's dollar-pegged CASH stablecoin; winnings go back to Phantom Cash
• Fee quoted at $0.02 per contract plus a small network fee
• Phantom relies on CFTC no-action relief (Staff Letter 26-09) to avoid introducing-broker registration
The catch: state fights with Kalshi are still live. Phantom is blocking some categories in Michigan, Nevada and Washington, and those limits could change as cases play out.
$SOL is at $102.53 (-0.03% 24h, Binance spot, 13:17 KST), with a 14-day range of $98.62 to $113.40.
Bull case: wallets become all-in-one finance apps, bringing new users and stablecoin flow onchain.
Bear case: state rulings shrink what can be offered, and thin markets make it hard to cash out at fair prices.
Would you trade event contracts straight from your wallet?
Source: https://phantom.com/learn/blog/phantom-puts-its-cftc-no-action-relief-to-work-bringing-prediction-markets-to-us-users
Not financial advice. DYOR.
#WriteToEarn