Kalshi Promo Code GRINDERS: Get Exclusive $10 Bonus!

by Chris Altman (Caltman) Last Updated 2025-01-24T15:10:25

Searching for a Kalshi promo code that offers legal sports betting in all 50 states? Use GRINDERS to get a $10 sign-up bonus after your first $100 in trades.

I’d recommend getting in on the AFC/NFC Championships and Super Bowl to start with these events just around the corner. You can of course bet on the winners, but predicting game weather events will be just as exciting.

After claiming the Kalshi offer myself, I’m here to give you the lowdown so you, too, can get started with the bonus. Plus, I’ll provide more info on making trades on sports events since Kalshi differs from traditional gambling platforms.

Kalshi Promo Code Details

Out of all the Kalshi promo codes out there, GRINDERS is the one you should use. It unlocks a $10 welcome bonus and is an exclusive offer that’s definitely worth taking advantage of.

When you sign up with promo code GRINDERS, you’ll receive $10 credited to your account following your first $100 in trades (bets). While it’s not technically a deposit bonus, you must deposit to your account and then make a trade to qualify.

I greatly appreciate the Kalshi bonus, as it made it easy for a beginner like myself to start trading without a significant initial investment.

And the best part? It provides access to legal online sports betting wherever you are in the U.S.!

How to Claim the Kalshi Referral Code

Claiming your Kalshi referral code and getting the $10 bonus is easy. Follow this simple step-by-step guide to begin:

1. Go to the Kalshi website or app and select “Sign Up.”
2. Choose to continue with your email or Google/Apple account.
3. Click “Add referral code” and copy/paste GRINDERS.
4. Verify your account.
5. Deposit and make your first $100 in trades to receive the $10 bonus.

Verifying Your Account at Kalshi

You’ll have to input other personal info to verify your account, including:

• Name
• Date of birth
• Phone number
• Physical address
• Social security number

Additionally, you must verify both your email and phone number.

The process might seem a little extensive, but it’s for your safety. Kalshi uses an encrypted verification platform to secure your personal details.

While you can technically view the platform without verification, you’ll have to complete the process if you want to start trading and claim the bonus.

If you forgot to enter promo code GRINDERS during the initial signup, don’t worry. Kalshi users who aren’t verified yet can add a referral code when they attempt to deposit funds into their accounts.

The verification process at Kalshi is similar to claiming the Underdog promo code, so make sure you grab that bonus, too.

Other Promos at Kalshi

Kalshi provides various promos to keep users engaged. From ongoing referral bonuses to special promotions tied to current events, Kalshi always has something to offer its users.

Refer-a-Friend Program

The Kalshi referral program offers a great way to earn additional rewards while introducing friends to the platform. By referring a friend to Kalshi, both of you can earn bonuses.

The process is simple—after your first trade, you’ll receive a unique referral link or code that your friends can use to sign up.

Alternatively, share code GRINDERS with your friends so they earn the $10 Kalshi bonus after their first $100 in trades.

Other apps like PrizePicks have refer-a-friend programs—take full advantage!

What Is Kalshi?

Kalshi is an innovative financial exchange enabling users to trade on the outcomes of real-world current events.

For our purposes, we’re most interested in the sports contracts that users can trade. However, Kalshi also allows you to make predictions on everything from political outcomes to pop culture events.

Unlike traditional sports betting or daily fantasy sports, Kalshi functions as a prediction market where users buy and sell contracts based on yes-or-no questions.

And here, the house doesn’t have an edge. Instead, Kalshi’s event contracts offer straightforward, clear outcomes and transparent rules. You trade with other traders rather than Kalshi itself, with the platform making money by charging transaction fees on the contracts’ expected earnings.

The NYC-based regulated platform is overseen by the Commodity Futures Trading Commission (CFTC). This provides assurance that you’re participating in legal and secure trading.

Can You Bet on Sports on Kalshi?

Kalshi advertises that it offers legal sports betting in all 50 states.

While it’s not technically sports betting, it’s the closest you’ll get to it without having to turn to DFS apps, social sportbooks, or social casinos.

On Kalshi, you can trade on contracts related to sports outcomes, such as what team will win the NFL Conference Championships or who will become the next head coach for the Jacksonville Jaguars.

The primary purpose of these contracts is to allow users to trade on binary outcomes—essentially yes-or-no questions about future events.

It’s basically a dupe of commodity futures trading that mimics the excitement of futures in sports betting. Interestingly, Kalshi doesn’t list league names like the NFL or NHL but you’ll find everything from pro football to pro hockey.

And even if you’re in a state like California or Texas that have yet to legalize online betting, Kalshi lets you get in on the action.

Those who would prefer actual sports betting might claim the Caesars Sportsbook promo code.

Understanding Kalshi’s Event Contracts

Event contracts are at the core of Kalshi’s trading platform, allowing users to speculate on whether specific events will occur. They’re regulated by the Commodity Futures Trading Commission (CFTC) and comply with the Commodity Exchange Act.

If you think an event will occur, you buy a Yes contract.

On the other end, if you believe the event won’t occur, you buy a No contract.

You’ll get the specified payout if you’re right. And if you’re wrong, you get nada.

Other Event Contracts at Kalshi

While we’re most interested in the sports contracts at Kalshi, these aren’t the only types.

Some of the most common events in the news cycle to bet on include:

• Political outcomes
• Pop culture
• Weather
• International affairs
• Climate
• Crypto
• Tech
• Health

Kalshi made headlines when it offered 2024 election odds during the Trump vs. Harris showdown. Users were betting on not only who would become president but also policy shifts and other election outcomes.

If you want to bet on something a little less polarizing, you can. Popular markets in the pop culture realm include award winners and box office hits.

Is Kalshi Legit?

Yes, Kalshi is entirely legitimate. The platform operates under the strict oversight of the Commodity Futures Trading Commission (CFTC), which regulates U.S. trading platforms.

Kalshi received regulatory approval from the CFTC in 2020, establishing itself as a designated contract market and ensuring a secure trading environment. It’s also legal in all 50 states and has no chance of being banned. This makes it a good alternative to traditional sports betting apps.

Additionally, Kalshi benefits from institutional support, enhancing liquidity and providing a smoother trading experience. With real-time market oversight, Kalshi ensures the integrity and accuracy of trading data. It’s a reliable platform for trading on real-world event outcomes.

Kalshi App Review

The Kalshi app was designed with users in mind. It offers a seamless and intuitive experience for both Android and iPhone users.

The app features a clean, modern design for easy navigation, allowing users to quickly find and trade on various markets. A standout feature is the search function, which lets you find markets on everything from politics and sports to crypto and climate news.

The Explore tab showcases popular markets and events, with a scrollbar at the top constantly featuring top bets.

Meanwhile, the Ideas tab helps spark community conversations by allowing users to make social media-like posts. You can also view strategies from Kalshi and live trades to see what other users are up to.

Additionally, there’s a market builder option. It’s kind of hard to get traction, but if your idea for a market gets enough attention, Kalshi will list it! An example would be getting people to bet on when Rihanna’s net worth will hit $2 billion.

Deposits and Withdrawals at Kalshi

As a federally regulated prediction market, Kalshi has secure deposits and withdrawals.

Here’s a look at how you can deposit funds so you can make your first $100 in trades and qualify for the welcome bonus:

Remember, you must verify your account before depositing and trading at Kalshi.

Kalshi’s lower fees compared to traditional futures markets make it an attractive option for traders. These reduced costs enhance profit margins by minimizing the expense of entering and exiting trades.

Another important note: You can sell early at any time, helping you potentially boost your withdrawals at Kalshi.

AND, you can earn variable 3.95% APY on your cash and positions.

We also cover the payment options on other apps, including the PrizePicks deposit limit.

Kalshi Taxes and Regulations

As a regulated financial exchange, Kalshi requires users to report earnings as capital gains.

Kalshi provides tax forms such as 1099-INT and 1099-MISC. This helps you comply with IRS guidelines more easily and makes sure there’s transparent reporting of all trading activities.

Unlike traditional sports betting, which may have different tax implications depending on the state, Kalshi’s classification as a financial exchange standardizes the tax reporting process.

Consult a tax professional to develop a strategy that aligns with your trading habits and maximizes your benefits on these new types of assets.

Kalshi Customer Service

You only have two options for contacting the support team at Kalshi—email support@kalshi.com or join the Discord server.

Despite no live chat or phone number to call, the customer service reps are pretty helpful and should get back to you within a reasonable timeframe.

Tips for New Traders on Kalshi

New traders on Kalshi should set clear goals and understand their risk tolerance. Creating a trading plan can guide your decisions and help you stay focused on your objectives.

Practicing with paper trading allows beginners to test strategies without risking actual funds. This approach helps gain experience and refine trading techniques before trading with real money.

Effective risk management is key to minimizing potential losses. Techniques like setting stop-loss orders can protect your investments and make sure you trade within your means.

Read more on: Responsible Gambling.

Kalshi Promo FAQs

Here are the most asked questions about the Kalshi promo code.

What is the Kalshi promo code?

The current promo code is GRINDERS, which offers a $10 bonus after your first $100 in trades.

Is Kalshi legit?

Yes, Kalshi is a regulated platform overseen by the Commodity Futures Trading Commission (CFTC).

Does Kalshi have sports betting?

While Kalshi is a regulated exchange rather than a sports betting platform, you can buy contracts on sporting events. For example, you might bet on who will win the pro football championship.

How does Kalshi pay out?

Payouts on Kalshi are handled via debit cards, Apple Pay, bank transfers, crypto payments, and wire transfers.

Can you make money on Kalshi?

Yes, if your prediction is correct, you can receive payouts at Kalshi.

Claim more sports betting promos by checking out our guide!