You’ve heard a lot about Kalshi and "prediction markets" over the last few months. What is Kalshi? And today of all days: How do you trade on the Seattle Seahawks vs. New England Patriots in the Super Bowl?
Kalshi is not a sportsbook; it’s a federally regulated prediction market. That distinction might sound like legal hair-splitting, but it changes everything when it comes to making Super Bowl predictions.
Here is exactly what Kalshi is and how to trade the Seahawks vs. Patriots matchup without getting fleeced by the juice.
What is Kalshi and how to trade on the Super Bowl
Forget the confusing moneyline math where -115 means something entirely different from +105. Kalshi simplifies the chaos of the Big Game into a single, binary truth: Yes or No.
Start trading with Kalshi today!
Sign up now using our exclusive Kalshi promo code 'COVERS' and get a $10 trading bonus after you trade $10 on any other event contracts — including the Big Game!
*Eligible U.S. locations only
The platform operates on the $1.00 Rule. Every contract settles at exactly $1.00 if the event happens, or $0.00 if it doesn’t.
The price you pay represents the market’s collective belief in the probability of that event.
If a contract for "Seahawks to Win" is trading at $0.68, the market is telling you there is a 68% chance Seattle wins.
- If you buy Yes: You pay $0.68. If Seattle wins, you get $1.00. That’s a 32-cent profit per contract (a 47% return).
- If you buy No: You are effectively betting on the Patriots. You pay $0.32. If New England wins, you get $1.00.
It is efficient. There are no point spreads to push, no vig eating your profits, and no sportsbook banning you for winning too much.
Enjoying Covers content? Add us as a preferred source on your Google accountPro Tip: Always check the "Bid/Ask" spread. A tighter spread means high liquidity, which is exactly what you want for a massive event like Super Bowl 60.
Key Takeaways
- Legal in all 50 states: Stop worrying about geo-blocks or VPNs. Kalshi is federally regulated, meaning you can legally trade on the Super Bowl from anywhere in the US — including California and Texas.
- The $10 bonus: We’ve made it easy to get skin in the game. Sign up, trade $10 on the Seahawks vs. Patriots, and get a $10 bonus instantly with the Kalshi promo code COVERS.
- No house edge: You aren't betting against a bookie; you're trading against other fans. That means no "vig," often better odds, and the ability to sell your position mid-game to lock in a profit.
- Binary simplicity: Forget confusing moneyline math. Every contract is a simple "Yes" or "No" that pays out exactly $1.00 if you’re right, allowing you to trade on pure probability.
Is there a Kalshi Promo Code? Claim your $10 bonus with ‘COVERS’
If you are new to event contracts, Kalshi offers a low-stakes way to learn the ropes.
The current standard offer for Super Bowl 60 is simple: Trade $10, Get $10 using the promo code COVERS.
How to claim your Kalshi promo code
- Sign Up: Create an account. You will need to verify your identity with your SSN (required for federal regulation) - don’t forget to use the Kalshi promo code COVERS.
- Deposit: Link your bank account and deposit USD.
- Trade: Place at least $10 worth of trades on any Super Bowl market.
- Bonus: The credit hits your account.
Pro Tip: Make sure you enter the promo code during the sign-up process, not after.
Kalshi vs sportsbooks
The biggest difference? No house edge.
Traditional sportsbooks bake a margin into their lines. If you bet a coin flip, you have to risk $11 to win $10. On Kalshi, you are trading directly with other users. If you want to buy at 50 cents, someone else has to sell at 50 cents.
This peer-to-peer structure means you can often find "better" odds than what DraftKings or FanDuel are offering. Plus, you can sell your position mid-game. If the Seahawks score early and that $0.68 contract jumps to $0.80, you can sell instantly and lock in the profit.
Seahawks vs. Patriots: Current Kalshi markets
Traders have been active in Big Game markets for weeks, and they have a particular script in mind for Super Bowl 60.
The market has settled on the Seahawks as roughly 4.5-point favorites, aligning with the consensus, but the lack of vig makes the moneyline equivalent much more attractive here.
Beyond the better pricing, the main draw is the sheer variety of "exotic" markets that regulated sportsbooks often can't touch.
Because Kalshi is a financial exchange, they can list markets on things that aren't strictly "sports stats."
- The Halftime Show: Will Bad Bunny perform a specific song first?
- The commercials: Which crypto brand will waste millions on a 30-second spot?
- The broadcast: How many times will the announcers mention "Dynasty"?
These are often softer markets than the efficient point spread, meaning a sharp trader with some pop culture knowledge can find a real edge.
Why Trade on Kalshi for Super Bowl LX?
Hedging Your Bets
Smart bettors use Kalshi as an insurance policy. If you have a futures ticket on the Patriots to win the Super Bowl at +2000 from the preseason, you are sitting pretty. But you don't want to walk away with nothing.
You can buy "Seahawks to Win" contracts on Kalshi to hedge. If Seattle wins, your Kalshi contracts pay out $1.00, covering your lost future. If New England wins, your big ticket cashes.
Conversion Table: Kalshi Price to Odds
If you still think in American odds, we got you. Here is a translation guide:
| Kalshi price | Probability | American odds |
|---|---|---|
| $0.10 | 10% | +900 |
| $0.25 | 25% | +300 |
| $0.50 | 50% | +100 (EVEN) |
| $0.75 | 75% | -300 |
| $0.90 | 90% | -900 |
Frequently Asked Questions
Is Kalshi legal in my state?
Yes. Kalshi is federally regulated, meaning it operates legally in all 50 states—including those that have yet to legalize traditional sports betting.
Can I sell my trade before the game ends?
Absolutely. You can sell your position at any time to cut losses or lock in a profit.
How do I withdraw my winnings?
Funds are withdrawn directly to your bank account via ACH.
