BET ON THE HEADLINES
Sign up at Kalshi Betting today with our exclusive links to get in the trading action on sports, pop culture, and more. Click the Play Now button below.
- Bet on Sports, Pop Culture, and MORE
- Largest Prediction Markets in the US
- Trade on over 300 Markets
- Real-time Forecasts on Topics YOU care about
Kalshi referral code details
Kalshi is offering new customers the option to bet on the headlines. You don’t need a specific promo code to claim this offering. Simply create an account, make a deposit, and get in the action.
| Kalshi Referral Code | No code needed, click to claim promo |
|---|---|
| Kalshi welcome offer | Bet on the headlines (March Madness and more) |
| When does the Kalshi promo code expire? | June 30, 2025 |
| Where is Kalshi available? | All 50 states |
Introduction to Kalshi
Kalshi is a regulated exchange and prediction market that gives users the opportunity to trade on the outcome of real world events. As a designated contract market, Kalshi operates under the strict oversight of the Commodity Futures Trading Commission (CFTC), ensuring a secure and transparent environment for all participants.
The platform is designed to democratize access to financial markets by allowing users to engage with a wide variety of markets, from sports and politics to entertainment and economics. By enabling users to trade on future events through simple yes or no contracts, Kalshi brings the power of prediction markets to everyone, especially concerning election outcomes, all within a regulated and reliable platform. Whether you’re interested in the outcome of a major election, the next big sports event, or even trends in inflation, Kalshi offers a unique way to participate in the financial markets and test your predictions against real-world outcomes.
On Kalshi, users can trade contracts based on whether a specific event happens or not, emphasizing the predictive nature of the platform. These contracts are structured around the probability of an event happening, and market prices directly reflect the likelihood of the event happening as assessed by traders.
Kalshi Referral Code Details
Kalshi is offering new customers the option to bet on the headlines. You don’t need a specific promo code to claim this offering. Simply create an account, make a deposit, and get in the action.
| Kalshi Referral Code | No code needed, click to claim promo |
|---|---|
| Kalshi Welcome Offer | Bet on the headlines (March Madness and more) |
| When Does the Kalshi Promo Code Expire? | June 30, 2025 |
| Where is Kalshi Available? | All 50 states |
Creating a Kalshi Account
Getting started with Kalshi is quick and straightforward. To begin trading, users need to create a Kalshi account by providing some basic personal info, such as your name, email address, and phone number. This information is required to verify your identity and comply with regulatory standards. You can sign up for a Kalshi account directly on the website or by downloading the Kalshi app, which is available for both Android and iPhone devices. Once your account is set up, you can deposit funds using a debit card, bank transfer, or other accepted payment methods. You can open and maintain a Kalshi account for free. With your Kalshi account ready, you’ll have access to a wide range of markets, allowing you to start trading on your favorite events and outcomes right away.
Providing Personal Info: What You Need to Sign Up
When you sign up for a Kalshi account, you’ll be asked to provide personal info to help verify your identity and protect your account. This typically includes a valid email address, phone number, and other identifying details. Kalshi uses this information to comply with regulatory requirements and to ensure that only authorized users can access your account. Your personal info is kept secure and is never shared with third parties without your consent. By completing this step, you help maintain the integrity of the trading platform and ensure a safe environment for all users. Once your identity is verified, you’ll be able to access your Kalshi account and start trading on the events that matter most to you.
My Verdict on Kalshi Predictions (Updated July 2025)
Kalshi is an innovative site that allows you to speculate on major sporting events. This trading platform rose to prominence in the build-up to the 2024 presidential election, becoming the first American company to offer regulated election markets in almost 100 years, earning praise from figures such as Donald Trump Jr. and Elon Musk. Kalshi allows users to trade on a variety of elections and election outcomes, including congressional and policy-related events, alongside other event contracts during major election cycles. Users can also trade on outcomes such as which party will control the Senate or House.
The New York-based startup has expanded into the sports prediction market. Traders in all 50 states can speculate on events such as the NCAA men’s college basketball tournaments (March Madness), Super Bowl, and the NBA Finals on the Kalshi platform, which is registered with the Commodity Futures Trading Commission. Kalshi’s regulatory approval from the CFTC sets it apart, ensuring legal compliance and legitimacy for trading on elections and other event contracts. Kalshi differentiates from traditional options trading by being simpler and free from time decay.
While Kalshi is a relatively new platform lacking the liquidity and market breadth of established brokers like Fidelity and Charles Schwab, and its sports offering pales compared to European peer-to-peer betting exchanges like Betfair, the early signs are promising.
The user interface is simple, and Kalshi provides clear instructions, video tutorials, and detailed guides explaining how to make trades. Prediction markets like Kalshi can serve as an alternative or complement to conventional investments, offering a unique way to manage financial risk and diversify your portfolio. External events can significantly affect market prices and outcomes on Kalshi, so staying informed is crucial.
I found using Kalshi as easy as regular online sports betting. The site offers peer-to-peer trading, so there’s no vigorish (house edge). You just pay trading fees. If you’re astute at predicting price movements, Kalshi offers better margins than traditional sportsbooks. Users can monitor the value of their positions in real time to make informed decisions.
Currently, the site covers a limited range of sporting events with limited liquidity and markets. Kalshi could emerge as a credible rival to traditional sportsbooks and fantasy sports providers but needs to expand coverage and liquidity first. Users can share and discuss trading ideas within the Kalshi community, and can also develop their own trading strategies to improve their results. Additionally, users are encouraged to submit their own ideas for new markets or events. If an idea gains enough traction within the community, it may be considered for listing on the platform, highlighting Kalshi’s participatory approach.
What is the Sports Betting Industry Saying About Kalshi?
Kalshi has enjoyed a meteoric rise since October 2024:
- A federal appeals court allowed the site to provide regulated election markets. Kalshi quickly rolled out markets on the presidential election, Senate races, margins of victory, and other events.
- Within a week, more than $3 million had been traded on the platform. Donald Trump Jr. became a strategic adviser in January 2025, stating the markets helped his family “know we won hours ahead of the fake news media.”
- Kalshi rolled out Super Bowl prediction markets in 50 states, setting it up as a rival to Crypto.com.
- Additional sporting events include the NBA Finals and the Stanley Cup. Co-founder Tarek Mansour stated commitment to growing prediction markets into a trillion-dollar asset class.
- In February 2025, Kalshi signed a deal with Robinhood to offer event contracts for Super Bowl 59, expanding trading and betting markets before suspending operations at the CFTC’s request.
The industry response has been muted, with the American Gaming Association and traditional sportsbook operators not commenting. Experts note the similarity to early daily fantasy sports industry days, expecting a land rush for prediction market platforms in the US.
My Experience Using Kalshi
I found it easy to get started at Kalshi. Signing up and completing identity verification was quick and straightforward.
Website and App Experience
Kalshi offers a clean, simple website and an app available on the App Store and Google Play. The app holds an average rating of 4.6 stars on iOS and 4.0 on Android.
The platform is refreshingly simple, avoiding jargon and making it easy for novices to trade. Markets are neatly laid out with categories like sports, politics, culture, crypto, and climate. The app highlights the most relevant sports and event markets for users, making it easier to find the most pertinent opportunities. Trades are always yes or no, with prices easy to understand. Users can watch prices and trends in real time.
Deposits and withdrawals are convenient:
- Debit card: Up to $2,500 per 24 hours, instant, 2% fee.
- Bank transfer: Up to $10,000, free, 2-4 business days.
- Wire transfer: Minimum $1,000, no upper limit, same or next business day.
- USDC: Minimum 10 USDC, max 500,000 USDC, standard network fees, up to 30 minutes processing.
Withdrawals via online banking are free and unlimited, debit card withdrawals take 30 minutes with a $2 fee, and crypto transfers take minutes.
Did I Like the App?
Yes, it is quick, easy to navigate, and cleanly designed. Features like “Trending,” “Biggest Movers,” and “Forecasts” provide useful insights without overwhelming users. The app is fast, reliable, and user-friendly, recommended for novice traders. Experienced traders may find it basic but can still benefit from price swings.
Making Your First Trade on Kalshi
After creating your Kalshi account and depositing funds, browse markets covering sports, politics, entertainment, and more. Each market poses a yes or no question about a future event, and you buy contracts based on your prediction. Contract prices range from 1¢ to 99¢, reflecting the market’s view of the event’s likelihood. If your prediction is correct, your contract pays out $1. The platform is user-friendly and regulated, making it easy to start trading confidently.
Kalshi Event Contracts
Kalshi allows you to buy and sell contracts focused on real-world events: sporting events, elections, award ceremonies, weather patterns, inflation, recessions, oil prices, and more. These contracts are simple yes or no questions about future events. Kalshi operates like a stocks or commodities exchange but focuses on binary outcomes.
You can trade on popular sports leagues like NHL, NBA, and MLB, as well as economic indicators and weather. Users manage their cash balance for trades and withdrawals. Real-time position values fluctuate with market prices. Transaction fees apply to each trade. Kalshi provides tax forms like 1099-INT and 1099-MISC for earnings reporting.
Disclaimer: Success is never guaranteed. Only trade money you can afford to lose. Treat event contracts as entertainment, not financial solutions.
How to Place an Event Contract
- Find an event to speculate on via search or category menus.
- Browse markets with yes/no questions.
- Select “Yes” or “No” with displayed prices (e.g., “Yes 20¢”).
- Enter the amount to risk; the slip shows contracts and average price.
- Confirm the contract; trade goes live.
Position limits are $7 million for most users; institutional investors may have $100 million limits.
How to Win an Event Contract
If your prediction is correct, “Yes” contracts settle at $1; “No” contracts become worthless (and vice versa).
Example: Speculating on Cleveland winning the NBA championship at 12¢ per contract.
- If Cleveland wins, each contract pays $1, yielding profit.
- If not, contracts settle at zero, losing your stake.
You can hold contracts until settlement or sell early to potentially increase withdrawals.
Differences from Traditional Sports Betting
| Feature | Kalshi | Traditional Sportsbook |
|---|---|---|
| Regulation | Regulated by the Commodity Futures Trading Commission; available in all 50 states for users 18+. | Regulated by state gambling commissions; regulations vary, with some states restricting certain bets. |
| Format | Peer-to-peer trading platform buying/selling contracts based on event outcomes. | Users bet against the house with odds set by sportsbooks. |
| Model | Charges transaction fees on trades regardless of outcome. | Includes a built-in house edge (vig) for profit. |
| Odds | Prices fluctuate based on user interactions and market sentiment. | Odds set by oddsmakers, with average house edge around 4.77% or higher on props. |
| Markets | Limited selection with liquidity dependent on user participation. | Wide range of markets with no liquidity issues, betting against the house. |
Sports Selection at Kalshi in July 2025
Currently, Kalshi offers trades on six sports:
- Football
- Basketball
- Tennis
- Hockey
- Soccer
- Esports
Focus is on futures and some single-game options, including major tournaments and championships. Individual games are only available when two teams remain (e.g., Super Bowl). No point spreads, totals, or props yet.
There are also political, entertainment, and novelty markets covering climate, economics, companies, tech, science, health, world events, and transport.
What’s Missing?
Kalshi lacks markets for baseball, golf, NASCAR, Wimbledon, US Open, ATP/WTA Tour matches, and individual games outside finals. Liquidity is limited but expected to improve with user growth and broker partnerships like Robinhood.
Future expansions may include college football, MLB, golf majors, and event contracts on specific games or fights.
Tips and Strategies for Traders
Success requires smart strategies and trade management. New traders should start small and increase exposure gradually. Staying informed with news and data affecting markets is crucial. Understanding price trends aids decision-making. Kalshi offers a developer platform and API access for advanced users to build custom tools and strategies. Discipline and risk management help limit potential losses and improve trading outcomes.
Customer Support at Kalshi (Updated July 2025)
Support is available via email only; no phone or live chat. Response times vary; some users report delays, but generally replies arrive within a day. The online help center is comprehensive and useful. Improved support options would benefit users, especially newcomers to event contract trading.
Safety and Security
Kalshi is regulated by the Commodity Futures Trading Commission, complying with strict consumer protection laws. The platform maintains a comprehensive privacy policy and up-to-date security certifications. The app is available on trusted platforms like Google Play and the App Store, providing a safe trading environment.
Comparison With Other Trading Platforms (July 2025)
| Trading Platform | Available Markets | Deposit Methods | Sell Positions Early? |
|---|---|---|---|
| Kalshi | Sports, politics, economics, culture, climate, financials | Debit card, bank transfer, crypto (USDC) | Yes |
| Crypto.com Sports | Sports (NFL, college football) | Debit card, bank transfer, BTC, USDC | Yes |
| Polymarket | Sports, politics, crypto, pop culture, science, business | Debit card, USDC | Yes |
Note: Polymarket has blocked US customers since 2022 after a CFTC settlement. Alternatives include SportX and PredictItPropSwap.
If You’re Still on the Fence About Kalshi Predictions
- Covers a huge range of entertainment, politics, and novelty markets, differentiating it from sportsbooks and fantasy apps.
- No minimum deposit; trades can be made for just a few dollars.
- Available in every US state, attractive where online sports betting is restricted.
- Expected to improve with more events, better liquidity, and evolving software.
- After your first trade, receive a unique referral link to share for additional rewards.
Kalshi Promo Code FAQs
How old do you have to be to sign up with Kalshi?
You must be at least 18 years old.
Where is Kalshi available?
Kalshi is available in all 50 states in the US.
Can you bet on the NCAA Tournament at Kalshi?
Yes, you can purchase contracts for all men’s college basketball games during the NCAA Tournament. Kalshi also offers futures contracts for each round.
What is the Kalshi promo code for new users?
You don’t need a promo code to get started. You will automatically receive the best available welcome bonus.
What payment methods can I use to deposit and withdraw funds?
You can deposit using debit card, bank transfer, wire transfer, and USDC cryptocurrency. Withdrawals can be made via online banking, debit card, or crypto.
Can I sell my contracts before the event ends?
Yes, Kalshi allows you to sell contracts early to lock in profits or minimize losses.
How are Kalshi trades regulated?
Kalshi is regulated as a Designated Contract Market by the Commodity Futures Trading Commission (CFTC), ensuring compliance and security.
What types of markets can I trade on Kalshi?
You can trade on sports, politics, entertainment, economics, climate, and novelty markets with yes or no outcome contracts.
Does Kalshi charge fees?
Yes, Kalshi charges transaction fees on all trades regardless of outcome.
How do I report my earnings for taxes?
Kalshi provides tax forms such as 1099-INT and 1099-MISC to help you comply with IRS reporting requirements.
Is Kalshi safe to use?
Yes, Kalshi operates under strict CFTC regulations, uses secure technology, and maintains privacy protections to keep your data and funds safe.