Best Prediction Market Promos: Current Bonus Offers Compared 2026

Comparing prediction market promo offers

	Kalshi	Crypto.com	Polymarket	Fanatics Markets
Compare	Pin	Pin	Pin	Pin
Welcome bonus	$10 Bonus	$50 Bonus	Early Access	TBD
Promo code	COVERS	Use unique link	COVERS	TBD
Bonus type	Trade and get	First trade match	TBD	TBD
Bonus form	One (1) $10 bonus	Up to $50	TBD	TBD
Payout speed	Within 24 hours	Within 24 hours	Within 24 hours	Within 24 hours
Min. deposit	$1	$10	TBD	TBD
Covers BetSmart Bonus Rating	⭐ 4.8/5	⭐ 4.7/5	⭐ 4.2/5	⭐ 4.5/5

Which prediction market has the best promo?

Expert Verdict

While Crypto.com offers a higher maximum bonus, Kalshi is the better choice for most users. Its streamlined sign-up process, intuitive platform, and near nationwide accessibility make claiming and using its promo simple. For a straightforward, user-friendly experience with strong value, Kalshi is our top pick.

Top prediction market promos reviewed and explained

With over 30 years of experience within the betting industry, recommending the best sportsbook promos and betting apps, Covers understands the sector inside and out. Prediction market apps are the latest innovation, and we are actively covering this new frontier.

Here are our rankings of the best prediction market promos you can claim in 2026:

1. Kalshi: Best promo for casual traders
2. Crypto.com: Best overall promo offer
3. Underdog: Best promo for fantasy players
4. Polymarket: Best promo for social media users

Expert Verdict

Underdog’s headline fantasy promo offer is among the most accessible in the space. You only need to enter $5 worth of pick’em or contests to unlock $75 in bonus entries, making it ideal for new users who want meaningful upside without committing a large deposit. It’s a simple, low-barrier way to test the platform while maximizing early value.

This promotion caters especially well to casual players. Visit our Underdog promo code page for more information about this welcome bonus. This promo is not available in MD, MI, NJ, NY, OH, or PA.

Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org. NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369)

Additional prediction markets promos

If you're looking for more prediction market promotions, be sure to check out these options for more information:

• DraftKings Predictions: Explore our DraftKings Predictions promo code page to learn about DK's foray into predictions and how to get started with a sign-up bonus.
• FanDuel Predicts: Check out our FanDuel Predicts promo code page to learn more FanDuel's prediction markets platform.
• Fanatics Markets: Like DraftKings and FanDuel, Fanatics has entered the predictions arena. Dig into our dedicated Fanatics Markets promo code to learn more.
• Novig: There are two ways to get bonus cash from Novig. Read on for more details on the Novig promo code for up to $100.
• OG.com: New users can receive up to $100 with the OG promo code welcome bonus.
• ProphetX: Find out how to unlock up to $100 in Prophet Cash today by using the ProphetX promo code. 
• Sporttrade: Claim up to a $100 bonus without a Sporttrade promo code.

How prediction market promos differ from sportsbook bonuses

Prediction markets are different from sportsbooks in several key ways, including how they award bonuses. 

A prediction market is a financial exchange. The model is very different from a sportsbook, where you are placing bets against the house at odds set by the house. Here’s what that means for the kind of promos you can expect from each:

• Size of promos: Traditional sports betting promos are often a lot bigger, with deposit match bonuses worth hundreds of dollars, or bonus bets worth thousands. In contrast, prediction market promos so far tend to be smaller, based around site credit the $10-$75 range 
• Types of promos: Sportsbooks have far more promos in general, including things like parlay bonuses or profit boosts that simply don’t fit into the trading mechanics of a prediction market. 
• Vibe check: Generally speaking, sports betting bonuses tend to be more fun and eye-catching, designed to maximize the entertainment of sports betting. You might get special offers based around your favorite teams or players. In contrast, prediction market promos are part of the world of finance and trading, rather than sports entertainment. 
• Limitations: Sportsbooks can pretty much do what they want with bonuses. Slash the odds on the Super Bowl? No problem. On the other hand, prediction markets are more rigidly structured. They can’t offer you a better price on a trade because prices are set by the public.
• Maturity: For now, it’s still early days for prediction market promos. These platforms extend smaller bonuses to new users based around trading credits, and don’t always have the same steady stream of ongoing promos for existing users.

Understanding the value of prediction market promos

Like sports betting bonuses, prediction market promos come with terms and conditions that affect their true value. Rather than getting carried away with headline figures, it pays to think of prediction market promos as tools to help you in the world of trading. 

Despite how they might be presented, they aren’t free money or a cheat code. However, when used correctly, they can be beneficial, creating greater flexibility and opportunities.

Here are some small print factors to bear in mind:

• What you can use bonuses on: Some prediction market apps only let you use bonuses on certain markets. Make sure you’re familiar with these markets and feel comfortable trading in them.
  
• How you can utilize bonuses: Certain bonuses from prediction market platforms must be used all at once, while others can be broken down into smaller credits, enabling you to diversify your trades.
  
• Qualifying deposits or trades: To trigger a bonus, you’ll normally need to spend a certain amount of money. If you aren’t comfortable with the qualifying spending, it’s possible the bonus isn’t for you. 
  
• When you can convert bonuses to withdrawable cash: Some bonuses can be converted into cash after using them once. Others have more requirements you must meet to transform them into withdrawable funds, like hitting a certain trading volume down the line.

Prediction market promos and market liquidity

The higher a prediction market platform’s liquidity, the better. High liquidity means fewer price fluctuations in the weeks, days, and hours leading up to an event, making it easier to buy and sell at predictable prices, including when trading with bonus credits or other promos.

In a low-volume market, trading is generally more difficult and unpredictable, which makes bonus credits less valuable. Successful trading is all about making accurate predictions, which is harder in an inactive market. 

Choosing a platform based on promo structure

Deciding which prediction market platform to join based solely on its promo structure isn’t a good idea. Just because an app offers an incredible-sounding bonus doesn’t always mean it’s going to treat you to the best trading opportunities when you begin buying and selling binary contracts.

The type of promo and the conditions attached to it should be a consideration, of course, but you should also consider these factors:

• How long has a platform been around?
• What kind of reputation does it have among traders?
• How is it regulated?
• Which markets does it serve?
• Does it accept your preferred payment methods?
• What is its average payout speed?
• Does it offer excellent customer support?
• Is it available in your state, and are there any legal concerns surrounding it?

Who prediction market promos are best for

Prediction market promos are valuable for just about anyone thinking about signing up with their first platform. They normally give you a helping hand with your first few trades, give you the chance to save a little money, and rarely come with unfair or complicated small print. 

You are also free to claim promos across multiple prediction markets, making them useful for comparing experiences across different platforms.

Others who could benefit from these promos include:

• Those living in states that don’t currently offer legal sports betting
• Those looking to hedge trades that they have made elsewhere
• Anyone interested in exploring non-traditional betting formats

When prediction market promos may fall short

It’s also possible that prediction market promos might not live up to the hype for you. Here are some reasons that can be the case:

• They are generally less exciting than sportsbook promos. You won’t find enhanced odds, parlay boosts, match tickets, or other benefits at prediction markets.
• They may be subject to restricted availability. That applies to specific states or markets. 
• Prediction markets are new to the U.S. and naturally come with a learning curve, including bonuses. New users might be unfamiliar with concepts like “trading volume”, which are important to getting the most out of bonuses. 
• Market restraints are a factor, especially for sports. Traditional sportsbooks tend to offer a wider range of betting options than prediction markets. For instance, you probably won’t be able to trade on the halftime score in a random German soccer game, but you can definitely bet on it. 

Remember, you aren’t obligated to claim any promotion. If you don’t like the sound of an offer, you might be better off just sticking to depositing and trading with your own money. It’s often the smart play. 

Are prediction market promos legit and legal?

Yes, for the most part, prediction market promos are entirely legal and legit. Of course, each promo comes with its own set of terms and conditions, which need to be taken into account.

Legitimate prediction markets, like those on this page, are federally regulated in the US and legal in up to 50 states (depending on the platform). The model they run under is very different from a traditional sports betting one, and they are subject to strict regulation by the Commodity Futures Trading Commission (CFTC).

As long as you are in a legal state for your chosen platform and over the required age of either 18 or 21, you are free to sign up and claim prediction market promos. 

Once you are sure you’re using a legal platform, you should review the promo's terms and conditions. The best offers are those with clear instructions, are easy to claim, and don’t require you to spend much to claim or clear. 

How to use a prediction market promo responsibly

Although prediction market platforms are not considered gambling from a legal perspective, that doesn’t mean you shouldn’t still use them responsibly. The same goes for using the best prediction market promos.

These tips will help you use a prediction market promo responsibly from the start:

• Read the terms and conditions for these promos thoroughly to fully understand them.
• Only deposit what you are willing to lose, and don’t think of promos or prediction markets as a way to make easy money.
• Learn how prediction market pricing works.
• Try not to have the same expectations for prediction markets as you do for sportsbooks, since they operate in very different ways.

Many of the top prediction markets also offer customizable responsible trading tools, such as deposit and trading limits, which help you manage your time and budget.