Phantom brings Kalshi prediction markets to U.S. users despite state litigation
Phantom has launched Kalshi prediction markets for users in the United States, with trades settled using CASH stablecoins. The offering is unavailable in Michigan, Nevada, and Washington, and Phantom says it is confident as state lawsuits proceed.
Phantom has made Kalshi prediction markets available to U.S. users, with trades settled through CASH stablecoins. The service is not offered in Michigan, Nevada or Washington. Phantom is moving ahead while state lawsuits continue and says it is confident. The arrangement links a crypto platform with prediction-market access and stablecoin settlement, while the geographic limits show that availability can differ across states.
The offering could affect U.S. crypto users and prediction-market participants by giving them another way to access such markets, with stablecoin settlement shaping how funds are handled. Residents of Michigan, Nevada and Washington may face uneven access. Platforms, regulators and consumers may monitor the state lawsuits, since their outcomes could influence confidence in similar products and how broadly they are adopted.