News · DeFi
The self-custody wallet is deploying event contract trading nationwide following CFTC no-action relief granted to non-custodial software interfaces.
Key point 1 of 3
01
Phantom began rolling out prediction markets to US users via CFTC-registered exchange Kalshi, with nationwide access expanding over the next few weeks .
Key point 2 of 3
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CFTC staff issued Staff Letter 26-09 in March granting Phantom introducing broker no-action relief, which was expanded industry-wide in September .
Key point 3 of 3
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A third-party service handles identity data while Kalshi approves accounts, holds user balances, and executes trades submitted via Phantom .
Context
Non-custodial interfaces historically faced legal uncertainty under CFTC introducing broker rules when surfacing regulated derivatives products directly to US-based retail users.
Why it matters
US self-custody wallet users gain direct access to CFTC-regulated prediction markets without leaving their primary interface, while setting an operational blueprint for…
What to watch
Expansion of prediction market access across Phantom's US user base over the coming weeks and potential implementations by competing wallet providers under the CFTC's September…
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