NEW BEST Kalshi Promo Code COVERS20: Unlock a $20 Free Trade With a $10 Deposit in California & Texas

Peter Clarke - Senior Editor at Covers.com
Peter Clarke • Senior Editor 16+ years betting experience
Updated: Jun 5, 2026 , 01:32 PM ET • 4 min read

Use Kalshi promo code COVERS20 for a $20 bonus on NBA Finals, Stanley Cup, French Open & more. Deposit $10 to get started!

Covers - Use Kalshi promo code COVERS20 for the best Kalshi bonus guaranteed.
Photo By - Covers - Use Kalshi promo code COVERS20 for the best Kalshi bonus guaranteed.

The new exclusive Kalshi promo code COVERS20 is your ticket to one of the best prediction market apps available right now, and it arrives at the perfect time with a loaded sports weekend on tap. As of June 5, new users who sign up and deposit $10 can unlock a $20 free trade to use across Kalshi's markets. From the NBA Finals to the Stanley Cup Final, the French Open, and a packed MLB slate, there is no shortage of action to trade on this weekend.

EXCLUSIVE: Deposit $10, Get $20 Free Trade

Kalshi Promo Code: Get a $20 Bonus for the NBA Finals, Stanley Cup, and More

The Kalshi promo code offer is straightforward and built for new users who want to jump into prediction market trading without a complicated process. Enter code COVERS20 at registration, deposit at least $10, and you will receive a $20 bonus trade to use on any available market. The offer is ongoing, so there is no hard expiration date, but with this weekend's events already underway, now is an ideal time to act.

Here is a look at the key terms attached to this offer:

  • Available to new users in all eligible states
  • Must be physically present in an eligible location
  • Minimum deposit of $10 required to receive the $20 bonus trade
  • Proof of ID required, including a photo of a driver's license or passport and an accompanying selfie
  • Offer is ongoing with no set end date

Once your bonus trade is in hand, you can put it to work on markets tied to this weekend's biggest events. If you trade on whether the Knicks will take a 2-0 series lead in the NBA Finals and New York delivers, you collect your winnings. If the Spurs rally and your prediction misses, the bonus trade absorbs that outcome. The same logic applies to markets around the Hurricanes and Golden Knights in Game 3 of the Stanley Cup Final, French Open championship results, or any of Friday's MLB matchups, including the Yankees-Red Sox rivalry game in the Bronx. Kalshi covers a wide range of sports and non-sports markets, making it one of the more versatile platforms available. For a broader look at what is out there, check out the best prediction market promos compared side by side.


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Use the correct Kalshi promo code for your state

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.

  Kalshi Promo Code Eligible States
  COVERS20 All states + DC, excluding NV

How to Claim Your $20 Kalshi Bonus Trade This Weekend

Claiming your bonus trade takes just a few minutes. Follow these steps to get started and trade on the NBA Finals, Stanley Cup Final, or any other market this weekend:

  1. Sign up and verify: Visit Kalshi and click the Sign Up button. Enter code COVERS20 during registration. You will need to provide your date of birth, phone number, and location. Kalshi may also request a photo of your driver's license or passport along with a selfie to complete identity verification. This is a standard KYC process and only takes a few minutes.
  2. Deposit: Navigate to your Kalshi wallet and click Deposit Cash. Select your preferred payment method, enter a minimum of $10, and confirm the transaction.
  3. Receive your bonus trade: Once your $10 deposit is confirmed, your $20 bonus trade will be credited to your account and ready to use on any market.
  4. Trade: Click the Sports tab in the predictions marketplace and browse available markets. Choose from NBA Finals, Stanley Cup Final, French Open, MLB, and more, then make your prediction.
  5. Withdraw winnings: If your trades are successful, head to the Transfers section of your profile, select Withdraw Funds, choose a linked payment method, and enter the amount you want to take out.

For a full breakdown of the platform before you get started, read our Kalshi Sports Review.


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Peter Clarke - Covers
Senior Editor

Peter Clarke is dedicated to keeping bettors informed about the biggest sports betting events, such as the Super Bowl and March Madness, and the best way to cash in on sportsbook promos. He's also always on top of the latest welcome offers from the biggest sportsbooks, so he can share the best deals and the most exciting games to use them on every day.

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