Phantom is a non-custodial wallet supporting Solana and Ethereum that has received a no-action letter from the U.S. Commodity Futures Trading Commission (CFTC), allowing it to integrate regulated event contracts and commodity derivatives directly into its platform without registering as a broker. The CFTC stated that it will not recommend enforcement action against Phantom's specific activities as long as certain conditions are met. Chief Executive Officer Brandon Millman expressed gratitude for this decision, noting that it aligns with growing demand for event contracts. Phantom must ensure all contracts have adequate collateral and disclose trading risks to users.

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