Kalshi Promo Code COVERS for Up to $500 in Bonuses in July 2026

Does Kalshi have a promo code?

Yes, eligible new customers can enter the Kalshi promo code 'COVERS' during registration to access the 'Up to $500 in Bonuses' sign-up offer. I've outlined the current Kalshi welcome promotion below. I completed the sign-up process in about five minutes and can confirm the offer is legitimate:

Does Kalshi give you a bonus?

Yes, eligible new customers can register with the Kalshi promo code 'COVERS' to claim the 'Up to $500 in Bonuses' sign-up offer. After meeting the offer requirements, qualifying customers receive a randomized reward ranging from $15 to $500, so the maximum $500 amount is not guaranteed.

To qualify, make an initial deposit of at least $10 and transact at least $25 on Kalshi's Predictions product. You can then browse Kalshi's numerous markets and real-world event contracts across sports, politics, culture, and other categories, making it one of the country's best prediction markets in 2026. The transaction outcome does not affect eligibility. Any bonus credit awarded cannot initially be withdrawn, must be used on Kalshi's Predictions product, and expires seven days after it is granted.

Kalshi promo comparison

	Kalshi	Crypto.com	Polymarket	OG.com
Compare	Pin	Pin	Pin	Pin
Welcome bonus	Up to $500 in Bonuses	$50 Bonus	Deposit $10, Get $20 Bonus	Trade $10, Get $10 Bonus
Promo code	COVERS	Use unique link	COVERS	Automatically applied
Bonus type	Trade and get	First trade match	Deposit and get	Bet & get
Bonus form	Up to $500 in bonuses	Up to $50	$20 trading bonus	Up to $10 in bonuses
Payout speed	Within 24 hours (excluding bank transfer)	Within 24 hours	Within 24 hours	Within 24 hours
Min. deposit	$10	$10	As little as $10	seven days within 24 hours of verification
Covers BetSmart Bonus Rating	⭐ 4.9/5	⭐ 4.7/5	⭐ 4.9/5	⭐ 4.6/5

Kalshi promo code terms and conditions

Entering the Kalshi promo code 'COVERS' during registration gives eligible new customers access to the 'Up to $500 in Bonuses' sign-up offer featured at the top of our best NFL prediction market sites list. The key terms and conditions are:

• You can claim the Kalshi promo in all states, excluding Nevada.
• Make sure you are physically present in an eligible location.
• Eligible new customers can use either the Kalshi promo code 'COVERS' or an eligible referral link, but not both.
• The offer is limited to one per Kalshi account.
• You must provide a government ID or passport, along with a selfie of you holding that ID.
• Make an initial deposit of at least $10 and transact at least $25 on Kalshi's Predictions product.
• After you transact at least $25, the bonus is credited regardless of whether the qualifying transactions win or lose.
• The randomized bonus ranges from $15 to $500, and the maximum $500 reward is not guaranteed.
• Bonus credit cannot initially be withdrawn, must be used on Kalshi's Predictions product, and expires seven days after it is granted.
• The Kalshi promo code offer is ongoing.

Claim Kalshi bonus

How to earn up to $500 with the Kalshi bonus?

Before you can qualify for the Kalshi sign-up offer, you must create and verify an account. I've completed this process myself, so I've explained the steps you need to follow below:

1. Sign up and verify

To begin, I needed to register with Kalshi. Once on the landing page, select 'Sign Up' and enter the Kalshi promo code 'COVERS' during registration.

I had to provide personal information to complete the sign-up process, such as my date of birth, phone number, and location. Kalshi also asked me to verify my Social Security Number (SSN) and a form of ID. This could be a photo of a driver's license or passport, along with an accompanying selfie to confirm identity. I received an email requesting this information.

These are standard Know Your Customer (KYC) protocols implemented across all event-trading platforms. They are put in place to make the site more secure by verifying each user's identity and creating a legitimate platform. It's a simple process that only took me about five minutes.

2. Deposit

Next up was adding funds to my account. In my Kalshi wallet, I clicked the 'Deposit Cash' button at the top of the screen, then selected my preferred payment method. Remember, eligible new customers must deposit at least $10 before completing the separate $25 transaction requirement for the randomized bonus. My deposit was essentially instantaneous.

3. Trade

Now I was ready to start trading. I explored the available predictive markets and chose one I wanted to trade on: the 2027 NFL Champion. To meet the offer requirement, I made sure to transact at least $25 on Kalshi's Predictions product, choosing a high-volume market with clear rules and near-term settlement.

4. Withdraw earnings

After using any awarded bonus credit on Kalshi's Predictions product, I could withdraw eligible cash proceeds, but not the original bonus credit itself. I just had to click the 'Transfers' section of my Kalshi profile and choose 'Withdraw Funds.' I selected a linked payment method, an online bank transfer to be specific, and entered the amount I wanted to take out. Honestly, it was incredibly straightforward, and I didn't feel there were any unnecessary hoops to jump through.

Kalshi promo code summary for this week

	Kalshi
Kalshi sign-up bonus	Up to $500 in Bonuses
Kalshi promo code	COVERS
Top feature	Legal sports trading
Minimum deposit	$10
Eligible states	All states + DC (excluding Nevada)
Legal age	18+
Kalshi mobile app	iOS & Android
Offer expiry	Ongoing

Trending on Kalshi

The trending markets on Kalshi in July 2026 include the Tour de France winner, 2026 Primaries and previously 'LeBron James' Next Team,' before the bombshell.

Today's featured sport prediction markets - 2027 Pro Basketball Champion

Money is pouring in on the 2027 NBA Champion after LeBron James signed a surprise contract with the Philadelphia 76ers, moving the odds significantly in their favor. Check out the Kalshi trading prices for the top sports prediction market on July 25, 2026: 

2027 Pro Basketball Champion

	Yes	No
OKC Thunder	22¢	79¢
San Antonio Spurs	20¢	82¢
Philadelphia 76ers	14¢	87¢
Miami Heat	6¢	95¢
New York Knicks	8¢	93¢
Boston Celtics	6¢	95¢

Trading volume: $12.2M as of July 25, 2026

Tour de France Winner

	Yes	No
Tadej Pogcar	94¢	7¢
Remco Evenepoel	6¢	95¢
Isaac Del Toro Romero	1¢	No

Trading volume: $737.7K as of July 25, 2026

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Featured Kalshi political market 

2028 U.S. Presidential Election winner?

	Yes	No
Marco Rubio	18¢	83¢
J.D. Vance	18¢	83¢
Gavin Newsom	12¢	89¢
Jon Ossoff	11¢	90.3¢
Alexandria Ocasio-Cortez	8.7¢	91.4¢
Ron DeSantis	4.4¢	95.7¢
Kamala Harris	4.8¢	95.6¢

Trading volume: $53.9M as of July 25, 2026

---

Featured Kalshi culture market 

Oscar winner: Best Picture

	Yes	No
The Odyssey	55¢	46¢
Dune: Part Three	15¢	86¢
Digger	8¢	93¢
The Black Ball	6¢	95¢
Project Hail Mary	6¢	95¢
Wild Horse Nine	7¢	94¢
Fjord	3¢	98¢

Trading volume: $2.1M as of July 25, 2026

What is Kalshi?

Kalshi is a federally regulated platform for trading event outcomes on prediction markets. Traders can buy and sell simple, transparent contracts that settle based on the outcome of real-world events. Markets revolve around a yes/no proposition, with prices adjusting dynamically based on traders’ perceived probability that the event will occur. When the event concludes, if you are correct, the contract “honors” at a predetermined price; if you are incorrect, it expires at $0.

Kalshi’s unique approach powers trades between users on an open exchange, rather than positioning the platform as the counterparty, as a traditional bookmaker or sportsbook would. Market forces establish prices rather than a house advantage, and participants can buy and sell before an event concludes as new information becomes available. Trades are settled on Kalshi's own CFTC-regulated exchange, giving it more of an exchange feel than a typical betting app.

The U.S. Commodity Futures Trading Commission (CFTC) regulates Kalshi as a Designated Contract Market. Instead of being treated as gambling, Kalshi’s contracts are structured as “financial instruments” that track the outcomes of future events. Trades can be executed across Kalshi’s diverse selection of markets — ranging from sports and politics to economics, pop culture, and tech — using the familiar U.S. dollar rather than cryptocurrency.

Is Kalshi legit?

Yes, Kalshi is a completely legitimate operator. Kalshi is regulated federally as a prediction market, not licensed state-by-state like a sportsbook, meaning it is exempt from the licensing requirements that apply to online sports betting apps and to social and sweepstakes casinos. State access and sports-market availability may still vary.

While it is not under the licensing jurisdiction of gambling regulators, Kalshi must comply with regulators in other industries and adhere to compliance standards.  

• Regulatory compliance: Kalshi is a Designated Contract Market (DCM) regulated by the Commodity Futures Trading Commission (CFTC), which regulates U.S. derivatives and commodity markets at the federal level.
• Auditing and security: Kalshi has SOC 2 Type II compliance, a security certification that evaluates how a company deals with customer data. Along with SSL encryption, this ensures your information is safe and secure.

Rest assured, you can trade at Kalshi with confidence thanks to these compliance standards.

Covers Expert Analysis

"I have personally used Kalshi and can confirm that it is safe. Trading is smooth, if a little barebones, and I had no issue withdrawing funds. However, I recommend making withdrawals with your debit card or USDC, since those methods typically take anywhere from 30 minutes to 24 hours to clear. Meanwhile, it can take up to four business days to receive your payment using bank transfers."

Christian Stringer, Prediction Markets Editor

Where is Kalshi available?

As a regulated prediction market platform, Kalshi is legal and operational in every U.S. state, except for Nevada. I've also read that it is targeting overseas expansion. Eligible new customers who meet the age and location requirements can register with the Kalshi promo code 'COVERS' to access the 'Up to $500 in Bonuses' sign-up offer. I think it's a great option if you're in a state that doesn't yet have legalized online sports betting. 

Popular Kalshi states

For in-depth breakdowns on some of the most-searched markets, check out our dedicated guides:

California

• Is Kalshi legal in California?
• California prediction markets

Texas

• Is Kalshi legal in Texas?
• Texas prediction markets

New York

• Is Kalshi legal in New York?
• New York prediction markets

Florida

• Is Kalshi legal in Florida?
• Florida prediction markets

Georgia

• Is Kalshi legal in Georgia?
• Georgia prediction markets

All Kalshi states

The Kalshi sign-up bonus is available in the following U.S. states in July 2026: 

Kalshi promo code for existing customers

Currently, I don't see any Kalshi promos that are available for existing users, other than referral offers. However, some exclusive promotions may be available from time to time via a Kalshi bonus code. If the situation changes, I will list the bonuses and respective codes in this section. 

What is the Kalshi referral code for 2026?

I found Kalshi's friend-referral program in the 'Account' section and was able to share my unique referral link with a friend. The process works similarly to a typical sportsbook referral bonus, but I first had to meet Kalshi's eligibility requirements, including transacting at least $25, before becoming a referrer. A new customer can use either my referral link or the Kalshi promo code 'COVERS' during registration, but not both.

Kalshi promo code vs. referral code

It's important to understand that the Kalshi promo code 'COVERS' and Kalshi's friend-referral program are separate and cannot be combined. I've provided a table outlining the differences between these two sign-up methods:

Kalshi platform review

Who it's for

I feel Kalshi is best for users who want to speculate on real-world outcomes. It is a wonderful option for traders and sports trading fans, but it also has a niche appeal with data analysts and political enthusiasts. The platform is ideal for tracking economic trends, sports forms, data, and my personal favorite, election polls. For example, during the U.S. presidential election, Kalshi initially showed Donald Trump as the favorite.

Covers BetSmart Rating: ⭐ 4.9/5

Bonuses and promotions	⭐ 4.6/5
Banking and payout speed	⭐ 4.8/5
Key features	⭐ 4.9/5
Security and trust	⭐ 4.9/5
Customer support	⭐ 4.8/5
User experience	⭐ 4.9/5
Trading odds	⭐ 4.9/5

User reviews  

Editor's note: User reviews may be edited for clarity. 

"Kalshi is hands down one of the best apps I’ve ever used! It’s not just another trading platform — it’s an innovative, exciting, and engaging way to make decisions based on real-world events. The interface is sleek, user-friendly, and makes navigating the markets a breeze, even for beginners like me."

- App Store user

"I've been really enjoying Kalshi so far. The interface is clean, intuitive, and actually feels thoughtfully designed instead of rushed. Everything loads smoothly, navigation makes sense, and I didn't have to "figure it out" — which is honestly rare for a lot of apps these days. What I appreciate most is that it feels like the developers actually care about the user experience."

- App Store user

Kalshi at a glance

💰 Sign-up bonus	Up to $500 in Bonuses
⏩ Kalshi bonus code	C{bonus/kalshi-sports/primary/bonus_code/us}}
🏅 Top feature	Legal sports trading
💵 Minimum deposit	$10
🕒 Payout speed	Within 24 hours (excluding bank transfer)
App Store rating	4.8/5 ⭐ (419K reviews)
Google Play rating	4.8/5 ⭐ (89.7K reviews)
🌎 Available states	All states + DC (excluding Nevada)
🕒 Offer expiry	Ongoing
✅ Last verified	July 25, 2026

---

What we like

Events prediction model: I love that Kalshi uses an event-based prediction model across various sports and niche markets, helping it differentiate from competitors.

Ease of use: I find the platform offers extremely simple trading, allowing me to choose between two outcomes, making it easier to understand.  

Flexible trading: I can modify my investments while the market is open, making changes based on real-time analytics. 

What we don't like

Limited promotions for existing customers: Kalshi offers an ongoing new-customer sign-up promotion, but I have found there are fewer recurring bonus opportunities for existing users. As the platform grows, I expect more promotions for existing customers.

Limited sports coverage: The Kalshi platform offers fewer sports and prediction markets than traditional sports betting sites. I anticipate that they will add more sports in the near future, though the addition of player props and 'futures' has been welcomed.

Our comprehensive Kalshi Sports review provides additional information. You can also review our Polymarket vs. Kalshi guide page, which includes info about the current Polymarket promo code offer, to see which prediction markets are right for you in 2026.

Kalshi app review

Kalshi is one of the most popular prediction market apps available in 2026, offering users access to prediction markets through both a mobile browser and a dedicated app. While the HTML5 mobile site is clean, responsive, and easy to use, I found the native Kalshi app delivers a better overall experience thanks to its smoother navigation and mobile-first layout. I enjoy its recently added features like push notifications and two-factor authentication, as both are useful for my daily trading.

The transition between desktop and mobile is seamless, and the app includes everything you need to trade on the go, from browsing markets and managing payments to contacting customer support. 

🍎 Kalshi iOS app

The Kalshi iOS app is available for free on the App Store and provides users with full access to the platform’s prediction markets in a polished mobile environment. It currently has a 4.8 rating across over 417K reviews. At 324.7 MB and growing rapidly, it is a fairly sizeable download, but that extra space translates into a more complete native experience than simply using the mobile browser version. I found the app easy to navigate, with quick access to active markets, account settings, deposits, withdrawals, and promotions. In fact, I noticed the app's size shrank significantly during the last update.

Entering the Kalshi promo code 'COVERS' is just as straightforward on iPhone as on desktop.

Kalshi iOS app

🤖 Kalshi Android app

I get the same core experience on Android, with the Kalshi app offering full market access, payment options, and account functionality in a layout optimized for smaller screens. Reviews are positive, with a 4.8 rating across 89K reviews. The app feels modern and intuitive, and it does a good job preserving the same look and functionality across devices. That consistency is important, especially when I switch between desktop and mobile throughout the day and want the same clean, uncluttered experience each time I log in.

📱 Kalshi app design

Kalshi’s mobile design is simple, modern, and built with usability in mind. The app avoids unnecessary clutter and instead focuses on making markets easy to browse, track, and trade. I liked how naturally the interface translated to mobile, with key sections clearly laid out and the overall experience feeling very similar to the desktop site. I was genuinely impressed by the thoughtfulness of the layout and its ease of browsing.

That familiarity makes it easy for new users to settle in quickly, while the native app still adds enough mobile-specific functionality to feel worthwhile. Features like push notifications and two-factor authentication also make the app feel better suited for regular day-to-day use than the browser version.

📈 Recent Kalshi app improvements

Kalshi has continued refining its app with ongoing updates aimed at stability and performance. The most recent version, 9.9.98, was released in July 2026 and included bug fixes and performance upgrades. While the app was already solid, updates like these are encouraging because they show Kalshi is actively improving the user experience rather than leaving the mobile product static.

As the app continues to grow, it is also becoming a more robust standalone platform, which should appeal to users who prefer to place trades and manage their accounts entirely on mobile.

Check out our detailed guide to learn more about apps like Kalshi.

Kalshi vs traditional sportsbooks explained 

I've seen my friends sometimes confuse Kalshi with traditional sportsbooks like FanDuel or DraftKings. Here’s how I explain to them how Kalshi’s platform operates differently: 

Traditional sportsbooks 

• You bet at fixed odds set by the house
• Odds contain built-in margin (“vig”) 
• You’re locked into your bet until the event resolves

Kalshi 

• You trade contracts priced at current probabilities 
• Prices move like stocks/options based on market info
• Trade contracts anytime before resolution 

Trading probabilities vs betting odds 

When I bet on sports, I place a wager at odds determined by the bookmaker. The odds are quoted with a built-in margin that ensures a house edge. Once I've placed my bet, I’m committed until the event is over unless I accept a cash-out option at select sportsbooks.

On Kalshi, I buy and sell contracts priced at their current probability. For example, a contract trading at $0.62 implies about a 62% chance of that outcome occurring. New information can cause prices to rise or fall as other traders buy and sell. Market prices constantly fluctuate in response to news, data releases, changes in odds, etc.

No line setting by a house 

At a traditional sportsbook, I'm betting against the house. The sportsbook “lays the odds,” takes the opposite side of my bet, and profits from volume and pricing edges.

Kalshi does not set odds or bet against me. It operates an exchange-style marketplace where I deal only with other traders. Kalshi provides market-making services and charges fees, but prices are always determined by market supply and demand.

Ability to easily exit positions 

When I bet with a sportsbook, I'll usually have to wait for the event’s conclusion to learn my result. Some books offer an instant cash-out feature, but this option isn’t always available.

On Kalshi, I can buy and sell contracts up until the moment of resolution. If an injury happens, a forecast changes, or your opinion shifts, I can always exit my position early. I can trade whenever I want at market prices to cut my losses or take profits.

Regulation and legality 

In the United States, sportsbooks are considered gambling operators and regulated at the state level. That’s a huge win for many Americans, because you’ll find Kalshi available in many states where traditional sports betting isn’t permitted.

The federal government regulates Kalshi through the Commodity Futures Trading Commission (CFTC). Because Kalshi's event contracts are classified as financial products, many states allow Kalshi to operate, even in regions where sports betting isn’t available.

Covers Expert Analysis

"It's worth noting that Kalshi's profits are reported differently from traditional sportsbooks, such as FanDuel and BetMGM. Kalshi files Form 1099-B (Capital Gains/Losses), which is used to report the sales of financial assets. Meanwhile, traditional operators adhere to Form W-2G (Gambling Winnings), where income is taxed at typical rates, and losses can be deducted."

Christian Stringer, Prediction Markets Editor

What markets can you trade on Kalshi?

Sports event trading is a new platform on Kalshi. Still, it continues to grow, offering markets in several niches: Basketball (NBA), football (NFL), baseball (MLB), hockey (NHL), F1, tennis, soccer, and golf. As Kalshi continues to grow in popularity, expect more markets to emerge. This is one of the fastest-growing platforms available, so keep that in mind. Recently, Kalshi has added markets for MMA, cricket, boxing, lacrosse, Aussie rules, rugby, darts, NASCAR, chess, squash, sailing, and even contracts for the Boston Marathon. 

Last NBA Playoffs marked the first time Kalshi listed single-game NBA markets. Since then, Kalshi has expanded this trading format to other popular sports, allowing you to place a wager on a single game rather than the entire season. The platform continues to expand its selection.

Politics is the most popular and robust category to have become mainstream during the most recent U.S. presidential election. Other options include:

Culture (music, movies, awards shows like the Oscars, celebrities, review ratings, TV, video games)

Crypto (Bitcoin, Dogecoin, hourly values, Ethereum)

Weather (temperature, climate change, natural disasters, weather predictions)

Economics (interest rates, inflation, employment, consumer spending, energy)

Companies (Elon Musk, CEOs, layoffs, product launches)

Financials (NASDAQ, currency, treasuries)

Tech & Science (AI, space, energy, papers)

Health (disease spread, COVID)

World (foreign economies, international politics)

Kalshi NFL Player Props

Kalshi debuted individual player prop markets ahead of the last NFL season, allowing users to buy and sell contracts on various player-specific outcomes. The first prop market the operator debuted was 'Who will score the first touchdown?' in the NFL season opener between the Dallas Cowboys and Philadelphia Eagles. It's another example of how the platform keeps expanding.

Kalshi live event trading

While you cannot predict specific moments or outcomes of an event, Kalshi still allows you to change your prediction once the event is active. Users can continue to trade contracts in real time, giving them more flexibility and the chance to respond to changes in circumstances. Data-driven analysis can help track an event and buy or sell a contract before or during it. 

Kalshi 2026 U.S. midterms 

The U.S. midterms are here, and Kalshi offers real-time markets for all 2026 primaries. I enjoy how Kalshi provides several useful tools to track the midterms, including an interactive primary election calendar, a 'Markets to watch' section, and the ability to filter midterm markets by state and political party, so you never miss a trading opportunity during the 2026 U.S. midterms. 

Kalshi Combos

Combos on Kalshi let you group multiple event outcomes into a single trade, somewhat resembling a parlay at sportsbooks. Rather than wagering on each market individually, you can link a few together to form a custom position tailored to what you expect to happen. These trades are higher risk but also higher reward when they hit.

Kalshi Combos are a key product feature that has pushed sports volume into the stratosphere. The key to understanding combos is that they pay out based on the product of the final settlement values of each leg. If all legs fully resolve to $1, then the combo pays $1. If one leg partially resolves to $0, then the combo pays $0. And if one leg partially resolves to another value, like $0.70, that number factors into the payout as well. Combos are currently available on pro football, pro basketball, and some mention markets.

Creating a combo is simple. Kalshi features a combo builder within the app that lets you assemble events as they get closer to occurring. Once you submit a combo, Kalshi issues a Request For Quote (RFQ) to the market. This means the system makes a request to other traders to see if they would be willing to take the opposite side of your trade and at what price.

Combo payouts are determined based on how each leg of the combo resolves, even in the case of an unexpected outcome. If one leg of your combo is voided (such as a player market where the player never enters the game), then the combo is not voided. Instead, Kalshi treats each leg independently and multiplies the results.

For example, if you purchased a 3-leg combo and one leg resolved to pay $0.50, with the remaining legs resolving to pay $1.00, your payout would be $0.50 per contract. This allows a simple way to express a more nuanced opinion about an outcome of a game or event while keeping the payout math straightforward.

Kalshi Pro

Kalshi Pro feels like the platform is finally taking the training wheels off. The new desktop terminal is built for active traders who want to monitor, compare, and manage dozens of markets without bouncing between tabs or losing track of price movement.

I can use the same Kalshi account, balance, and exchange, but the experience is much closer to a professional trading workstation than the standard Kalshi interface. Everything is designed around speed, visibility, and the ability to manage multiple positions at once. 

Take the Kalshi Pro tour

The first thing that stands out is the multi-market canvas. I can open several markets in one workspace, arrange them however I want, and save the layout for later. That should be especially useful during busy trading windows when sports, politics, economics, and breaking-news markets are all moving at once. Kalshi Pro also includes a real-time market screener covering roughly 2,000 markets. Instead of manually searching for opportunities, I can scan the exchange for active markets, price movement, and potential trades from one screen.

The biggest upgrade, though, is the new perpetuals trading interface. It comes with:

• Licensed TradingView charts
• Adjustable leverage
• Built-in risk-management tools
•  A more advanced order-entry experience
• Live market data in a desktop-first layout

What makes Kalshi Pro different?

Kalshi Pro is not a separate exchange or a different account tier. It connects directly to the same Kalshi wallet and market ecosystem, but gives more experienced traders a much stronger set of tools. That makes it a clear step up from the standard app for anyone who trades frequently, follows several markets at once, or wants deeper charting and risk controls. It also brings Kalshi closer to the feel of a full-service financial exchange rather than a simple prediction market app.

Kalshi profitable trading strategies

Here are some effective strategies to help you make profitable trades with the Kalshi sign-up bonus. Remember to always focus on bankroll management, as you never want to risk too much on a single trade. If you follow these tips, you'll be well on your way to success at Kalshi. Read through them carefully and incorporate them into your process.

Kalshi trading odds and fees

Kalshi does not influence prices, since they are set by the market. Investor consensus bases the price on the likelihood of each contract outcome. Pricing is relatively straightforward, as each market has only two outcomes. For example, a contract for the Washington Commanders to win the 2027 Super Bowl will allow users to trade on the 'Yes' or 'No' outcome. 

Supply and demand of the contract will sway prices, and fluctuations are common. Think of actual trading concepts, and you have a basic understanding of the buy/sell dynamics of Kalshi. Essentially, using real money, you will buy outcomes, separating Kalshi from social sportsbooks, and sell your prediction/contract as often as you want to get the best result. The market also sets liquidity. 

Kalshi charges transaction fees, the amount of which depends on the market/contract. In most cases, the charge is 1% of the value of a trade. 

Kalshi customer service

Kalshi features a live chat function, but you must make a real-money deposit before you can use it. I was able to connect with an agent within a minute of clicking on the chat icon in the bottom right corner on the screen. Other ways to communicate with Kalshi are via Discord, email, and phone. There is also an in-depth and legitimately helpful FAQ section on the site. 

• Live chat: Available following initial deposit
• Email: support@kalshi.com
• Phone: 332-205-9910
• Support language(s): English
• X (Twitter): @Kalshi

Kalshi payment methods

I'm impressed with Kalshi's range of banking options available in July 2026, which lets you choose from a mix of traditional vendors and e-wallets. However, debit card deposits made through Visa, Mastercard, Apple Pay, and Google Pay may be subject to a 2% processing fee. All withdrawals from Kalshi are processed without additional fees. It's worth noting that the availability of payment options can vary by state and account. 

Method🏦	Deposit💰	Withdrawal💸
Wire transfer	✅	✅
Visa (debit)	✅	❌
Mastercard (debit)	✅	❌
Crypto (USDC)	✅	✅
Bank transfer	✅	✅
Online banking	✅	✅
Cash App Pay	✅	❌
PayPal	✅	✅
Venmo	✅	✅
Apple Pay	✅	✅
Google Pay	✅	✅

Using the EDGE Boost promo code can also earn additional rewards on transactions. 

How does Kalshi compare to stock and crypto trading?

The Kalshi platform blends elements of sports wagering and traditional trading, with a unique twist. If you are looking to get started, using a Kalshi promo code is a great way to explore its unique market of event-based contracts. Unlike standard stock or crypto trading, Kalshi users predict the outcomes of real-world events and trade based on the accuracy of those predictions.

In contrast, traditional trading focuses on investing in companies or digital assets, where the classic model grants investors actual ownership or underlying value. Kalshi's event contracts, however, simply settle as soon as the real-world outcome occurs.

Kalshi trading limits and liquidity

Kalshi uses trading caps, but they vary by market. If a market has low liquidity, the pricing is less accurate due to widespread predictions. High-liquidity markets, on the other hand, provide better trading outcomes as prices are more stable.

Recent Kalshi updates

Bookmark this page and return here to stay abreast of the latest updates and news concerning Kalshi.

July 2026: Trading volume on LeBron James' next team reaches $200 million at Kalshi.

July 2026: Kalshi prediction market users risked nearly $1.9 billion on the FIFA World Cup final between Spain and Argentina.

July 2026: The Commodity Futures Trading Commission (CFTC) ordered Kalshi to fulfill open trades in Michigan after a state court order directed the company to cancel certain previously executed trades involving Michigan residents.

July 2026: Defending World Cup champion Argentina is now the least likely team to win the 2026 competition, according to the latest prediction market data from Kalshi.

July 2026: Kalshi takes in over 400 million in trades during the England-Mexico World Cup match.

June 2026: Kalshi is facing scrutiny after reports revealed details of compensation paid to Donald Trump Jr., in the form of about $300,000 shares after he was handed a job at the company.

June 2026: A Michigan court granted a temporary restraining order against Kalshi, barring it from operating or advertising in the state for two weeks.

June 2026: Kalshi partners with ADI Predictstreet, allowing the prediction market operator involvment with the 2026 World Cup. 

June 2026: Kalshi is legally challenging a new law in Illinois that would require the prediction market operator to obtain a state license, arguing it would be “irreparably harmed.” 

June 2026: Wealthsimple is launching Wealthsimple Predict in Canada in partnership with Kalshi, giving Canadians access to the latter's prediction markets.

June 2026: Lionel Messi is helping promote Kalshi's partnership with Argentina's national FIFA World Cup team as the prediction market operator expands its sports marketing efforts.

June 2026: The Nevada Gaming Control Board (NGCB) asked a court to hold Kalshi in contempt and impose fines, alleging it failed to block Nevada users from trading sports, election, and entertainment event contracts.

June 2026: In an effort to curb insider trading, Kalshi will require current employer, industry, and job function information on certain markets.

June 2026: New Mexico Attorney General Raul Torrez has filed a lawsuit against prediction market platform Kalshi, saying the company is offering sports betting services in violation of state gambling laws.

June 2026: Kalshi has been accused of spying and copying the ideas of Polymarket, with the latter having an entire dossier dedicated to instances in which the company believes Kalshi has run afoul.

June 2026: Former Republican congressman George Santos is under investigation by the Department of Justice (DOJ) for allegedly using prediction platform Kalshi to engage in insider trading.

June 2026: An opportunistic New York bar is looking to make customers very happy ahead of the NBA Finals, with prediction market operator Kalshi lending a hand.

May 2026: Spain’s Consumer Rights Ministry temporarily blocked access to prediction market operators Kalshi and Polymarket while it investigates their lack of gambling licenses.

May 2026: NBA player and Kalshi investor Kyle Kuzma called out sports betting operator DraftKings for kicking customers "off the platform for winning.”

May 2026: Four New Mexico tribes sue Kalshi, alleging unauthorized sports betting across tribal lands and jurisdictions.

May 2026: Kalshi, MMA icon Nate Diaz announce partnership ahead of Saturday's Netflix bout, which sees him in the octagon for the first time since 2022.

May 2026: Despite being eliminated in a 4-game sweep of the West Semifinals, Kalshi has LeBron James with just a 23% chance of not returning for a record 24th NBA season.

May 2026: Leading prediction platform Kalshi was named the Official Prediction Market Partner of New York City’s iconic Madison Square Garden.

May 2026: The Wall Street Journal has reported that Kalshi - which had been valued at $11 billion during its previous round of funding - was set to reach a $22-billion valuation. 

May 2026: Maryland maintains sports betting is a state-regulated issue and argues federal law does not override its authority to block Kalshi’s sports prediction markets.

May 2026: A U.S. District Court judge takes Kalshi's side in its dispute with the state of Arizona, keeping Arizona's Attorney General from prosecuting the prediction market platform.

May 2026: Kalshi adds new tools to block minors from prediction markets.

May 2026: Kalshi just landed on TIME's 2026 list of the 100 Most Influential Companies, with the recognition arriving as the prediction markets operator and the entire ecosystem face legal and regulatory issues on multiple fronts.

April 2026: Kalshi has surged to what would make it the fourth-largest U.S. sports betting operator by handle-per-adult, surpassing other major national brands like BetMGM, Caesars, bet365, BetRivers, and theScore Bet.

April 2026: Kalshi shared details of three insider trading enforcement actions associated with its political event contracts by suspending the political candidates for trading on their own races.

April 2026: A roller-coaster Masters golf tournament produced the single biggest sports event in Kalshi's history with a record $545 million traded.

April 2026: Kalshi and Fox Corporation announced a partnership that will incorporate Kalshi’s probability outcomes on political, economic, weather, and cultural markets into the media giant’s linear and digital content. 

April 2026: Kalshi has lost another key court battle in Nevada, keeping the prediction market platform from offering event outcome contracts in the Silver State. 

April 2026: A federal appeals court allowed Kalshi to continue offering sports event prediction contracts in New Jersey by upholding a preliminary injunction against state regulators.

April 2026: Kalshi requested that the intellectual property rights of its requested trademark for the term “prediction market” cover the entire gambling industry.

March 2026: Washington State Attorney General Nicholas Brown filed a lawsuit on Friday, suing prediction market operator Kalshi for illegal gambling.  

March 2026: Kalshi issued new rules, restricting athletes and politicians from trading on its platform in an effort to contain insider trading as prediction markets have come under fire for vague rules and lax enforcement relative to insider trading.  

March 2026: A Nevada court issued a temporary restraining order banning Kalshi from offering sports, election, and entertainment event contracts in the state after regulators argued it was unlicensed sports betting.

March 2026: Prediction market company Kalshi's valuation has reportedly doubled to $22 billion dollars.

March 2026: Arizona charged the prediction market operator Kalshi with 20 criminal counts, ranging from wagers accepted on Arizona men’s and women’s college basketball games, Super Bowl prop bets, and election wagering.  

March 2026: NBA star Devin Booker has partnered with Kalshi to promote a March Madness bracket contest with a $1 billion prize for a perfect entry. 

March 2026: Kalshi is challenging more than a dozen states in court over the legality of its sporting event contracts, filing suits this week against both Arizona and Iowa gaming regulators.

March 2026: An Ohio judge ruled against Kalshi, stating sports contracts aren't swaps, after the prediction market platform attempted to sue the state following cease-and-desist orders.

March 2026: According to reporting by the Wall Street Journal, Kalshi and Polymarket are talking to new investors, which would see valuations shoot up to $20 billion. 

February 2026: Ex-California governor candidate Kyle Langford and MrBeast employee Artem Kaptur received bans and fines for violating Kalshi’s insider information policy.

February 2026: Kalshi filed a federal lawsuit in Utah seeking to prevent expected state enforcement tied to anti-gambling laws.

February 2026: Kalshi discloses an insider trading probe to ensure customer confidence, preparing to disclose disciplinary actions after working through a backlog of potential violations.

February 2026: Kalshi and Polymarket have received a combined $10.6 million in mention market contract purchases on US President Donald Trump's upcoming State of the Union address on Tuesday.

February 2026: The NCAA has raised a dispute with prediction market Kalshi, after the operator was found to have been using its “March Madness” trademark.

February 2026: A Tennessee U.S. District Judge granted Kalshi a preliminary injunction preventing state officials from enforcing state betting laws.

February 2026: The Nevada Gaming Control Board sued Kalshi, arguing sports event contracts constitute unlicensed wagering under state law.

February 2026: NBA commissioner Adam Silver said the league views prediction markets like sports betting operators, so Milwaukee Bucks star Giannis Antetokounmpo did nothing wrong when he became a Kalshi shareholder earlier this month. 

February 2026: Kalshi’s sports event contracts have helped the platform become approximately one-fifth the size of sports betting giant DraftKings, generating $1.3 billion in estimated annualized revenue.

February 2026: In an unprecedented move, NBA star Giannis Antetokounmpo announced that he’s a shareholder of Kalshi, despite active players being forbidden from trading on NBA markets.

February 2026: Amid concerns of inadequate integrity standards, Kalshi announced a major revamp of its surveillance and enforcement structure with a new enforcement policy split into three pillars: detect, investigate, and enforce.

January 2026: Coinbase has rolled out prediction markets nationwide through its partnership with Kalshi, with its prediction market product available to users across all 50 states.

January 2026: Kalshi has reportedly landed its first pro athlete partnership, teaming up with two-time U.S. Open champion Bryson DeChambeau to feature in a TV commercial and other promotional materials.

January 2026: Kalshi is suing the Tennessee Sports Wagering Council (TSWC) after the regulator issued a cease-and-desist order to the prediction market operator January 9th.  

January 2026: In an effort to curb insider trading, Kalshi's CEO endorsed a bill that would ban government officials with access to material nonpublic information from trading prediction market contracts tied to policies, actions, or elections.

January 2026: Prediction market firm Kalshi has begun rolling out a VIP product to retain its highest-volume users, with the program reflecting similar programs offered by crypto platforms and sportsbooks.

Kalshi responsible trading

Kalshi is enhancing its responsible trading framework with new safeguards to prevent minors from accessing prediction markets and to help users manage risk more transparently.

• Default Face ID & KYC Controls

Kalshi is expanding minor-prevention safeguards by making Face ID active by default on its app and continuing to use KYC/customer verification to block underage users. The added biometric layer is intended to reduce account misuse when minors attempt to access the platform using a parent’s or sibling’s identification.

• Selfie Verification & Account Monitoring

The platform is adding selfie checks as an additional layer of protection for higher-risk users, while also allowing account holders to see whether someone else is accessing their prediction-market account. These tools are designed to detect unauthorized use by minors, bad actors, or anyone trading through another person’s account.

• Inner Circle Accountability Tool

Kalshi is introducing “Inner Circle,” a social accountability feature that allows users to share trading activity with trusted friends or family. This builds on existing responsible trading measures, such as risk limitations and self-exclusion, by adding outside visibility and support.

• Personalized Deposit Limits & Proof of Funds

Kalshi will recommend deposit limits based on user activity and look for signs of unhealthy trading behavior. When needed, the platform may educate users about available controls, suggest personalized limits, or request proof of funds as an additional safeguard for responsible trading.

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• FanDuel Predicts: FanDuel teamed with CME Group to launch FanDuel Predicts in December. Check out our FanDuel Predicts promo code review page to learn more
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• Crypto.com: Delivers a $50 bonus for first-time users that doesn't require a Crypto.com promo code.
• ROLR: This newcomer's ROLR promo code will be coming soon.

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