Phantom Starts a Staged US Launch of In-Wallet Prediction Markets
By Unchained
AI summary of the source article
Phantom has begun a staged US rollout allowing users to trade Kalshi-powered prediction markets directly within its wallet. The integration operates under CFTC no-action relief exempting Phantom from registering as an introducing broker, subject to 10 conditions.
Why it matters
Kalshi’s vice president of business development, Max Crowley, said that “Phantom did the regulatory work up front, and it’s a model for how prediction markets can reach more people.”
Key facts
- US Phantom users can trade prediction markets in-wallet through Kalshi, requiring identity verification and a linked Kalshi account.
- CFTC staff granted Phantom no-action relief in March, exempting it from registering as an introducing broker under specific conditions including joint liability.
- Phantom charges $0.01 per contract alongside Kalshi's $0.01 exchange fee, plus a variable network fee, with payouts handled via Stripe.
Source excerpt · Unchained
Trades run through Kalshi accounts that users open or link inside the wallet, with each contract carrying two cents in trading fees. The post Phantom Starts a Staged US Launch of In-Wallet Prediction Markets appeared first on Unchained .