Phantom Wallet Integrates Kalshi Prediction Markets Amid CME Legal Battle
Phantom has enabled Kalshi-powered event contracts for US users, escalating competition with CME Group in the prediction market space.
Phantom has enabled Kalshi-powered event contracts for US users, escalating competition with CME Group in the prediction market space. This is an original Token Times brief synthesising 4 outlets (Cryptopolitan, The Block, Crypto Economy, and others), plus live market data, as of Fri, 23 Oct 2026 20:15:01 UTC.
This integration expands Kalshi's reach while CME Group challenges the prediction market model, potentially shaping the future of crypto-based prediction markets and their regulatory landscape.
- Phantom rolls out Kalshi prediction markets to US users, says it’s ‘confident and comfortable’ amid state lawsuits ↗
- CME’s fight with Kalshi spreads to oil as Phantom opens a new door for the prediction market ↗
- Phantom brings Kalshi markets to US users with $0.02 contract fees ↗
- Phantom Launches Kalshi Markets With $0.02 Fees Per Contract ↗
- Phantom wallet now supports Kalshi prediction markets for US users using CASH stablecoins.
- Market access is restricted in Michigan, Nevada, and Washington.
- The move comes as CME Group battles Kalshi in federal court and with the SEC.
- Phantom's TVL stands at $167.5M, while CASH stablecoin supply is $127.71M.
Cryptopolitan and The Block both report that Phantom has integrated Kalshi-powered event contracts for US users, with The Block specifying that transactions will be conducted using CASH stablecoins. They agree on the core development but differ in emphasis: Cryptopolitan focuses on the broader context of CME's legal challenges, while The Block provides more detail on the technical implementation and geographic restrictions. Both outlets corroborate that the integration is happening amidst CME's ongoing legal disputes with Kalshi, though they don't specify the exact nature of these disputes beyond mentioning federal court and SEC involvement.
- Kalshi CEO Warns State Regulation Could Drive Prediction Markets Offshore
- KuCoin Integrates Polymarket Prediction Markets into Web3 Platform
- Phantom Wallet Integrates Kalshi Prediction Markets Amid CME Legal Battle — this brief
Phantom, a popular crypto wallet, has announced the integration of Kalshi-powered event contracts for US users, providing a new distribution channel for the prediction market platform. This development comes as Kalshi faces legal challenges from CME Group, which is contesting the prediction market model in federal court and before the SEC.
The Block reports that Phantom users will fund their trades with CASH stablecoins, a cryptocurrency with a circulating supply of $127.71M according to DeFiLlama. However, market access is restricted in certain states, including Michigan, Nevada, and Washington, due to regulatory considerations.
The integration of Kalshi on Phantom's platform is particularly noteworthy given the ongoing legal battle with CME Group, which has been actively opposing Kalshi's operations. CME, a major player in the traditional derivatives market, has been challenging Kalshi's model through various regulatory channels.
Phantom's Total Value Locked (TVL) currently stands at $167.5M, according to DeFiLlama, marking a slight 7-day decline of 0.3%. This integration could potentially impact Phantom's TVL and user base, depending on how the legal situation with CME unfolds.
The broader crypto market remains relatively stable, with a total market cap of $2.8T. 
Bitcoin has seen a modest 0.09% increase in the past 24 hours, and the Fear & Greed Index is at 50, indicating a neutral market sentiment. The outcome of CME's legal challenges and the adoption of Kalshi on Phantom could influence market dynamics in the prediction market sector.
Figures and sectors in this story, checked live against on-chain aggregators · October 23, 2026.
Token Times reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Phantom Wallet Integrates Kalshi Prediction Markets Amid CME — questions & answers
What is the significance of Phantom integrating Kalshi?
It expands Kalshi's reach and provides users with more options for participating in prediction markets, while also escalating the conflict with CME Group.
Which states have restricted access to Kalshi on Phantom?
Michigan, Nevada, and Washington have restricted access due to regulatory concerns.
How does CME Group fit into this situation?
CME Group is legally challenging Kalshi's operations, including in federal court and before the SEC, opposing the prediction market model.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Cryptopolitan, The Block, Crypto Economy, Crypto.news, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.