Prediction Market Promos for Trading On The 2026 US Midterms: Earn $480 in Bonus Funds

Joshua Howe - Content Manager at Covers.com
Joshua Howe • Content Manager 5+ years betting experience
Updated: Oct 30, 2026 , 07:00 PM ET • 3 min read

Claim the best prediction promos for the US Midterms. Compare prediction market promos from top apps and sign up before Nov. 3.

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

Election Day is Tuesday, Nov. 3, and new users can lock in welcome offers across the top trading apps today. Our prediction market promos guide breaks down every deal, from sign-up steps to trading requirements. Download any of the best prediction market apps on iOS or Android, create an account, fund it, and place a qualifying trade to unlock your reward.

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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US Midterms Prediction Market Promos

With all 435 House seats and 35 Senate seats on the ballot Tuesday, Nov. 3, the midterms are drawing heavy attention on the best prediction market sites. As of Friday, Oct. 30, Kalshi listed Democratic House control at 93%, while Polymarket showed 94% with roughly $31 million traded. Here are the best predictions promos available to new users right now.


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: Trade $25, Get $60

Eligible new customers can use the Kalshi promo code MAX60 to claim the Trade $25, Get $60 sign-up offer. Kalshi lets users trade contracts on sports, politics, economics, and pop culture, including midterm control markets.

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 promo 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 promo 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 choose a payment method. You must deposit at least $10.
  3. Trade: Browse the available markets and transact at least $25 on Kalshi's Predictions product.
  4. Use your bonus and withdraw: After using the bonus credit, you can withdraw eligible cash proceeds through the "Transfers" section, but not the original bonus credit.

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: Deposit $10, Get $25 Trading Bonus

New users can enter the Polymarket promo code COVERS during registration to unlock a $25 trading bonus. The offer requires a $10 deposit and a real-money trade on an eligible market.

Key terms and conditions:

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

How to claim the Polymarket offer:

  1. Register through a link on this page: Click "Sign Up," enter promo code COVERS, and enter the verification code sent to your 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, including sports, politics, and news.
  4. Access your bonus funds: Once the requirements are met, your $25 trading bonus is 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

The FanDuel Predicts promo code offer applies automatically, so no code is required. Eligible new users can earn up to $100 in Predicts Bonus by making a deposit and completing qualifying $1 real-money trades over five days.

Key terms and conditions:

  • The offer is only valid in AK, AL, CA, DE, FL, GA, HI, ID, MN, NE, NM, ND, OK, RI, SC, SD, TX, and UT.
  • The promotion runs from Aug. 24, 2026 at 1:00 PM ET through Oct. 20, 2026 at 11:59 AM ET.
  • You must sign up for a new FanDuel Predicts account, make a deposit, and complete a qualifying $1 real-money trade.
  • You receive an initial $20 Predicts Bonus, then earn another $20 for each of the next four days you complete a qualifying trade, up to $100 total.
  • Each $20 Predicts 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 requirement.
  • The Predicts Bonus is non-withdrawable, but cash payouts from successful bonus trades are withdrawable.
  • Unused bonus is removed from the account one day after it is credited.
  • Users who previously signed up for a FanDuel account or made a prior trade are not eligible.

How to claim the FanDuel Predicts offer:

  1. Register: Use the FanDuel Predicts claim link to create an account. No promo code is required. Be ready to provide your birth date, Social Security number, home address, and a photo of a government-issued ID.
  2. Deposit and make qualifying trades: Make a deposit, then complete a qualifying $1 real-money trade to earn your initial $20 Predicts Bonus. Trade at least $1 on each of the next four qualifying days to earn $20 per day.
  3. Track your 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: Trade $50, Earn $75

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

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 promo 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. Create your account: Launch the ProphetX app on the App Store or Google Play Store, or use the desktop site, and click "Register." Provide your full name, date of birth, mailing address, Social Security number, phone number, and a photo of your driver's license or passport. Enter promo 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 your trades.
  4. Receive $75 in bonus funds: Use your bonus funds to keep trading on eligible markets.
  5. Withdraw winnings: Once all conditions are met, select "Withdraw" and choose from the available vendors. 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

Offer details for the Underdog promo code were not available at the time of publication. Visit the linked page for the latest terms and sign-up steps before creating an account.

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: Trade $25, Get $50 Bonus

The OG promo code COVERS gives new users access to up to $50 in trading bonuses after making a $25 trade on the prediction market app.

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 to claim this promo.
  • Make a minimum deposit of $10.
  • Place a trade of at least $25 within seven days of KYC approval, and the 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 from the trading volume.
  • The offer is available to all new users.

How to claim the OG offer:

  1. Register and enter promo code COVERS: Visit OG.com, click "Sign Up," verify your email address and mobile phone number, and create a passcode. Complete identity verification with your full name, date of birth, address, and the last four digits of your Social Security number.
  2. Deposit funds: Choose a funding method such as a debit card, Apple Pay, Google Pay, ACH bank transfer, or wire transfer. Deposit enough cash to cover the $25 qualifying trade.
  3. Place a qualifying trade: Choose a market that settles within seven days of account verification and place a trade of at least $25 while the contract is priced below 80% probability.
  4. Withdraw earnings: Open your portfolio, select "Withdraw," link a bank account through Plaid, and enter an amount from your eligible cash balance. The welcome offer is issued as a trading bonus, so check those balances separately.

No. 7: Plus500

Trade $10, Get $20 Bonus
Code: COVERS

Terms & Conditions apply.
.

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

New customers can enter the Plus500 promo code COVERS to activate a $20 bonus after a $10 trade. The offer is limited to the first 5,000 customers.

Key terms and conditions:

  • The offer is for new customers only.
  • It 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 promo 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, with 5,000 claims available.
  • 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, open a real-money account, enter your basic information, and create your login.
  2. Enter 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, Social Security number, and more.
  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 your account activity: Monitor the status of your bonus 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 $50 Bonus

The Crypto.com promo code offer applies automatically through the eligible sign-up link, so no code is needed. New users who make a minimum $10 deposit can receive a matched 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.
  • Registration requires personal information, such as your legal name and email address, and proof of ID.
  • Make a minimum initial deposit of at least $10, and Crypto.com will match your stake in a bonus of up to $50.
  • 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 and open it to begin registration through the eligible sign-up link. Complete KYC verification by confirming your phone number and providing 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. Go to your account, select "Transfer," choose "Withdraw Funds," and pick a linked payment method.

The US Midterms arrive Tuesday, Nov. 3, and each offer above is available to new users who meet the eligibility requirements. Review the terms for your state, complete registration and verification, and place your qualifying trade before the election.

Check each platform for the latest terms, as eligibility and availability can change.


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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