Understanding how Kalshi works
Kalshi is one of the top operators offering prediction market services in the US. Its prediction market service is a trading platform where you can purchase contracts on various events. These events will occur in the future, and you can get Yes or No contracts to indicate your prediction of the outcome.
To make a trade on Kalshi, you must pick an event and an event contract. For instance, you can have an event like the Bitcoin price at 5 pm EDT tomorrow. You can then purchase a Yes contract for Bitcoin to be at or above $73,500, or a No contract if you predict it will be below $73,500. In this example, if you get a Yes contract and Bitcoin hits $73,500 on or before 5 pm EDT tomorrow, you receive a $1 payout per contract.
The $1 payout you receive is the standard across prediction markets. The Kalshi prices for Yes or No contracts are usually between $0.01 to $0.99. So, if a contract is $0.23 and you get a $1 payout, it means you've made a $0.77 profit (which might be lower after fees).
The Kalshi sign up bonus: What do you get?
New members are eligible to claim a Kalshi sign up bonus, which is a $10 trading bonus. The operator requires a $10 minimum deposit to be eligible for this offer, so take note. Kalshi may change its welcome bonus at any time, so you may find something different from what you see here. Also, sometimes operators have exclusive offers in certain states.
| Kalshi details | |
| Welcome bonus | $10 trading bonus |
| Promo code | N/A |
| Other promotions | $25 referral bonus, incentive program, bug bounty |
| Mobile app | Yes (iOS and Android) |
| Bonus expiry | Usually 30 days |
| Minimum deposit | $10 |
| Verification requirement | Government-issued ID, Social Security Number (SSN), phone verification |
Kalshi sign up bonus terms and conditions
When claiming a Kalshi bonus, you need to be aware of a few terms and conditions. Among those we saw during our Kalshi review, these are the most important:
- Minimum age requirement: You must be aged 18 or older to be eligible to use the Kalshi platform and claim the sign-up bonus.
- Market restrictions: There are no market restrictions for the use of the bonus. However, you should note that sports prediction isn't available in all states.
- Identity verification: Kalshi will request a government-issued ID and other documents to verify your age and location before you can register.
- Bonus expiry: Most bonuses at Kalshi are only available for 30 days before they expire. However, you must confirm whether there are any updates to the bonus terms when you claim the offer.
- Minimum deposit: A deposit of at least $10 is required to claim the welcome bonus.
Pros and cons of the Kalshi sign up bonus
- There is a $10 welcome bonus for new members
- Ongoing promotions, such as a referral bonus and an incentive program, are available
- Available via mobile apps
- Referral bonus is capped at $1,000 or 40 referrals
Setting up your Kalshi account to get the welcome bonus
Kalshi makes its registration process as easy as possible, but you must verify your identity if you intend to see it through to the end. There are steps you can take to create your account right now, which should only take a few minutes:
- Head over to the Kalshi website using the link we provide.
- Start the registration process by clicking on the green Sign Up button at the top of the screen.
- Provide all essential details, such as your email address, name, date of birth, Social Security Number (SSN), and phone number.
- Verify your email address and phone number with the codes you receive when prompted.
- Follow the prompts to claim your $10 welcome bonus.
After making your first deposit and claiming your welcome bonus, you can start buying Kalshi event contracts. The interface is easy to understand, so you shouldn't have any problem purchasing your first contract.
Other promotions you can find at Kalshi
In addition to the sign up bonus, Kalshi also has a few other options through which you can get rewards. Some of these might not involve trading, but you still get bonuses that you can use to purchase contracts:
Referral Bonus
This is one of the main bonuses on Kalshi, and you shouldn't let it slip past you. As with any other platform, the Kalshi referral bonus is a reward for inviting others to the site. You must share a link or a customized Kalshi referral code with anyone you intend to invite and have them sign up using it. This is the only way the operator can verify that the referral is from your account.
For each friend you invite to Kalshi, you'll get a $25 referral bonus. However, your friend must trade $25 for the bonus to become available, and you must trade $25 as well. Both you and your friend get a reward, which is one reason why this bonus is popular.
One thing to note with the Kalshi referral bonus is its expiry date. The bonus funds will be available for 30 days, and you must use them to trade within this period.
Incentive Programs
Kalshi runs several incentive programs through which you can get rewards. One of these is the volume incentive program that rewards you for trading in a specific market. Your reward is calculated based on your total volume traded during the incentive period, with at least $0.005 per contract you trade.
Another option is the liquidity incentive program, which only rewards individuals who place a resting order. This program pays out daily, with a $1,000 daily payout limit.
Bug Bounty
If you're interested in ensuring that Kalshi always offers fair markets to its members, you can join its market bug bounty program. This program lets you search for any unclear terms, contradictions, or bugs in its markets. If you find any issues and put together a high-quality report, Kalshi will reward you with more than a $1,000 for severe bugs. Although there is a high potential reward, given the platform's quality, you're more likely to find minor and moderate bugs for rewards of $25 to $250.
Fees for trading at Kalshi
There are fees you have to pay when using a prediction market, and in our Kalshi fees explained article, we let you in on what you can expect at Kalshi. The operator charges trading fees that vary with contract price, deposit and withdrawal fees, and a maker fee.
Conclusion - A decent welcome offer with a selection of ongoing promos
Many prediction markets still struggle to offer the right promotions, but Kalshi has done slightly better than most others. You'll find a $10 Kalshi sign up bonus and a $25 referral bonus to claim on the site. The operator also offers various incentive programs that reward you based on your trading activity, as well as a bug bounty with bonuses for finding issues on the site or app. All these bonuses add up quickly, helping you build a solid trading balance.
You can register at Kalshi using our link and claim your welcome bonus, but you must have the right verification documents to proceed.
Kalshi sign up bonus FAQs
Can you claim the Kalshi sign up bonus on a mobile device?
Yes, you can claim the bonus via the Kalshi mobile app. You can also download the Kalshi mobile app on your iOS or Android device to get the offer.
What are the important things to keep in mind when claiming the Kalshi welcome bonus?
It's crucial you pay attention to the bonus expiry and minimum deposit requirement when claiming the offer. Welcome bonuses apply only to your first deposit, so if you make a deposit below the required amount, you'll lose the bonus forever. Not spending your bonus before the expiry period also means you'll lose whatever is left in your account.
Can you play on Kalshi from anywhere in the US?
Yes, Kalshi is available in all US states, and it's a legal platform regulated by the Commodity Futures Trading Commission (CFTC). However, the Kalshi sports prediction market is unavailable in some states, such as Arizona, Maryland, Nevada, New Jersey, Montana, Michigan, Illinois, Massachusetts, and Ohio.
