PHANTOM ROLLS OUT KALSHI PREDICTION MARKETS TO US USERS

Summary from the TLDR Crypto newsletter

Phantom began rolling out Kalshi event contracts to US users on October 23, with access expanding over the coming weeks. Users need to complete KYC on Kalshi and fund trades with Phantom's CASH stablecoin, with winnings returned to their Phantom Cash accounts. Funds move to Kalshi and are converted to fiat. Phantom charges a $0.02 per contract feed fee plus a small network fee. General Counsel Kevin Jacobs says the CFTC's jurisdiction is clear as long as Phantom stays within its no-action position, and he expects the Supreme Court to eventually decide. Phantom will block some categories by state: sports in Michigan, sports, elections, politics, and entertainment in Nevada, and a longer list in Washington.