CME’s fight with Kalshi spreads to oil as Phantom opens a new door for the prediction market

Crypto Insight Summary: Crypto wallet Phantom has switched on Kalshi-powered event contracts for US customers. This gives Kalshi another distribution channel; however, it is coming around the same time that CME Group is fighting the prediction market platform in federal court, before the SEC, and now in the oil pit. On the other hand, CME’s prediction market venture,... Crypto Insight Analysis: Direction: Neutral Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Phantom's integration of Kalshi has limited market impact as CME's legal battle creates uncertainty.