March Madness Round 1 kicks off Friday with four compelling matchups between 12-2 PM ET, and the Kalshi promo code offers new users a $10 bonus to trade on these games. The slate features potential upsets like Santa Clara challenging Kentucky and Akron taking on Texas Tech, making it an ideal time to explore one of the best prediction market apps.
This Friday, March 20 welcome offer requires entering code COVERS during registration and trading $10 in event contracts to unlock the reward.
Trade $10 Get $10 With Code COVERS
Kalshi Promo Code Details for March Madness Round 1
The Kalshi promo code COVERS provides new users with a $10 bonus after completing specific requirements tied to Friday's tournament action. Unlike traditional sportsbooks, Kalshi operates as a prediction market platform where users trade on event outcomes rather than place traditional bets. To claim this offer, you must register with code **COVERS**, make a minimum $1 deposit, and trade at least $10 in event contracts on games like Kentucky vs. Santa Clara or Texas Tech vs. Akron.
Key terms include availability in most U.S. states except Arkansas, Arizona, Connecticut, Illinois, Louisiana, Massachusetts, Maryland, Michigan, Montana, New Jersey, Nevada, and Ohio. You must provide ID verification during registration and be physically located in an eligible state. For example, if you trade $10 on Santa Clara to upset Kentucky and they lose, you still receive the $10 bonus. Conversely, if the Broncos pull off the upset and your trade profits, you keep those winnings plus the guaranteed $10 bonus.
The platform's unique structure means you're trading shares in event outcomes rather than placing traditional wagers, with contract prices fluctuating based on perceived probability. For comprehensive comparisons of similar offers, check out the best prediction market promos available.
Live Market Prices for March Madness 2026
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Is Kalshi Legal & where can I use the Kalshi promo code?
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.
How does the Kalshi referral code program work?
With a Kalshi referral code, you can earn a $25 bonus for every friend you invite who signs up, deposits funds, and meets the trading requirements within 30 days. To qualify, your friend must register through your unique referral link, which is available in your account dashboard. Much like a traditional sportsbook referral program, Kalshi rewards existing users for bringing new traders to the platform.
It’s an easy way to boost your bankroll and earn up to $1,000 through successful referrals.
Use the correct Kalshi promo code for your state
| Kalshi Promo Code | Eligible States |
| COVERS | All states except for AR, AZ, CT, IL, LA, MA, MD, MI, MT, NJ, NV, and OH |
How to Claim Your $10 March Madness Bonus
Claiming your Kalshi bonus for Friday's March Madness games requires following these specific steps:
- Navigate to Kalshi and click "Sign Up," entering promo code COVERS during registration
- Complete account verification by providing personal information and ID documentation
- Make a minimum $1 deposit using your preferred payment method
- Browse the Sports section and select March Madness Round 1 markets
- Trade at least $10 total across any combination of the four Friday games
- Receive your $10 bonus regardless of trading outcomes
The bonus activates immediately after meeting the trading requirement, allowing you to continue trading on remaining tournament games or withdraw your funds. For detailed platform information, read our comprehensive Kalshi Sports Review.
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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