Election Trading Prediction Market Promos: Earn Over $400 in Bonus Funds for Trading on the 2026 Midterms

Joshua Howe - Content Manager at Covers.com
Joshua Howe • Content Manager 5+ years betting experience
Updated: Oct 31, 2026 , 07:00 PM ET • 3 min read

Claim the best predictions market promos for the US Midterms, with welcome offers from Kalshi, Polymarket, ProphetX, and more.

Claim prediction market welcome bonuses by signing up today!
Photo By - Claim prediction market welcome bonuses by signing up today!

Looking to get in on Election Day action? The latest prediction market promos let new users claim welcome offers ahead of the U.S. midterm elections on Tuesday, Nov. 3. Download any of the best prediction market apps below, register, make a qualifying deposit and trade to unlock your bonus.

Our best prediction market promos

Top 8 Prediction Markets Welcome Offers Claim Now
Kalshi $60 Trading Bonus Claim $60 with code 'MAX60'
Polymarket Deposit $10, Get $25 Bonus Claim $25 with code "COVERS"
FanDuel Trade $5, Get $100 in Predicts Bonuses Claim $100
ProphetX Trade $50, Earn $75 Claim $75 with code "COVERS"
Underdog Play $10, Get $50 in Bonus Entries Claim $50 with code "COVERS"
OG.com Trade $25, Get $50 Bonus Claim $50
Plus500 Trade $10, Get $20 Bonus Claim $20 with code "COVERS"
Crypto.com Unlock $50 Bonus Claim $50

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Best Predictions Promos for the US Midterms

With all 435 House seats and 35 Senate seats on the ballot, the midterms are a major draw on the best prediction market sites. As of Saturday, Oct. 31, Kalshi lists Democratic House control at 93%, while Polymarket shows 94% with about $31 million traded. Each of the best predictions promos below includes terms and steps to get started.


No. 1: Kalshi

*Certain limitations apply. The offer is available to new users only, subject to the terms and conditions at http://kalshi.com/tc/55. 18+ only. Restrictions and eligibility requirements apply. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Kalshi products are not available in all jurisdictions. See kalshi.com/regulatory for more information

Kalshi Promo Code MAX60: Trade $25, Get $60

Enter the Kalshi promo code MAX60 during registration to claim the Trade $25, Get $60 offer. Kalshi lets users trade contracts on sports, politics, breaking news, economics and pop culture.

Key terms and conditions:

  • The offer is available in all states except Nevada and Washington.
  • You must be physically present in an eligible location.
  • New customers can use either the code MAX60 or an eligible referral link, but not both.
  • The offer is limited to one per Kalshi account.
  • You must provide a government-issued ID or passport, along with a selfie 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 $60 bonus is credited regardless of whether the qualifying transactions win or lose.
  • Bonus credit cannot initially be withdrawn, must be used on Kalshi's Predictions product, and expires seven days after it is granted.

How to claim the Kalshi offer:

  1. Sign up and verify: Select "Sign Up," enter the code MAX60 and provide your date of birth, phone number, location, Social Security number and a photo ID with a selfie.
  2. Deposit: Click "Deposit Cash" in your Kalshi wallet and add at least $10 using your preferred payment method.
  3. Trade: Browse the available markets and transact at least $25 on Kalshi's Predictions product.
  4. Withdraw earnings: After using any bonus credit, you can withdraw eligible cash proceeds, but not the original bonus credit. Open the "Transfers" section, choose "Withdraw Funds," select a linked payment method and enter the amount.

No. 2: Polymarket

 Polymarket Logo 

Deposit $10, Get $25
Code: COVERS

18+ Only. Restrictions and eligibility requirements apply. Not available in all jurisdictions. Trading is risky. 100% loss can occur. See https://polymarket.com/tos for more information. The Polymarket US App serves as an independent software provider and affiliate of Polymarket US and Polymarket Clearing, the CFTC-regulated exchange and clearing organization.

Polymarket Promo Code COVERS: Deposit $10, Get $25

Use the Polymarket promo code COVERS in most U.S. states to claim a $25 trading bonus. The offer requires a $10 deposit to unlock the reward.

Key terms and conditions:

  • You can claim the offer in all states except Nevada.
  • You must be physically located in an eligible location.
  • You must sign up with the code COVERS to trigger the offer.
  • You must provide proof of ID, including a photo of a driver's license or passport along with a selfie holding that ID.
  • Make an initial deposit of $10.
  • The code must be entered during registration, as promo codes generally cannot be applied retroactively.
  • Once you meet the 1x playthrough requirement of the bonus, any profit from your trades can be withdrawn as cash.

How to claim the Polymarket offer:

  1. Register through a link on this page: Click "Sign Up," input the code COVERS and enter the code from the verification email. You can also register with a crypto wallet such as MetaMask.
  2. Make a qualifying deposit: Deposit $10 or more using a debit card, bank transfer (ACH), Apple Pay or crypto.
  3. Place your first trade: Complete a real-money trade on any eligible market.
  4. Access your bonus funds: If the requirements are met, your $25 trading bonus will be credited and ready for your next trades.

No. 3: FanDuel Predicts

 FanDUel 

Trade $5, Get $100 in Predicts Bonuses

Restrictions and eligibility requirements apply. The offer is available to new users only, subject to the terms and conditions specified by FanDuel Predicts. 18+ only. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. FanDuel Predicts products are not available in all jurisdictions.

FanDuel Predicts Promo Code: Trade $5, Get $100 in Predicts Bonuses

No code is needed for the FanDuel Predicts promo code offer, which applies automatically. Eligible new users can earn up to $100 in Predicts Bonus by creating an account, making a deposit, and completing a qualifying $1 real-money trade.

Key terms and conditions:

  • The offer is valid only in AK, AL, CA, DE, FL, GA, HI, ID, MN, NE, NM, ND, OK, RI, SC, SD, TX and UT.
  • Users who previously signed up for a FanDuel account or used one to make a prior trade are not eligible.
  • The promotion runs from Aug. 24, 2026 at 1:00 PM ET through Oct. 20, 2026 at 11:59 AM ET.
  • Eligible users receive an initial $20 Predicts Bonus, then another $20 for each of the next four days they complete a qualifying $1 real-money trade, up to $100 total.
  • Each qualifying $20 bonus can take up to 72 hours to credit.
  • Trades made with site credit, bonus credit or another promotional bonus do not count toward the trade requirement.
  • The Predicts Bonus is non-withdrawable, but cash payouts from a successful bonus trade can be withdrawn.
  • Any unused portion of the bonus is removed one day after it is credited.

How to claim the FanDuel Predicts offer:

  1. Register: Use the FanDuel Predicts claim link to create an account and provide the requested personal information and ID.
  2. Deposit and make qualifying trades: Make a deposit, then complete a qualifying $1 real-money trade to earn the initial $20 bonus. Repeat a $1 trade on each of the next four days to earn up to $100.
  3. Track bonus and payouts: Manually select the Predicts Bonus in the trade slip so it is used before deposited funds.

No. 4: ProphetX

 ProphetX Logo 

Earn $75
Code: COVERS

Federally regulated. Live nationwide. Trading sports event contracts involves substantial risk of loss and is not appropriate for all investors. Past results are not necessarily indicative of future results. You should consider whether trading is appropriate for you in light of your financial circumstances. ProphetX is a CFTC-regulated designated contract market. Full risk disclosure available at prophetx.co/risk.

ProphetX Promo Code COVERS: Trade $50, Earn $75

Register with the ProphetX promo code COVERS to get a $75 trading bonus. You need to deposit at least $50 and trade at least $50 in event contracts to unlock the reward.

Key terms and conditions:

  • The offer is available in all states plus DC, excluding Nevada.
  • You must be physically present in an eligible location.
  • You must sign up with the code COVERS to trigger the offer.
  • You must provide a government ID or passport, along with a selfie holding that ID.
  • Make an initial deposit of $50 or more and trade at least $50 in event contracts.
  • Once you complete $50 in trades, the $75 bonus is credited regardless of whether those trades win or lose.
  • The offer is ongoing.

How to claim the ProphetX offer:

  1. Click our link and create your ProphetX account: Open the app or desktop site, click "Register" and provide your full name, date of birth, mailing address, Social Security number and phone number, plus a photo of your driver's license or passport. Enter the code COVERS and confirm the one-time PIN sent by text.
  2. Deposit: Go to the banking section, choose a payment option and deposit at least $50.
  3. Make your first $50 trade: Browse the available markets and place trades totaling $50.
  4. Receive $75 in bonus funds: Use your bonus funds to keep trading prediction markets.
  5. Withdraw winnings: Once all conditions are met, select "Withdraw," choose a vendor and enter the amount. Claims are processed within five business days.

No. 5: Underdog

Play $10, Get $50 in Bonus Entries
Code: COVERS

Must be 18+ (19+ in AL, NE; 19+ in CO for some games; 21+ in AZ, MA, and VA) and present in a state where Underdog Fantasy operates. Terms apply. Offer not valid in MD, MI, NJ, NY, OH, and PA. Concerned with your play? Call 1-800-MY-RESET or 1-800-GAMBLER or visit www.ncpgambling.org; AZ: 1-800-NEXT-STEP (1-800-639-8783) or text NEXT-STEP to 53342; NY: Call the 24/7 HOPEline at 1-877-8-HOPENY or Text HOPENY (467369).

Underdog Promo Code

The Underdog promo code page on Covers has the latest welcome offer details for new users. Check the page for the current offer, eligibility rules and sign-up steps before registering.

No. 6: OG.com

OG.com Logo

Trade $25 & Get $50
Code: COVERS

 

Campaign period: Extended. The promotion expires seven days after account verification, and only events settled within this seven-day window are eligible. Each qualifying trade must be worth at least $10 and have a probability below 80%. Trades at or above 80% probability will not count. Trades are counted only after they have settled, and trades placed using rewards are not eligible.

OG Promo Code COVERS: Trade $25, Get $50 Bonus

Enter the OG promo code COVERS during registration to claim up to $50 in trading bonuses after making a $25 trade.

Key terms and conditions:

  • The offer is available in all U.S. states except NY and AZ. Users in IL, MA, MD, MI, NJ, NV and OH may claim the bonus but cannot use it for sports trading.
  • You must be physically located in a legal OG state.
  • Make a minimum deposit of $10.
  • Place a trade of at least $25 within seven days of KYC approval.
  • Your qualifying trade must settle within seven days of account verification.
  • Only trades with a probability below 80% qualify, and contracts purchased at $0.80 or higher are excluded.
  • The offer is available to all new users.

How to claim the OG offer:

  1. Register and enter the code COVERS: Visit OG.com, click "Sign Up," verify your email address and mobile phone number, create a passcode and complete identity verification. Enter the code COVERS during registration.
  2. Deposit funds: Choose a funding method such as a debit card, Apple Pay, Google Pay, ACH or wire transfer and deposit enough to cover the $25 qualifying trade.
  3. Place a qualifying trade: Choose a market that will settle within seven days of account verification and place a trade of at least $25 below the 80% probability limit.
  4. Withdraw earnings: Review your cash and promotional balances, select "Withdraw," link a bank account through Plaid and enter an amount from your eligible cash balance.

No. 7: Plus500

Trade $10, Get $20 Bonus
Code: COVERS

Terms & Conditions apply.
.

Plus500 Promo Code COVERS: Trade $10, Get $20 Bonus

Use the Plus500 promo code COVERS to activate a $20 bonus after a $10 trade. The offer is for new customers only.

Key terms and conditions:

  • The offer is available in all states plus DC except AZ, CT, IL, IA, KY, MD, MA, MI, MN, MT, NV, NM, NY, OH, RI and TN.
  • Enter the code COVERS during registration.
  • Make a minimum deposit of $10 and complete a $10 qualifying trade.
  • The bonus is issued as trading credit that arrives within seven days.
  • The offer is limited to one per person and the first 5,000 customers.
  • The offer expires Oct. 31, 2026.
  • The $20 Prediction Markets bonus is eligible for withdrawal.

How to claim the Plus500 offer:

  1. Sign up and verify: Use the Covers Plus500 link and open a real-money account with your basic information and a Plus500 login.
  2. Enter the promo code COVERS: Look for the promo code field before making a deposit.
  3. Complete identity verification: Be prepared to provide your address, contact information and Social Security number.
  4. Fund your account: Deposit at least $10, plus enough to cover applicable fees.
  5. Complete $10 in qualifying trades: Make the minimum trade required to release the bonus.
  6. Check account activity and receive your bonus: Monitor the bonus status and use the $20 on eligible markets.

No. 8: Crypto.com

Unlock $50 Bonus

Restrictions and eligibility requirements apply. The offer is available to new users only, subject to the terms and conditions specified by Crypto.com. 18+ only. Event contract trading involves significant risk and is not appropriate for everyone. Please carefully consider if it is appropriate for you in light of your personal financial circumstances. Crypto.com products are not available in all jurisdictions.

Crypto.com Promo Code: Unlock Up to a $50 Bonus

No code is required for the Crypto.com promo code offer, which applies automatically through the eligible sign-up link. A minimum deposit of $10 is required, and Crypto.com will match your stake in a bonus of up to $50.

Key terms and conditions:

  • The offer is available in most states plus DC, except AR, AZ, CT, IL, LA, MA, MD, MI, NV, NY and OH.
  • No referral code is required to access the offer.
  • Registering requires personal information, such as your legal name and email address, and proof of ID.
  • Make a minimum initial deposit of at least $10.
  • The offer is ongoing and has no expiry date.

How to claim the Crypto.com offer:

  1. Register: Download the Crypto.com app from the App Store or Google Play, create your account through the eligible sign-up link and complete KYC verification with your phone number and a government-issued ID.
  2. Deposit funds: Deposit at least $10 using ACH, bank transfer, Visa, Mastercard, Apple Pay, Google Pay or crypto such as Bitcoin, Litecoin or Ethereum.
  3. Start trading: Open the "Sports" tab in the Crypto.com predictions marketplace, pick a market and buy or sell a contract.
  4. Withdraw winnings: After the event concludes, you receive a set payment for each profitable contract. Open the "Transfer" section, select "Withdraw Funds," choose a linked payment method and enter the amount.

The U.S. midterm elections on Tuesday, Nov. 3 give new users a timely reason to explore prediction markets. Review each offer's terms, confirm eligibility in your state and register before Election Day to claim your welcome bonus.

Prediction market prices can change as trading continues, so check each platform for the latest details before placing a trade. Choose the offer that fits your preferred deposit and trade amounts, and follow the steps above to get started.


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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Joshua Howe - Covers
Content Manager

Joshua Howe is a content manager at Covers, helping make smarter sports bettors since 2021. An experienced writer and editor, he has developed a sterling reputation within the iGaming space as a meticulous and thoughtful content creator, consistently focused on editorial leadership and strategy, engaging diverse audiences, providing authoritative industry analyses, and crafting compelling stories across multiple mediums. He has reviewed over 30 sportsbooks and has been placing his own wagers for four years and counting.

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