The Kalshi promo code COVERS20 is available as of June 7, giving new users a chance to claim a $20 free trade bonus on one of the best prediction market apps available right now. With the NBA Finals heading to Madison Square Garden and a full MLB Sunday slate on deck, there is no shortage of markets to explore. Simply sign up with code COVERS20 and deposit $10 to unlock the offer.
EXCLUSIVE: Deposit $10, Get $20 Free Trade
Kalshi Promo Code: $20 Bonus for NBA Finals and MLB Action
The Kalshi promo code offer is straightforward and built for new users looking to get in on the action surrounding the NBA Finals and a packed MLB schedule. After registering with code COVERS20, you must make a minimum deposit of $10 to trigger the $20 trade bonus. That bonus can be applied to any market on the platform, including contracts tied to the Knicks-Spurs NBA Finals series at Madison Square Garden or any of Sunday's MLB divisional matchups featuring teams like the Dodgers, Mets, Yankees, and Padres.
To illustrate how the bonus works in practice: if you use your $20 trade on a contract asking whether the Knicks will win Game 3 of the NBA Finals and your prediction is correct, you keep the winnings. If your prediction does not land, you do not lose money out of pocket since the trade itself was covered by the bonus. Here is a summary of 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 trade bonus
- Proof of ID required, including a photo of a driver's license or passport and a selfie holding that ID
- Social Security Number verification may also be required
- The offer is ongoing with no listed expiration date
For a full breakdown of what is currently available across the industry, take a look at the top 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 Bonus for the NBA Finals and MLB on Kalshi
Claiming your bonus ahead of the NBA Finals and Sunday's MLB action is a quick process. Follow these steps to get started:
- Sign up and verify: Navigate to Kalshi and click the Sign Up button. Enter code COVERS20 during registration. You will need to provide personal details, including your date of birth, phone number, and location. Be prepared to verify your identity with a government-issued photo ID and a selfie, and your Social Security Number if prompted. These are standard Know Your Customer protocols that only take a few minutes to complete.
- Deposit: Head to your Kalshi wallet and click the Deposit Cash button. Select your preferred payment method, enter a minimum of $10, and confirm the transaction to activate your bonus.
- Receive your trade bonus: Once your $10 deposit is confirmed, your $20 trade bonus will be credited to your account and ready to use across any available market.
- Trade: Click the Sports tab in the predictions marketplace and browse available contracts. You can trade on NBA Finals outcomes, MLB results, and much more across Kalshi's wide range of markets.
- Withdraw winnings: If your predictions are accurate and you turn a profit, head to the Transfers section of your profile, select Withdraw Funds, choose a linked payment method, and enter the amount you wish to take out.
For a deeper look at the platform before you get started, check out our full Kalshi Sports Review.
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