Phantom Adds Kalshi Prediction Markets for US Crypto Users

Phantom Rolls Out Kalshi Prediction Markets in the US

Popular crypto wallet Phantom has officially rolled out access to Kalshi prediction markets for its users in the United States. This expansion allows users to interact with event-based trading contracts directly from within their wallet interface.

The launch comes at a time when event-contract platforms face ongoing regulatory debate and state-level legal challenges across the country. Despite these legal headwinds, Phantom stated that it feels both confident and comfortable moving forward with the integration.

Funding Trades with CASH Stablecoins

To trade on Kalshi event contracts inside the wallet, Phantom users will fund their positions using CASH stablecoins. Using a stablecoin provides a simple, dollar-pegged asset for settling positions cleanly without exposure to crypto price swings during trade settlement.

This integrated payment setup aims to give users a streamlined experience when opening or closing event positions on-chain.

State-Level Restrictions in Michigan, Nevada, and Washington

Although the feature is rolling out broadly to American users, legal limits apply in certain areas. Phantom confirmed that market access is restricted for residents in three specific US states:

• Michigan
• Nevada
• Washington

These geographical exclusions reflect local state laws and regulatory frameworks governing derivatives and gaming activities. Users based in these restricted states will not be able to participate in Kalshi trades through Phantom.

What Are Kalshi Prediction Markets?

Kalshi is a US-regulated platform that lets traders buy and sell contracts based on the outcomes of real-world events. These contracts cover a wide range of topics, including economic metrics, central bank interest rate moves, and political results.

Bringing prediction markets into a self-custody crypto wallet makes event trading more accessible to Web3 users. However, market participants should remain aware that trading event contracts carries financial risk, as contracts can settle at zero if predicted outcomes do not occur.