Phantom integrates Kalshi prediction markets for US users while facing state lawsuits, with market restrictions in Michigan, Nevada, and Washington.
DeFi & Yields ·
Phantom has integrated Kalshi prediction markets for US users, enabling trades funded with CASH stablecoins. The wallet operator stated it is "confident and comfortable" with the rollout despite facing state lawsuits.
The integration applies market restrictions in Michigan, Nevada, and Washington, reflecting regulatory constraints in those jurisdictions. Kalshi, a regulated prediction market platform, operates within US legal frameworks, though the exact nature of the state lawsuits and their scope remains unclear from available details.
The move signals Phantom's willingness to offer prediction market functionality to its user base at a time when regulatory scrutiny of such products is intensifying across multiple states. What remains open is whether additional states will impose restrictions, how the lawsuits may ultimately affect the partnership, and whether other wallet providers will follow with similar integrations.