Election Betting Sites & Prediction Market Promos: Claim $390 Trading on the US Midterms

Joshua Howe - Content Manager at Covers.com
Joshua Howe • Content Manager 5+ years betting experience
Updated: Nov 3, 2026 , 10:07 AM ET • 3 min read

Claim the best predictions promos for the 2026 Midterm Election. Compare predictions market promos from top prediction market sites today.

Claim prediction market welcome bonuses by signing up today!
Photo By - Claim prediction market welcome bonuses by signing up today!

Election Day is Tuesday, November 3, and new users can claim welcome offers at the best election betting sites. These prediction market promos require users to download an app, register, make a qualifying deposit or trade, and meet each platform's terms. Check each offer below for eligibility, deposit minimums, and bonus details before signing up.

Our best prediction market promos

Top 7 Prediction Markets Welcome Offers Claim Now
Kalshi $60 Trading Bonus Claim $60 with code 'MAX60'
Polymarket Deposit $10, Get $25 Bonus Claim $25 with code "COVERS"
FanDuel Trade $5, Get $100 in Predicts Bonuses Claim $100
ProphetX Trade $40, Earn $40 Claim $40 with code "COVERS"
Underdog Play $10, Get $50 in Bonus Entries Claim $50 with code "COVERS"
OG.com Trade $25, Get $50 Bonus Claim $50
Plus500 Trade $10, Get $20 Bonus Claim $20 with code "COVERS"
Crypto.com Unlock $50 Bonus Claim $50

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Predictions Market Promos for the 2026 Midterm Election

With all 435 House seats and 35 Senate seats on the ballot, prediction markets are active on Election Day, and the best prediction market sites are offering new-user bonuses to get started. Below are the best prediction market promos currently available, along with the terms and sign-up steps for each one.


No. 1: Kalshi

*Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at http://kalshi.com/tc/55. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information

Kalshi Promo Code: Trade $25, Get $60

Enter the Kalshi promo code MAX60 during registration to claim the Trade $25, Get $60 offer. Eligible new customers receive a guaranteed $60 bonus after transacting at least $25 on Kalshi's Predictions product, regardless of whether those transactions win or lose.

Key terms and conditions:

  • The offer is available in all states except Nevada and Washington, and you must be physically located in an eligible location.
  • Eligible new customers can use either the promo code MAX60 or an eligible referral link, but not both.
  • The offer is limited to one per Kalshi account.
  • You must provide a government-issued ID or passport, along with a selfie holding that ID.
  • Make an initial deposit of at least $10 and transact at least $25 on Kalshi's Predictions product.
  • Bonus credit cannot initially be withdrawn, must be used on Kalshi's Predictions product, and expires seven days after it is granted.

How to claim:

  1. Sign up and verify. Select "Sign Up" on the Kalshi landing page, enter promo code MAX60, and provide personal information such as your date of birth, phone number, location, Social Security number, and a photo ID with a selfie.
  2. Deposit. Click "Deposit Cash" in your Kalshi wallet, choose a payment method, and deposit at least $10.
  3. Trade. Browse the available markets and transact at least $25 on Kalshi's Predictions product to unlock the $60 bonus.
  4. Withdraw earnings. After using any bonus credit, you can withdraw eligible cash proceeds, but not the original bonus credit, through the "Transfers" section of your profile.

No. 2: Polymarket

 Polymarket Logo 

Deposit $10, Get $25
Code: COVERS

18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See https://polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization.

Polymarket Promo Code: Deposit $10, Get $25 Trading Bonus

Use the Polymarket promo code COVERS during registration to unlock a $25 trading bonus after a $10 deposit. The code must be entered at sign-up, since promo codes generally cannot be applied retroactively once an account has been created.

Key terms and conditions:

  • The offer is available in all states except Nevada, and you must be physically located in an eligible location.
  • You must sign up with the code COVERS to trigger the offer.
  • You must provide proof of ID, including a photo of a driver's license or passport and a selfie holding that ID.
  • Make an initial deposit of $10.
  • Once you meet the 1x playthrough requirement of the bonus, any profit from your trades can be withdrawn as cash.
  • The same promotion is available to eligible iOS and Android users who register through a qualifying promotional campaign and satisfy the offer's terms.

How to claim:

  1. Register through a verified link on this page. Click "Sign Up," enter the code COVERS, and enter the code from the verification email you receive. You can also register with a crypto wallet such as MetaMask.
  2. Make a qualifying deposit of $10 or more using a debit card, bank transfer (ACH), Apple Pay, or crypto.
  3. Place your first trade by completing a real-money trade on any eligible market.
  4. Access your bonus funds. Once the requirements are met, your $25 trading bonus is credited and ready to use on your next trades.

No. 3: FanDuel Predicts

 FanDUel 

Trade $5, Get $100 in Predicts Bonuses

Restrictions and eligibility requirements apply. The offer is available to new users only, subject to the terms and conditions specified by FanDuel Predicts. 18+ only. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. FanDuel Predicts products are not available in all jurisdictions.

FanDuel Predicts Promo Code: Trade $5, Get $100 in Predicts Bonuses

The FanDuel Predicts promo code offer applies automatically, so no code is required. Eligible new users can earn up to $100 in Predicts Bonus by creating an account, making a deposit, and completing a qualifying $1 real-money trade.

Key terms and conditions:

  • The offer is only valid in AK, AL, CA, DE, FL, GA, HI, ID, MN, NE, NM, ND, OK, RI, SC, SD, TX, and UT.
  • The promotion runs from Aug. 24, 2026 at 1:00 PM ET through Oct. 20, 2026 at 11:59 AM ET.
  • After the initial requirements are met, users receive an initial $20 Predicts Bonus, then another $20 for each of the next four days they complete the trade requirement, up to $100 total.
  • Each day requires a separate qualifying real-money trade, and each $20 bonus can take up to 72 hours to credit.
  • Trades made with site credit, bonus credit, or another promotional bonus do not count toward the trade requirement.
  • The Predicts Bonus is non-withdrawable, but cash payouts from a successful bonus trade can be withdrawn. Any unused bonus is removed one day after it is credited.
  • Users who previously signed up for a FanDuel account or used a FanDuel account to make a prior trade are not eligible.

How to claim:

  1. Register using the FanDuel Predicts claim link. You may need to provide your birth date, Social Security number, home address, banking information, and a photo of a government-issued ID.
  2. Make a deposit using an available payment method, then complete a qualifying $1 real-money trade to earn the initial $20 Predicts Bonus.
  3. Complete at least a $1 real-money trade on each of the next four qualifying days to earn another $20 per day, up to $100 total.
  4. Track your bonus and payouts. Select the Predicts Bonus manually in the trade slip so it is used before deposited funds.

No. 4: ProphetX

 ProphetX Logo 

Earn $40
Code: COVERS

Federally regulated. Live nationwide. Trading sports event contracts involves substantial risk of loss and is not appropriate for all investors. Past results are not necessarily indicative of future results. You should consider whether trading is appropriate for you in light of your financial circumstances. ProphetX is a CFTC-regulated designated contract market. Full risk disclosure available at prophetx.co/risk.

ProphetX Promo Code: Trade $40, Earn $40

Register with the ProphetX promo code COVERS to claim a $40 trading bonus. You must make an initial deposit of at least $40 and trade at least $40 in event contracts, and the bonus is credited whether those trades win or lose.

Key terms and conditions:

  • The offer is available in all states plus DC, excluding Nevada, and you must be physically present in an eligible location.
  • You must sign up with the ProphetX bonus code COVERS to trigger the offer.
  • You must provide a government ID or passport, along with a selfie holding that ID.
  • Make an initial deposit of $40 or more and trade at least $40 in event contracts.
  • The ProphetX promo code offer is ongoing.

How to claim:

  1. Click our link and create your ProphetX account on the App Store, Google Play Store, or desktop site. Enter promo code COVERS and provide your full name, date of birth, mailing address, Social Security number, phone number, and a photo ID. A one-time PIN will be texted to you.
  2. Deposit at least $40 through the banking section.
  3. Make your first $40 trade in the available markets.
  4. Receive $40 in bonus funds and use them to keep trading.
  5. Withdraw winnings once all conditions are met by selecting "Withdraw." Claims are typically processed within five business days.

No. 5: Underdog

Play $10, Get $50 in Bonus Entries
Code: COVERS

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. Offer not valid in MD, MI, NJ, NY, OH, and PA. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).

Underdog Promo Code: Spend $5, Get $200 in Prediction Dollars

The Underdog promo code section is not included here because the supplied offer details do not contain an Underdog offer.

No. 6: OG.com

OG.com Logo

Trade $25 & Get $50
Code: COVERS

 

Campaign period: Extended. The promotion expires seven days after account verification, and only events settled within this seven-day window are eligible. Each qualifying trade must be worth at least $10 and have a probability below 80%. Trades at or above 80% probability will not count. Trades are counted only after they have settled, and trades placed using rewards are not eligible.

OG Promo Code: Trade $25, Get $50 Bonus

Enter the OG promo code COVERS while registering to claim up to $50 in trading bonuses after placing a $25 trade. The offer is available to all new users.

Key terms and conditions:

  • The offer is available in all U.S. states except NY and AZ. Users in IL, MA, MD, MI, NJ, NV, and OH may claim the bonus but cannot use it for sports trading.
  • You must be physically located in a legal OG state.
  • Make a minimum deposit of $10.
  • Place a trade of at least $25 within seven days of KYC approval, and the qualifying trade must settle within seven days of account verification.
  • Only trades with a probability below 80% qualify. Contracts purchased at $0.80 or higher are excluded from the trading volume.

How to claim:

  1. Register and enter OG promo code COVERS. Visit OG.com, click "Sign Up," verify your email address and mobile phone number, create a passcode, and complete identity verification with your full name, date of birth, address, and the last four digits of your Social Security number.
  2. Deposit funds using a debit card, Apple Pay, Google Pay, ACH bank transfer, or wire transfer, adding enough to cover the $25 qualifying trade.
  3. Place a qualifying trade of at least $25 on a market that will settle within seven days of account verification and is priced below 80% probability.
  4. Withdraw earnings by selecting "Withdraw," linking a bank account through Plaid, and entering an amount from your eligible cash balance. The welcome offer is issued as a trading bonus, so check those balances separately.

No. 7: Plus500

Trade $10, Get $20 Bonus
Code: COVERS

Terms & Conditions apply.
.

Plus500 Promo Code: Trade $10, Get $20 Bonus

Use the Plus500 promo code COVERS during registration to activate a $20 bonus after a $10 trade. The offer is for new customers only and is limited to the first 5,000 claims.

Key terms and conditions:

  • The offer is available in all states plus DC except AZ, CT, IL, IA, KY, MD, MA, MI, MN, MT, NV, NM, NY, OH, RI, and TN.
  • A minimum initial deposit of $10 and a qualifying trade of $10 are required.
  • The bonus arrives as trading credit within seven days.
  • The offer is limited to one per person.
  • The offer expires Oct. 31, 2026.
  • The $20 Prediction Markets bonus is eligible for withdrawal.

How to claim:

  1. Sign up and verify by using the Covers Plus500 link to open a real-money account and create your login.
  2. Enter promo code COVERS in the promo code field before making a deposit.
  3. Complete identity verification by providing your address, contact information, Social Security number, and more.
  4. Fund your account with at least $10, plus enough to cover applicable fees.
  5. Complete $10 in qualifying trades to release the bonus.
  6. Check your account activity and receive the $20 bonus to use on eligible markets.

No. 8: Crypto.com

Unlock $50 Bonus

Restrictions and eligibility requirements apply. The offer is available to new users only, subject to the terms and conditions specified by Crypto.com. 18+ only. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Crypto.com products are not available in all jurisdictions.

Crypto.com Promo Code: Unlock a $50 Bonus

The Crypto.com promo code offer applies automatically through the eligible sign-up link, so no code is needed. A minimum deposit of $10 is required, and Crypto.com will match your stake in a bonus of up to $50.

Key terms and conditions:

  • The offer is available in most states plus DC, except for AR, AZ, CT, IL, LA, MA, MD, MI, NV, NY, and OH.
  • Registering requires personal information such as your legal name and email address, and proof of ID.
  • Make a minimum initial deposit of at least $10.
  • The offer is ongoing and has no expiry date.

How to claim:

  1. Register by downloading the Crypto.com app from the App Store or Google Play, then open it to begin. After creating your account, complete KYC verification by confirming your phone number and providing a government-issued ID.
  2. Deposit funds using fiat or cryptocurrency, including ACH, bank transfer, Visa, Mastercard, Apple Pay, Google Pay, Bitcoin, Litecoin, or Ethereum. The minimum deposit is $10.
  3. Start trading by opening the "Sports" tab in the Crypto.com predictions marketplace and buying or selling a contract.
  4. Withdraw winnings after the event concludes by going to your account, selecting "Transfer," choosing "Withdraw Funds," and picking a linked payment method.

Election Day on Tuesday, November 3, puts all 435 House seats and 35 Senate seats on the ballot, and these welcome offers give new users several ways to get started. Review the terms for each platform, confirm eligibility in your state, and sign up before the polls close.


Affiliate Disclosure: Our team of experts has thoroughly researched and handpicked each product that appears on our website. We may receive compensation if you sign up through our links.

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Joshua Howe - Covers
Content Manager

Joshua Howe is a content manager at Covers, helping make smarter sports bettors since 2021. An experienced writer and editor, he has developed a sterling reputation within the iGaming space as a meticulous and thoughtful content creator, consistently focused on editorial leadership and strategy, engaging diverse audiences, providing authoritative industry analyses, and crafting compelling stories across multiple mediums. He has reviewed over 30 sportsbooks and has been placing his own wagers for four years and counting.

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