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Phantom Brings Kalshi Prediction Markets to US Users Phantom is rolling out Kalshi prediction markets directly in its app, allowing US users to trade event contracts after completing KYC verification. Users will fund trades with Phantom’s dollar-pegged CASH stablecoin, while winnings and cash-outs return to their Phantom Cash accounts. Fees start at $0.02 per contract, plus a small network fee. The launch comes amid ongoing state lawsuits challenging Kalshi’s event markets under gambling laws. Phantom says it’s confident moving forward but will restrict certain market categories in Michigan, Nevada and Washington.

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