Phantom Begins Gradual U.S. Kalshi Rollout as CFTC Reviews Oil Perpetual

Phantom began a gradual U.S. rollout of Kalshi event contracts on Friday, Oct. 23, bringing markets on sports, politics, economics and culture into its mobile wallet. The launch comes as Kalshi seeks CFTC review of a proposed perpetual contract tied to West Texas Intermediate crude oil. Access is expected to expand over the coming weeks. Users must verify their identity to trade. Kalshi approves and holds the trading accounts, executes orders and determines market outcomes, while Phantom provides the in-app interface. Trades can be funded through Phantom’s Cash account, which holds the dollar-pegged CASH stablecoin.