just saw that Phantom got the green light from CFTC to offer derivatives trading directly in the app without needing broker registration. pretty wild that they managed to work this out with regulators instead of just shipping it and apologizing later lol



so basically Phantom users can now access regulated derivatives and prediction markets straight from their wallet through registered partners. the whole thing is non-custodial so they're not holding your funds or messing with your orders. apparently this is the first time CFTC has given this kind of relief to a wallet provider, which could set a precedent for others

Phantom's CEO made a whole thing about how they engaged with regulators early instead of moving fast and breaking things. honestly seems like a smart move - they get compliance clarity, users get features, regulators get visibility. with 20M users on the platform, this could get interesting pretty quick
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin