Phantom adds Kalshi prediction markets for US users as rules diverge

Phantom began offering prediction markets to eligible U.S. users on Oct. 23, 2026, through a partnership with Kalshi, giving its wallet app, which has more than 20 million users, another reason to use it. Users can take positions on 15-minute crypto price moves and sports, economic or political contracts, funded with Phantom Cash and paid into the same wallet; Kalshi handles verification, accounts and execution, while KalshiEX LLC offers the contracts. Phantom is not CFTC-registered, though CFTC staff granted it conditional relief from introducing-broker registration on Mar. 17, 2026, for acting as a passive software provider. Kalshi still faces state restrictions on some market segments.