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- Kalshi referral code and details
- Kalshi Prediction Market overview
- How do I use the Kalshi referral code to sign up?
- Tips to make the most of your Kalshi referral code offer
- Kalshi incentive programs for existing traders
- In which states is the Kalshi welcome bonus available?
- Is the Kalshi referral program legitimate?
- Kalshi referral code FAQ
- Final thoughts on the Kalshi referral code offer
Kalshi referral code and details
Unlike the offer described in our Robinhood Prediction Markets review, the Kalshi referral bonus doesn’t have a universally fixed amount. When you share your code with friends, you’ll both get a reward in the form of Referral Credits.
These are non-cashable credits that you can use to buy event contracts for a range of prediction markets, including sports, politics, and others. The details of what promotion is available with your unique referral code can be found in your account.
Once credited, your Referral Credits expire after 30 days if unused. Moreover, there is a cap on the number of successful referrals you can make. Again, you can find this on your account.
After your friend has signed up using their unique referral code, they must complete KYC verification and the state trading requirement to activate the bonus. Once more, the exact details of these T&Cs are specific to your account and refer-a-friend code.
We’ve provided you with a summary of the key details:
- Bonus type: Referral Credits
- Total amount: Varies by account
- VIP & additional rewards: Trading and liquidity incentive programs
Terms and conditions of the Kalshi referral code offer
As we explained, the exact amounts and bonus terms will be specified on your account as they are unique to your referral code. However, here’s a detailed rundown of the key T&Cs that will always apply to this referral program at one of the best prediction markets:
- Your friend must register using your referral code
- If they don’t use the code during registration, they have 72 hours to retrospectively apply the code
- Friend must complete full KYC by uploading photo ID, a selfie, and entering their Social Security Number (SSN)
- Your friend must complete the trading requirement after completing KYC
- Referral Credits are non-cashable
- Referral Credits expire after 30 days if unused
- There’s a lifetime maximum cap on the number of referrals you can make with your code
Pros and cons of the Kalshi referral deal
Now that we’ve covered the basics of this referral program, here’s our summary of the pros and cons
- You and your friend get a bonus
- Generous 30-day time limit for Referral Credits
- Bonus is unique to each account
- Referral Credits are non-cashable
Editor's Note
I was initially disappointed to find no sign-up offer or welcome incentive for all new players. However, if you have a friend with a code, you can get some Referral Credits when you sign up. At the other end, you can then share your code with friends to get a promotion.
Kalshi Prediction Market overview
If you want to read more about this prediction market in detail, you can read our full Kalshi review. However, to give you a brief overview of the key points, we’ve created this table:
| 📈 Prediction market site: | Kalshi |
| 🧑⚖ Regulation: | Commodity Futures Trading Commission (CFTC) |
| 🇺🇸 Legal in the US: | Yes ✅ |
| 🔞 Age limit: | 18+ |
| 🏆 Referral bonus: | Varies |
| 🎁 Incentive programs: | Yes |
How do I use the Kalshi referral code to sign up?
As we did in our Crypto.com Prediction Markets review, we have put together a step-by-step guide that shows you how to use a referral code at Kalshi:
- 1
Visit Kalshi: Follow one of the banners on this page to the Kalshi website
- 2
Begin registration: Tap the 'Sign Up' button to begin
- 3
Sign Up: Enter your email address or choose one of the other signup methods (Google, Apple ID, etc.)
- 4
Verify ID: Verify your email address, U.S. phone number, or other relevant contact info
- 5
Complete KYC: Enter your full name, date of birth, residential address, and SSN
- 6
Enter Kalshi promo code: Tap the 'Enter Referral Code' button and enter the code that you received
- 7
Submit documents: Upload your photo ID alongside a selfie and any other requested documents to verify your account
- 8
Fund account: Deposit funds into your account
- 9
Begin trading: Complete the trading requirements needed for you and your friend to get your Referral Credits
At this point, the best thing to do is explore Kalshi to make sure you understand how prediction trading works. Pay special attention to the risks — you’re making predictions with real money here, and that money will be lost if your predictions end up wrong.
What if I forget to sign up with a Kalshi referral code?
If you forget to apply a referral code when you sign up, there’s no need to worry. Within 72 hours of creating your account, you can apply a referral code as follows:
- Log in to your new Kalshi Prediction Market account
- Click the Waffle icon
- Tap the 'Enter Referral Code' button on the menu bar that should appear
- Enter the code, then complete the trading requirements
Tips to make the most of your Kalshi referral code offer
Now that we’ve explained the basics of how the referral bonus works at Kalshi, here are our top five tips to help you and your friends get the most out of it.
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If you are a new trader, make sure that you have a valid referral code before you start the signup process. Otherwise, you’ll be left scrambling around for one before the 72-hour time limit is up, meaning you’ll likely miss out.
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As we’ve explained, the exact details of the referral bonus that you can get differ for each code and account. Check your account or have your friend check theirs to confirm the trading requirements and how many Referral Credits each of you will receive.
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Kalshi Referral Credits are non-cashable, meaning that you only get your profits on event contracts that are tied to the correct prediction. As a result, any profit below $0.50 per contract will return less to you than the Referral Credits were worth. For example, if you used Referral Credits to buy $0.70 contracts tied to a correct prediction, you’d only get $0.30 return, leaving you $0.40 down on the purchase price.
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When meeting the trading requirements or using your Referral Credits, make sure to stick to prediction markets that you know and understand well. Prediction markets are highly risky at the best of times, and you want to try to reduce that risk, rather than increase it. For instance, if you’re an avid sports fan, don’t venture into climate prediction markets just for the sake of it.
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There are a few time limits to be aware of, so make sure you keep on top of things by setting alarms or notifications. As a reminder, you have 72 hours to apply a referral code if you didn’t use one when signing up. Moreover, your Referral Credits expire after 30 days if you don’t use them.
Editor's Note
Overall, the T&Cs that are attached to the Kalshi referral program are pretty fair and fairly easy to work around. My advice is to trade conservatively, mitigate risk, and always study and trade on markets that you know well. Above all, make sure that you don’t run out of time.
Kalshi incentive programs for existing traders
In addition to the welcome bonus, Kalshi offers a range of trading incentive programs. This helps them maintain high liquidity across all markets and gives you the chance to claim extra rewards.
Those of you who read our Polymarket review will have come across similar promotions. Nevertheless, here are the three main incentive programs available on Kalshi:
Kalshi Volume Incentive Program
This is a simple Cashback incentive program that gives you rewards for high trading volume. The percentage of the rewards pool that you get is equal to the percentage that you’ve contributed to the total trading volume of the prediction market.
For example, if there’s a $1,000 rewards pool and you contributed 5% of the total market trading volume, you’d get a $50 Cashback Reward.
Liquidity Incentive Program
If you place a resting order of at least 100 event contracts on a market, you can get a reward of between $10 and $1,000 per day. This incentive is designed to encourage traders to make markets, enabling other traders to get better prices as takers.
Combi Incentive Program
These are short, recurring incentives that are applied to specific combo prediction markets, usually related to sports. As with the Volume Incentive Program, eligible markets have a total Rewards Pool that you can grab a percentage of by placing maker trades.
In which states is the Kalshi welcome bonus available?
Kalshi Prediction Market is a financial exchange that’s regulated at the federal level by the CFTC. As a result, it’s legal for U.S.-based traders aged 18+ in most states. As it stands, this prediction market platform is partially restricted or outright banned for traders in the following states: Arizona, Illinois, Maryland, Massachusetts, Michigan, Montana, Nevada, New Jersey, and Ohio.
Is the Kalshi referral program legitimate?
The referral bonus at Kalshi is legit; it just has a lot of variables that are specific to each user account and code. This just means we can’t provide prices or concrete details here, and you need to assess each referral offer yourself.
That aside, Kalshi is a legit prediction market platform, and the Referral Credits have fair T&Cs overall. Just remember that prediction market trading is very risky and there’s a high chance that you will lose money.
Editor's Note
At the end of the day, Kalshi was the first prediction market platform in the U.S., and remains one of the biggest. They could attract and keep new traders without needing referrals or incentives, so their programs are decent all things considered. We just wish there was more conclusive info that we could give you guys.
Kalshi referral code FAQ
Yes, if you share your referral code with your friend, you both get Referral Credits. To get the bonus, your friend must get fully verified and meet the trading requirements.
As a new user, you can claim a referral bonus in three easy steps. Sign up using a valid referral code, upload your documents to complete KYC, then meet the trading requirements to get your Reward Credits.
Kalshi doesn’t have a standard new trader offer at the time of writing. However, you can earn Referral Credits by finding a valid referral code.
Final thoughts on the Kalshi referral code offer
In summary, there isn’t a conventional welcome offer for new traders at Kalshi, but we were neither surprised nor disappointed by this. Prediction market sign-up offers are rare, whereas referral codes and incentive programs are far more common.
Kalshi Prediction Market has a lot to offer on both these fronts, with fair and flexible conditions. You can register and apply your referral code at Kalshi via the banners on this page. Just remember that prediction market trading is a high-risk activity, so do your research to make sure you understand the risks before getting started.
