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Kalshi is poised for big things in 2026, and new users can sign up with the Kalshi Promo Code POST for an exclusive offer: Trade $10, Get $15 on any market. The Kalshi promo code is available to new users only and requires a minimum deposit and trading amount to unlock the bonus. Once the Kalshi promo code POST is applied, you generally have 90 days to complete the required $10 in trades.

The first CFTC-regulated exchange dedicated to trading on the outcome of future real-world events, Kalshi is taking things off the field and into the streets by offering punters the opportunity to trade on a wide range of topics like political elections, the economy, and the Nobel Peace Prize. 

Kalshi has developed a new asset class called “event contracts.” Users can buy “Yes or No positions” on prediction market apps with respect to whether an event will happen or not.

This will allow folks to back their opinions on certain real-life events with actual money in a designated contract market.

We’re now into the business end of the World Cup.

Canada, England, Mexico, Paraguay, Morocco, and Brazil have already punched their ticket to the Round of 16, and Team USA will look to join the party by defeating Bosnia and Herzegovina Wednesday night

The Stars & Stripes have not won a knockout match at the World Cup since 2002, and this is the first time that the Americans are a heavy favorite in an elimination game.

That said, the United States just watched Paraguay shock Germany and DR Congo come close to doing the same to England.

You can’t script the World Cup, but you can trade on it.

No matter if you’re going to be trading on futures or game-to-game, new users can use the Kalshi promo code POST to qualify for the promo code: Trade $10, get $15.

You can also trade on all Stanley Cup markets at Kalshi, and don’t forget to use the Kalshi promo code POST.

​​To qualify for the welcome bonus, users must enter the Kalshi promo code POST during the sign-up process and complete the required trading volume.

The benefits associated with the Kalshi promo code are available only to first-time users. You can add a referral or promo code during registration or within 72 hours of signing up. However, the Kalshi promo code POST must be entered before your first deposit to be valid.

Here’s how to do it…

The Kalshi promo code offers a $15 bonus to new Kalshi account holders who sign up using the code POST.

All you have to do is sign up, enter the Kalshi promo code POST, verify your account, and complete at least $100 in trades through Kalshi prediction markets. This can be met through a variety of event contracts, from sports contracts to anything else on the regulated prediction market platform.

New users must be 18 years or older and complete identity verification (KYC) to be eligible for the Kalshi referral code.

The $15 bonus credit typically expires within 30 days if left unused.

The $15 bonus is issued as a non-withdrawable trading credit, but any profits earned from trading with the bonus can be fully withdrawn.

Users have a typical period of 90 days from signup to complete the trading threshold through Kalshi markets (either sports markets, or any other Kalshi markets). Bonus credits associated with the Kalshi promo code expire 30 days after issuance if unused.

Kalshi prediction markets are very different from sportsbooks and other trading platforms. 

Instead of betting on the outcome of a game or a prop, users trade contracts on the outcome of real events in the world, like political elections, award ceremonies, or even inflation rates. Kalshi also includes weather prediction markets, where users can buy or sell event contracts on measurable weather events like temperature levels and precipitation. Unlike sportsbooks, which are regulated by states, Kalshi is a regulated prediction market platform governed by the Commodity Futures Trading Commission (CFTC).

Prices shift on demand, meaning the more money that comes in on a prediction, the shorter the price will get. Kalshi markets, and the event contracts they contain, settle as “yes” if the predicted outcome occurs and “no” if it does not, making the trading process straightforward and binary for Kalshi account holders.

For example, if money pours in on Stephen A. Smith to become the next president, the price on “Yes” will increase, while the price on “No” will decrease.

Another important note about Kalshi is that it allows traders to exit positions early, like a stock exchange. In other words, you can buy into a position, then sell it off later if/when the market moves.

Because Kalshi’s event contracts are classified as financial products, it is legal in many states where traditional sports betting is not permitted.

This is why you may see sports markets on Kalshi (and other prediction market apps) in states where sports betting has not been legalized yet.

No, Kalshi doesn’t list odds like traditional sportsbooks. Instead, Kalshi uses percentage-based pricing. Event contracts can be purchased and sold based on this pricing, which can fluctuate due to newer developments.

It may take some getting used to, but seasoned bettors will know how to convert these percentages to odds by using implied probability.

Here is an example from this year’s college basketball season:

Here’s how a trade settles on Kalshi:

For example, let’s say France is trading at $0.25 to win the 2026 World Cup, and you buy event contracts at that price. Great news, France wins. That means your trade now settles at $1, and you receive $0.75 profit per contract.

The gap between the prices on “Yes” and “No” reflects the uncertainty in the market, meaning that sentiment and liquidity are driving the price, just like in financial markets.

The prediction market industry is still relatively new, especially in the United States, but it is already competitive.

Kalshi’s main competitor is Polymarket, which is a crypto-based platform that, like Kalshi, allows users to trade on real-world events. Polymarket made some headway thanks to a sleek interface and strong user community, but it has faced regulatory hurdles in the United States.

Another rival is Predictit, which is known mostly for offering markets on political events like presidential elections, senatorial races, and more.

Kalshi has a couple of distinct advantages over other prediction markets.

First, Kalshi, along with Polymarket, is one of the flagship platforms in the space. Think of it like FanDuel and DraftKings in sports betting. They were ready for the boom and have the biggest user bases in the industry. That’s a huge head start and allows the company to work on other things while other prediction markets are catching up.

Another huge advantage is that Kalshi, like its name would explain, offers a tremendous variety of markets. Whether in sports, pop culture, or politics, very few prediction markets can compete with the variety of offerings on Kalshi.

Kalshi’s app currently boasts a 4.7-star review on the Apple App Store and a 4.7-star review on the Google Play Store.

Most reviewers give positive feedback about the sleek interface of the Kalshi app. They also cite the wide menu of Kalshi markets, from sports markets to those focusing on politics and pop culture.

Most of the negative feedback points to the app glitching, poor customer support, and the different rules for specific markets offered on the platform.

Pros

The most obvious thing that Kalshi has going for it is that it is regulated by the Commodity Futures Trading Commission (CFTC), and that is a prediction market, which allows it plenty of flexibility to come up with unique, creative markets.

At any given time, you can find prediction markets on elections around the world, pop culture happenings, and, of course, event contracts available on sporting events. Sports contracts are a huge draw at Kalshi, and new users have flocked to it in droves.

Another pro for Kalshi is that it is operating in several states, including many that don’t offer legalized sports gambling. This provides an outlet for users in those states to trade on sporting events, like March Madness 2026.

In terms of the user experience, Kalshi has an intuitive, easy to navigate platform, that packs plenty of information for the user to parse through.

Cons

The most popular complaint with Kalshi is how it lists percentages for outcomes. As a trading platform, Kalshi doesn’t offer traditional odds, adding a layer of legwork for those who are more accustomed to reading American odds.

It is hard to pin down just how big the prediction market is, especially since it is naturally compared to the sports gambling space, but the emergence of Kalshi and some of its competitors points to this being the beginning stage of what could be quite the boom in the prediction market industry.

There are certainly things to monitor, most notably the fluid nature of gambling and trading regulations, but the momentum is certainly behind Kalshi and companies that offer similar markets.

There have also been reports that some of the giants in the sports betting space, most notably DraftKings, has expressed legitimate interest in exploring the opportunities in the prediction market industry.

DraftKings was warned against taking that route, but it’s still early days in this industry, and it wouldn’t be a surprise to see one of the gaming giants to find a way into the business. We’ve already seen DraftKings acquire a lottery company, JackPocket, in recent years.

Whether or not those days come soon, or ever, remains to be seen, but one thing is for sure: The emergence of Kalshi and other prediction markets has changed the way we look at the gambling industry.

Yes. Kalshi operates under federal oversight from the Commodity Futures Trading Commission (CFTC), making it one of the only federally regulated prediction markets available to U.S. users. Sign-up requires personal information like name and address. Verification may also require a photo ID.

Note: The minimum deposit is $10

Crypto transfers on Kalshi can be processed within 30 minutes, with variable fees depending on the transaction. Deposits via bank transfer can take 2-4 business days to process, while wire transfers can be completed on the same business day or the next.

As of May 2026, Kalshi is available in most U.S. states, but the platform is currently restricted in several jurisdictions. The Kalshi promo code is unavailable in certain U.S. states, including Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, New Jersey, and Ohio.

Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories.

Kalshi is available in most U.S. states, but it is currently restricted in several jurisdictions, including Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, Nevada, and Ohio.

Kalshi charges approximately ~$0.07 per contract for trading fees, capped at $1.75 per 100 contracts.

Contracts priced around the 40¢ to 60¢ range incur higher relative fees due to market uncertainty.

Kalshi charges a 2% processing fee for deposits and withdrawals made via debit card and Google Pay, while bank transfers incur no fees.

To avoid deposit fees, Kalshi users should utilize online banking transfers or wire transfers instead of debit cards or Apple Pay.

Kalshi translates to “everything” in Arabic, which is appropriate given the company’s strategy. Kalshi wants there to be a market for just about every situation in life, politics, pop culture, sports, and entertainment.

Kalshi offers a diverse range of prediction markets that include sports, politics, economics, weather, and entertainment, allowing users to trade contracts based on real-world outcomes. In sports markets, users can trade contracts on outcomes in major leagues such as the NFL, NBA, MLB, and NHL, as well as on college sports events.

Some examples:

Kalshi was founded in 2018 by MIT students Tarek Mansour and Luana Lopes Lara.

Although it was founded in 2024, Kalshi didn’t get regulatory approval from the Commodity Futures Trading Commission (CFTC) until November 2020. It was launched to the public in the following year.

Officially, Kalshi has been around for seven years, but it really started to gain steam around the 2024 Presidential Election, and then again during the Papal Conclave.

The ability to set a market for events like elections makes Kalshi a go-to resource for media to discuss the probability of an outcome during these massive events.

Yes. Kalshi offers a referral program where existing users can earn $25 for each friend they refer who registers and meets trading requirements.

Unfortunately, Kalshi has no long-running promotions for existing users. If you’re looking for a bonus to use on prediction markets through the Kalshi app, this is the best way to do that.

Kalshi reported an $11 billion valuation on Dec. 2, 2025.

At the time, the company announced a funding round of $1 billion at an $11 billion valuation led by Paradigm, with participation from Sequoia, Andreessen Horowitz, Meritech Capital, IVP, ARK Invest, Anthos Capital, CapitalG, and Y Combinator.

The company announced that it’s trading volumes had surpassed $1 billion every week, which was up over 1000% from 2024.

Kalshi announced that they had users trade in over 3,500 markets per week in 2025.

Outside of sports, the most popular trading markets on Kalshi have to do with politics, specifically elections. Kalshi’s political markets allow users to trade contracts related to election outcomes, control of Congress, and other significant political developments, making it a popular platform for political predictions. Economic markets on Kalshi enable traders to speculate on various economic indicators, including inflation, unemployment rates, and interest rate decisions, reflecting the platform’s broad scope beyond just sports.

Kalshi’s partnership with CNN, which was announced in 2025, further legitimized Kalshi as a tool for projecting elections, as the prediction market called the recent New York City Mayoral Election, which was won by Zohran Mamdani, eight minutes before the polls closed. No traditional media outlet would call the election for another few hours.

In addition to CNN, Kalshi has signed partnership deals with CNBC, FOX News, and the NHL.

Kalshi offers customer support through an in-app chat feature, which allows users to start new chats or view active chats with the support team. Users can access in-app support by tapping ‘Kalshi Support’.

Users can also reach Kalshi customer support via email at support@kalshi.com, and the support team is described as being U.S.-based and human. Users can also reach support via Discord.

Kalshi has a detailed FAQ section for user assistance. It details various topics such as markets, banking methods, and account information, enhancing user access to support resources.

Kalshi also provides a help center that details various topics such as markets, banking methods, and account information, enhancing user access to support resources.

Note: You must make an initial deposit to access Kalshi’s customer support.

Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in IL, MD, MT, NJ and OH.

Michael Leboff is a long-suffering Islanders fan, but a long-profiting sports bettor with 10 years of experience in the gambling industry. He loves using game theory to help punters win bracket pools, find long shots, and learn how to beat the market in mainstream and niche sports.