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Phantom Rolls Out Kalshi Prediction Markets to Eligible U.S. Users

Eligible users can trade Kalshi event contracts inside Phantom, with Kalshi holding the accounts and executing trades under jurisdictional restrictions.

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Phantom began rolling out prediction markets to eligible U.S. users on October 28 through an integration with Kalshi. The app offers contracts tied to crypto prices, sports, economics, politics and current events, with trades funded from Phantom Cash. Some short-duration crypto contracts settle every 15 minutes.

Kalshi performs customer checks, approves and holds the trading accounts, and executes submitted orders; Phantom is the software interface and is not registered with the CFTC. Users must complete or link Kalshi onboarding, and state-level restrictions can remove particular markets. Event contracts can lose the full amount committed.

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