Kalshi gives new US users a bonus credit of up to $500 after they trade at least $25 on Predictions. The amount varies between $15 and $500, and 70% of recipients receive $15. There is no Promo Code of ours to enter: open an account through the button on this page and trade $25 to unlock your bonus.
Operator: KalshiEX LLC, a CFTC-designated contract market. Minimum age: 18. Product: event contracts on sports, politics, economics, culture and more. Offer checked: November 2, 2026.
Kalshi Bonus Code and Credit, November 2026
Trade $25, earn $15 to $500 in bonus credit
Trade $25 to unlock your bonus.
| Detail | Kalshi |
|---|---|
| Welcome offer | Bonus credit of up to $500 (varies between $15 and $500; 70% of recipients receive $15) |
| Promo Code | None of ours. Promo codes on Kalshi are partner-specific |
| To qualify | Transact at least $25 on Predictions within 30 days of opening the account (7 days if you join through a referral link) |
| Credit expiry | The credit must be used within 7 days |
| Withdrawal | The credit cannot be withdrawn until you have traded an equal amount |
| Who can claim | New US users, 18 or older, with a verified identity |
| Terms verified | November 2, 2026, on Kalshi’s own terms page |
New users only. Terms apply. These are the terms on Kalshi’s bonus terms page, checked on November 2, 2026. Kalshi can change them, so read the current terms when you sign up.
Bottom line
Kalshi is the largest name in US prediction markets and a federally regulated exchange rather than a sportsbook. Most recipients of the welcome credit get $15, so treat $500 as the ceiling and not the expectation. What makes the platform worth a look is the market itself. Prices are set by buyers and sellers, you can sell before an event settles, and the menu runs well beyond sports.
Key facts
- Operator: KalshiEX LLC, which the CFTC designated as a contract market in November 2020.
- Founded: 2018, by Tarek Mansour and Luana Lopes Lara.
- Regulator: Commodity Futures Trading Commission (CFTC).
- Minimum age: 18, according to Kalshi’s FAQ. Sportsbooks in most states require 21.
- Categories listed on Kalshi: sports, politics, elections, culture, crypto, commodities, climate, economics, finance, and tech and science.
- App ratings: 4.8 on the App Store from 656,000 ratings and 4.7 on Google Play from 153,000 reviews, both checked November 2, 2026.
What we like and what could be better
What we like
- A federally regulated exchange with a published rulebook and fee schedule
- A welcome credit that can reach $500
- ACH deposits and withdrawals carry no Kalshi fee
- A large market menu beyond sports
- Highly rated apps on both stores
What could be better
- Most recipients of the welcome credit get $15
- The credit expires in 7 days and cannot be withdrawn until you trade an equal amount
- Trading fees vary with the contract price
- Sports contracts are disputed by some states, so some contracts may not be open where you live
- Losing contracts settle at $0, and you can lose the whole cost of a trade
How the Kalshi bonus credit works
Open an account, verify your identity and fund it. Then transact at least $25 on Predictions. You have 30 days from opening the account to do that, or 7 days if you joined through a referral link.
Once the requirement is met, Kalshi awards a bonus credit between $15 and $500. The amount is not chosen by you. Kalshi states that 70% of recipients receive $15. The credit has two clocks and one lock: use it within 7 days, and it cannot be withdrawn until you have traded an equal amount.
A simple case: you deposit $25 and buy contracts worth $25 in your second week. Kalshi then awards, say, $15 in credit. You have 7 days to use it, and you can withdraw it only after trading $15 more. The wording on the terms page controls, so check it when you sign up.
Kalshi’s terms say promo codes are partner-specific. That is why this page shows no code: a code belongs to whoever issued it, and the offer you see at sign-up is the one that applies.
How Kalshi works: contracts, prices and settlement
Each market asks a yes or no question about a future event. Prices are quoted in dollars between zero and one, and a price of $0.60 implies roughly a 60% chance. If your side is right, the contract pays $1. If it is wrong, it pays $0. Buy at $0.60 and win, and your gross gain is $0.40 per contract before fees.
Kalshi says its prices are public and set by the market, not by a house. That is the difference from a sportsbook, where the operator quotes a price and takes the other side. You can also sell an open position before the event settles if another trader will take the other side, so the exit price depends on liquidity.
Kalshi’s own site warns that members risk losing their cost to enter any transaction, including fees. Read that line before you size a first trade.
Kalshi fees
Kalshi charges a transaction fee on the expected earnings of a contract. Its published fee schedule sets the standard taker fee at 0.07 times the number of contracts times the price times one minus the price, rounded up. Fees are highest near a 50 cent price and shrink toward the extremes.
| Trade | Taker fee |
|---|---|
| 100 contracts at $0.50 | $1.75 |
| 100 contracts at $0.20 | $1.12 |
Resting orders can carry a maker fee in some markets, calculated with a 0.0175 coefficient and charged only when the order fills. Cancelling a resting order is free. Some markets, often elections, awards shows or major sports championships, have different fees. The “i” icon next to “You’re buying” shows the fee before you confirm.
Markets and the app
Kalshi lists sports, politics, elections, culture, crypto, commodities, climate, economics, finance, and tech and science. In sports, a contract can ask which team wins a game or whether a final score goes over a set number.
The Kalshi: Trade Sports & Events app is free on both stores. On November 2, 2026 the App Store showed 4.8 out of 5 from 656,000 ratings, and Google Play showed 4.7 from 153,000 reviews.
Deposits and withdrawals
Kalshi supports bank transfer by ACH, debit card, wire and crypto for deposits, and lists debit card, bank, crypto, PayPal and Venmo among its withdrawal routes.
- ACH: US users link a bank through Plaid or Aeropay. The minimum deposit is $10 and Kalshi charges no fee. A transfer typically settles within 5 business days, and Kalshi may credit part of it immediately while the rest is released after settlement.
- Debit card: usually credits instantly. The fee schedule allows up to 2%.
- Wire: Kalshi charges nothing for wire deposits, though your bank may.
- Crypto: the payment processor may charge a fee, which is shown before each transaction.
Deposits must come from an account in your own name. If a transfer fails after Kalshi has credited funds, the credited amount is deducted, and your balance can go negative if you have already traded with it. ACH withdrawals carry no Kalshi fee.
Where Kalshi is available
Kalshi is open to eligible US residents who are 18 or older and pass identity verification. It is regulated by the CFTC, a federal agency, rather than by state gambling regulators. Some states dispute whether sports contracts are sports wagering, and Kalshi’s own FAQ addresses the question of offering sports contracts in states where sports betting is prohibited. Availability of specific contracts can therefore differ by location, and the app shows what you can trade. For the wider picture, see our prediction markets hub.
How Kalshi compares
Kalshi and Polymarket US are both CFTC-designated exchanges where users trade against each other,. Kalshi’s welcome credit is set by Kalshi, while Polymarket’s published offer is a refer-a-friend credit. If you would rather place a conventional bet with a house price, our FanDuel Sportsbook review covers a sportsbook welcome offer for comparison, and the horse racing hub covers pari-mutuel wagering, a different model again.
Responsible gambling
You must be 18 or older to trade on Kalshi, and 21 or older for most sportsbooks. Prediction market contracts can lose their full cost. Set a limit before you trade and never use money you cannot afford to lose. If trading is causing you or someone close to you harm, call or text 1-800-GAMBLER (800gambler.org), available 24 hours a day. Offers and terms change.
Kalshi FAQs
Is there a Kalshi promo code?
No Promo Code of ours is needed. Kalshi’s terms say promo codes are partner-specific, so a code only applies if it came from the partner that issued it. Sign up through the GET! button on this page and trade $25 to unlock your bonus.
How much is the Kalshi sign-up bonus?
New US users can earn a bonus credit of up to $500 after transacting at least $25 on Predictions. The amount varies between $15 and $500, and 70% of recipients receive $15. The terms were checked on Kalshi’s own page on November 2, 2026.
Is there a Kalshi no deposit bonus?
No. You must transact at least $25 on Predictions to qualify, which means funding your account first. Nothing is credited for opening an account alone, and the 30-day window starts when the account is opened.
How long do I have to claim the Kalshi bonus?
Trade at least $25 within 30 days of opening the account. If you joined through a referral link, the window is 7 days. Once the credit is awarded, you have 7 days to use it before it expires.
Can I withdraw the Kalshi bonus credit?
Not right away. The credit cannot be withdrawn until you have traded an equal amount. Kalshi’s terms govern the details, so read them on the sign-up screen. Your own deposited funds and settled winnings follow the normal withdrawal process.
How old do you have to be to use Kalshi?
- Kalshi’s FAQ lists 18 as the minimum age to register and participate, compared with 21 for most sportsbooks. Identity verification is required, and the address you give must match your government ID.
What are Kalshi’s fees?
Kalshi charges a taker fee of 0.07 times contracts times price times one minus price, rounded up, so 100 contracts at $0.50 cost $1.75. ACH deposits and withdrawals carry no Kalshi fee, and debit card deposits can cost up to 2%.
Is Kalshi legal?
Kalshi operates as a CFTC-designated contract market through KalshiEX LLC, designated in November 2020. Some states dispute whether sports contracts are sports wagering, so the contracts open to you can depend on where you are. The app shows what is available.
Does Kalshi have an app?
Yes. Kalshi: Trade Sports & Events is free on the App Store, rated 4.8 from 656,000 ratings, and on Google Play, rated 4.7 from 153,000 reviews, as of November 2, 2026.