Phantom Starts a Staged US Launch of In-Wallet Prediction Markets

US users of Phantom can now trade prediction markets in the wallet, under a staged launch that began Friday and runs through Kalshi , in what Phantom called its first US integration. Phantom introduced Kalshi-powered prediction markets in December, promoting them as trades that needed no separate account. The US version needs one. General Counsel Kevin Jacobs wrote that Kalshi “approves and holds users’ trading accounts, and executes the trades they submit using Phantom.” Jacobs said Phantom sought its no-action relief with this product in mind. CFTC staff granted that relief in March , agreeing in Staff Letter 26-09 that Phantom need not register as an introducing broker, subject to 10 conditions .

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