The Nathan’s Hot Dog Eating Contest returns to Coney Island on the Fourth of July, and if you want to make this gluttonous spectacle even more interesting, now’s the time to try the Kalshi promo code. New users who sign up with code COVERS can grab a $10 bonus on the Kalshi prediction market platform — just in time to trade on one of the most American events of the year. You can find more special event promos like this on our sportsbook promos page.
Joey Chestnut is back after a one-year hiatus and once again the heavy favorite, while Miki Sudo enters as the clear front-runner in the women’s division. But instead of betting the obvious winners, Kalshi lets you get creative with Over/Under markets, head-to-head matchups, and props excluding the two legends — all traded like contracts on an exchange.
Kalshi promo code details: How to unlock your $10 bonus
If you’re new to Kalshi, it’s a unique, regulated prediction market where you trade “Yes” or “No” contracts on real-world outcomes, including sports, politics, and pop culture. While it’s not a traditional sportsbook, it does let you act on your gut instincts — like Joey Chestnut eating 75+ dogs — with real money.
To take advantage of the Kalshi offer, follow these simple steps:
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Sign up at Kalshi.com and enter the promo code COVERS when prompted.
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Deposit at least $1 to activate your account.
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Trade $100 or more in any event contracts — doesn’t matter if it’s on the hot dog contest or another market.
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Once you meet the trade requirement, you’ll receive a $10 bonus credited to your Kalshi account.
This offer is available in most U.S. states, excluding IL, MD, MT, NJ, NV, and OH. You must be 18 or older, and Kalshi will require ID verification to confirm your eligibility.
For more info and the latest terms, check out our full Kalshi promo code guide.
🏆 Nathan's Hot Dog Eating Contest winner odds
Data courtesy of Kalshi, a regulated prediction market platform that operates similarly to the stock exchange. It lets you buy and sell contracts with other users on real-world events, where you can make predictions on the outright winner.
🌭 Hot dogs eaten by the Nathan's Contest winner
Data courtesy of Kalshi.
The 2025 winner, most likely Chestnut, should consume in the 72–76 hot-dog range. That places 70+ firmly in play, 75+ as a solid longshot, and 80+ remaining unlikely. So if you’re betting on 70 or more, you’re aligning with the broad public sentiment and statistical odds.
Is Kalshi Legal?
Yes. Kalshi operates as a federally regulated exchange under the Commodity Futures Trading Commission (CFTC). Unlike sportsbooks, Kalshi allows traders to engage in event-based contracts rather than traditional gambling markets.
Why Kalshi is great for events like Nathan’s Hot Dog Eating Contest
Kalshi's prediction markets are ideal for unique, high-profile events like the Fourth of July eat-a-thon. Instead of traditional odds, you’re buying shares in whether something will happen — for example, “Will Joey Chestnut eat more than 73.5 hot dogs?” You can trade contracts before and during the contest, with prices changing based on market sentiment.
Kalshi may not have the breadth of DraftKings or FanDuel just yet, but it's one of the best prediction market sites in 2025, offering creative ways to engage with everything from sports to political elections. For more on how it works and what it offers, check out our Kalshi Sports Review.
Hot dog in one hand, Kalshi in the other — make your Fourth of July extra juicy with the Kalshi promo code COVERS. 🌭
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