Kalshi Promo Code GRINDERS: Get $10 Bonus Today (April 2026)

by Alicia Grimes (agrimes) Last Updated 2026-04-13T14:21:28
✅ Fact checked by Stephen Pierce

Updated on 4/13/26

Kalshi

Trade $10, Get $10!

Bonus Code

GRINDERS

Claim $10

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 AZ, IL, MA, MD, MI, MT, NJ, NV and OH.

Kalshi is part of the few review pages in this space where the code isn’t the only thing you should be looking for.

The Kalshi promo code GRINDERS gets you the “Trade $10, Get $10!” offer, but the real reason the platform is worth a look is that it operates as a federally regulated exchange rather than a house-book sportsbook. As of April 13, 2026, sports trading is available across all 50 states and U.S. territories. For a new user, that matters more than the headline bonus, because it changes how you should think about the first trade.

On Kalshi, price is the market’s probability. If a Yes share is trading at 60 cents, the market is roughly pricing that outcome at 60%. If you’re right, the contract settles at $1. That sounds basic once you’ve been on the platform for a while. First time through, though, it’s the difference between clicking a market because the matchup looks fun and understanding what you’re actually paying for.

Taking that into account, the best way to use the Kalshi promo code GRINDERS is to use it and immediately move onto asking yourself “what kind of market makes sense for a first trade?” That question matters even more on a packed sports weekend. Tonight’s MLB and NHL games deliver immediate action, while the basketball world gears up for the high-stakes NBA Play-In Tournament.

Those are both useful Kalshi entry points, but not for the same reason. The daily baseball and hockey slates are fast-settling markets. NBA playoff futures and Play-In outrights bring more storylines and more traffic, but they also keep your position open much longer unless you plan to trade in and out. Keep reading to learn more about this platform and how you can take advantage of it.

Kalshi Promo Code GRINDERS for April 2026

Does Kalshi Have a Welcome Bonus?

Yes! The Kalshi welcome bonus for new user is Trade $10, Get $10!

What I personally like about this offer is that it doesn’t come with those annoying, complicated “rollover” rules you usually see at big sportsbooks. You just register with the Kalshi promo code GRINDERS, deposit $1+, and trade at $10 in total on event contracts to get the $10 bonus. Simple.

I’ve looked through a lot of different Kalshi promo codes, but GRINDERS is the one I recommend if you want that “Trade $10” head start. When I first started with prediction markets, I was a total beginner and a little hesitant. Having that extra $10 bonus made it a lot easier to test the waters and try out a few unique event contracts without having to put much of my own skin in the game.

Curious about more sport exchange offers? I’d point you to our review of the SI Predict signup bonus.

The Better Way To Use the Kalshi Bonus During a Busy Sports Week

If your goal is to clear the bonus cleanly and actually learn the platform, the best first Kalshi trade is not always the biggest event on the board. It’s the market with the clearest settlement rule, the healthiest depth, and a price that hasn’t gotten sloppy just because a crowd showed up. New users get pulled toward longshots and novelty markets because the payout looks better, but on an exchange, a bad entry price is its own problem.

That’s why a same-day single-game market usually makes more sense than a week-long outright when you’re just getting started. The point of the first $10 isn’t to force a big swing. It’s to get quick feedback, see how pricing moves, and understand what kind of market feels manageable on Kalshi.

Before clicking into any contract, ask yourself three things:

1. Is the settlement rule clear enough that you can explain it back in one sentence?
2. Is the pricing clean, or are you walking into a weak fill because the spread is too wide?
3. Does the market actually fit your timeline, or are you tying up your first trade in something that won’t settle for days?

For most new users, the best thing they can do is trade on a high-volume same-day market rather than a slower outright, combo, or thin prop. Those markets can be useful later. For the first trade, reps matter more than drama.

What to Trade on With the Kalshi Promo Code

⚾ 🏀 Top Markets to Trade This Week

The early-week sports slate is officially stacked, and Kalshi’s order books are buzzing with action across the board. If you’re looking to get your first fast-settling contracts matched, we have a fantastic lineup to target.

Monday night serves up MLB action on FS1 with the Cubs and Phillies, while the NBA prepares to tip off its high-stakes Play-In Tournament with prime-time double-headers on Prime Video starting Tuesday.

Targeting these high-volume games is a smart, easy way to find tight spreads and efficiently clear your GRINDERS bonus. Knocking out your initial trades tonight sets you up perfectly to use your Trade $10, Get $10! bonus funds on the massive storylines unfolding later this week, like the do-or-die NBA Play-In matchups or afternoon Champions League clashes.

Table last updated April 13, 2026

How to Claim the Kalshi Promo Code

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

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

How to Put Money Into Your Kalshi Account

To put money into your Kalshi account and be eligible for the bonus, you can make a deposit by:

1. STEP 1: Open the Kalshi app.
2. STEP 2: Select the hamburger menu icon (the one with three lines) and tap “Add funds“.
3. STEP 3: Tap “Deposit to Kalshi“.
4. STEP 4: Select your preferred deposit method (debit card, bank transfer, wire transfer, or crypto).
5. STEP 5: Follow the prompts to add funds to your account.

If you deposit using crypto, make sure you buy USDC on your preferred crypto wallet. You’ll also want to make sure the Asset on Kalshi matches your crypto wallet to complete the transfer.

For instance, if you’re using Coinbase, you’d buy USDC on Coinbase and transfer the USDC to Kalshi by selecting “Base” as the Asset.

Regardless of the message you choose, the funds in your account will be converted to USDC, a cryptocurrency that is 1:1 with the US dollar.

Crypto.com is another exchange platform that relies on cryptocurrency—check out the Crypto.com promo code review for more details.

Verifying Your Account at Kalshi

Because Kalshi operates as a federally regulated prediction market under the CFTC, they follow strict Know-Your-Customer (KYC) protocols. You’ll have to input standard 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.

To finalize the process, Kalshi will ask you to provide proof of ID. This typically requires uploading a clear photo of your driver’s license or passport, along with an accompanying selfie to confirm your identity.

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

While you can technically view the live order books without verification, you’ll have to complete the process if you want to start trading and claim the Trade $10, Get $10! offer. If you forgot to enter the Kalshi promo code during the initial signup, don’t worry. Unverified users can still enter GRINDERS when they attempt to deposit funds for the first time.

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

Kalshi Promo Code vs. Sportsbook Bonuses

While Kalshi is an exchange rather than a sportsbook, it uses its welcome offer to compete against sportsbooks that vie for the same customers.

Here’s a look at how the Kalshi signup bonus compares to those from the top sportsbooks:

As a leading reviewer of bonuses spanning DFS apps, sportsbooks, prediction markets, and other iGaming platforms, RotoGrinders confirms that Kalshi has a competitive signup offer with favorable terms.

What Is Kalshi?

Kalshi is an innovative federally regulated financial exchange — and one of the best prediction market apps in the industry — that lets users trade on the outcomes of real-world 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 such as Taylor Swift prediction markets and Spotify Top Song prediction markets.

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.

Kalshi has expanded its reach beyond its own platform, partnering with entities such as PrizePicks to offer prediction markets.

Seeing as political betting in the US is not available at sportsbooks, Kalshi is definitely the next best thing.

How do Kalshi’s event contracts work?

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.

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

Understanding the $1 Settlement Rule

To use the Kalshi promo code GRINDERS effectively, you have to shift your mindset from “betting” to “trading.” Unlike a sportsbook, where the house sets the odds, Kalshi operates an open order book where every contract settles at exactly $1 if you are right, and $0 if you are wrong.

• The Price = The Probability: If you buy a “Yes” contract for $0.60, the market believes there is a 60% chance of that event happening.
• The Profit: Your profit is the difference between your purchase price and the $1 settlement. At a $0.60 buy-in, you are looking at a $0.40 profit (or a 66% return on investment).
• Limit Orders: Instead of just taking the current market price, you can set a limit order. This allows you to act as a market maker by specifying exactly what you are willing to pay. Once another trader takes the other side, your order matches.
• Fast Settlements: The sharpest way to clear your Trade $10, Get $10! requirement is to trade fast-settling contracts (often called 0DTE in financial markets). Buying shares on tonight’s college basketball or NBA slate ensures your trades settle quickly so you receive your bonus funds the same day.

How to Cash Out at Kalshi

To cash out at Kalshi, you must accurately predict the outcome of real-world events. You’ll get a payout if you correctly guess “yes” or “no” on your purchased contracts.

You can also cash out early at Kalshi, with the practice being more common here than it is at traditional sportsbooks.

Similar to the stock market, the Kalshi market is dictated by what people are buying and selling. You can trade into a position and monitor the live value. If you decide to sell when the contract is in a favorable position, you can gain a profit.

You might also decide to sell your contracts at a loss if the odds are going the other way. This move can help you avoid a total loss before the trade settles.

With the ability to sell early, Kalshi makes its Portfolio tab prominent. They display your balance as both total cash available to trade and the live value of your existing positions. You can click into each individual position and see how the value has changed in real-time.

Costs and Fees: What Does it Cost to Trade?

One of the main reasons I prefer Kalshi over traditional sportsbooks is the transparency.

While a sportsbook hides its “Vig” (commission) inside confusing odds like -110, Kalshi uses a clear, regulated fee structure. This ensures you keep more of your profit, especially when you’re using the promo code GRINDERS to clear your $10 bonus.

How Kalshi’s Fees Work

• Trading Fees: These only apply when your order is “matched” with another trader. The fee is calculated based on the contract price and the number of contracts you’re buying. Typically, these fees are just a few cents, making it much cheaper than the 4-7% “tax” you pay at a sportsbook.
• Withdrawal Fees: There is a flat $2 fee per withdrawal. Whether you’re cashing out $20 or $2,000, the cost stays the same.
• Zero Hidden Charges: Unlike some financial platforms, Kalshi does not charge for:
  • ACH Deposits: Moving money from your bank to Kalshi is 100% free.
  • Membership: There are no monthly subscription or “platform” fees.
  • Settlement: When your contract wins and pays out at $1, Kalshi doesn’t take a “cut” of your winnings.

This clear structure ensures you aren’t caught off guard by unexpected costs. When you combine these low fees with the Trade $10, Get $10! offer, Kalshi becomes one of the most cost-effective ways to trade on everything from NBA games to the 2026 Midterm Primaries.

Who Is Kalshi Best For?

Kalshi is ideal for users interested in trading real-world event outcomes instead of placing traditional bets. It’s popular with traders and sports fans, but also attracts analysts and political followers who track markets tied to economic data, performance trends, and elections. During the U.S. presidential race, for example, Kalshi markets briefly priced Donald Trump as the favorite.

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 most states as “sports trading”. 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, and unlike competitors such as Smarkets, Kalshi is fully legal in the US.

See how Kalshi compares to Polymarket, another legit prediction market exchange.

This Week’s Top Markets on Kalshi

If you’re looking for the best places to use your $10 bonus this week, focus on the markets with the highest liquidity. High-volume markets ensure you get the best price (tightest spreads) when you execute your first trades.

Here are the top four categories dominating the platform as of April 13, 2026:

2026 US Primary Elections Markets on April 13, 2026

These political markets are often the easiest way to finish your GRINDERS bonus because they are simple “Yes or No” questions that settle as soon as the results are in.

🗳️ Primary Markets to Watch (Live Today)

These are some of the most active live trades on the board today for anyone looking to clear their GRINDERS bonus with fast-settling contracts.

• How many Senate Republicans will lose their primary this year? ($308,415 vol)
• How many House Republicans will lose their primary this year? ($181,041 vol)
• Democratic Senate primaries combo ($112,330 vol)

High-Volume Markets: April 13, 2026 Picks

For your initial Trade $10, Get $10 requirement, focusing on “High Volume” political markets is a smart move. High liquidity means tighter spreads, ensuring you don’t lose value to the “gap” between buy and sell prices when executing your first trades.

🏛️ Featured Market: NJ-11 Special Election Margin of Victory

The upcoming special election for New Jersey’s 11th Congressional District is quickly becoming one of the most heavily traded political events of the month. While picking an outright winner is always popular, sharp traders are moving their capital into the Margin of Victory market to find a better betting edge.

Instead of just picking a side, Kalshi lets you trade on exactly how much the heavy favorite, Mejia, will win by. Here are the most active margin brackets today:

• Mejia, 24% and above: Yes ($0.49) • No ($0.54)
• Mejia, 20-24%: Yes ($0.25) • No ($0.77)
• Mejia, 16-20%: Yes ($0.19) • No ($0.82)

Market Insight: Special elections can be notoriously tricky to poll, but the order books currently suggest an absolute blowout. Traders are essentially treating a massive 24%+ margin of victory as a coin flip ($0.49). Instead of laying steep, prohibitive prices on the outright winner market, trading these specific margin brackets is a smart way to manage your risk and chase better expected value (+EV). With intense price discovery happening right now across these 16% to 24%+ bands, the deep liquidity makes this an ideal spot to get your first contracts matched.

If you’re looking for an efficient way to clear your GRINDERS requirement, trading the margin on a high-profile, fast-settling race like this is a fantastic strategy.

Primary Calendar: May 2026

If you’re looking for the next big volatility windows, keep an eye on these key dates where Kalshi volume is expected to spike:

• May 5: Indiana and Ohio
• May 12: Nebraska, North Carolina, West Virginia
• May 16: Louisiana
• May 19: Alabama, Georgia, Idaho, Kentucky, Oregon, and Pennsylvania
• May 26: Texas

All Midterm Primary Election Markets

You can find the full list of statewide and “Downballot” markets—including House races and Attorney General primaries—under the “2026 Primaries” tab on the Kalshi sidebar. These are excellent for finding “Yes/No” matchups with clear favorites.

How Do Political Markets Settle?

If you are used to sportsbooks grading a bet as soon as the final whistle blows, political markets require a bit more patience. Kalshi resolves election outcomes based strictly on the rules established for each specific contract.

For primaries and major elections, the order book doesn’t settle based on early Twitter projections. Kalshi relies on official data sources—typically a consensus from major decision desks (like the Associated Press) or the final certification from the state’s electoral commission. Once the official source verifies the winner, Kalshi grades the market and pays out the $1 winning shares directly to your cash balance.

Can You Trade on Sports on Kalshi?

Kalshi advertises that it offers legal predictions and picks in most states, including states like Florida that have tight restrictions around sports betting.

While it’s not technically sports betting, Kalshi is 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, like who is going to win the 2026 World Cup or who will win the The Masters Championship.

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 has yet to legalize online betting, Kalshi lets you have a stake in sports outcomes via legal trading.

Player Props at Kalshi

Kalshi permits trading on not only futures but also single-game outcomes and even player props. The platform recently added NBA props in the wake of prop betting scandals that are making sportsbooks more hesitant to offer player props. If you want a wider selection of props, check out the Dabble promo code.

Parlays at Kalshi

In September 2025, Kalshi rolled out a beta version of its “Combos” feature. Initially limited to select NFL games and available only in the app, Combos expanded roughly three months later to all users, enabling parlay-style picks on pro football and basketball.

Previously, you had to rely on the Verse Picks referral code if you wanted a similar experience.

Kalshi Latest Odds

You can find pro baseball championship contracts on Kalshi! Here are the latest forecasts:

Table last updated April 13, 2026

Learn how to convert percentages to American sportsbook odds at Kalshi.

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 trade on include:

• Political outcomes
• Pop culture (think reality TV outcomes)
• Weather
• International affairs
• Climate
• Crypto
• Tech
• Health

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

If you want to trade on something a little less polarizing, you can. Popular markets in the pop culture realm include reality tv winners, like Who will win Survivor Season 50?, and box office hits. There are even prediction markets for GTA 6 at exchanges such as Kalshi and Polymarket.

In short, Kalshi might be more restricted on what types of sports trades you can make. But it has tons of exotic markets that are more reminiscent of those on European sportsbooks.

We expect the Coinbase referral code to grant you access to markets similar to Kalshi’s!

Other Promos at Kalshi (April 2026)

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 $25 in bonuses.

How can I refer a friend on Kalshi?

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 $10 in trades.

Note that current Kalshi referral code is not the same as the code you will receive while referring a friend.

Kalshi vs Sportsbooks: What’s the Difference?

The line between Kalshi and legal sportsbooks can be blurry, but this table clarifies the differences so you know what you’re working with:

The “Vig” vs. The Fee

One of the biggest reasons to use the Kalshi promo code instead of a sportsbook is the transparency of costs.

• Sportsbooks hide their “Vig” (commission) in the odds (e.g., -110 on both sides). This usually equals a 4.7% tax on your money.
• Kalshi uses a transparent transaction fee. While some research suggests Kalshi can be “pricier” on low-liquidity NFL games, it is often significantly cheaper for Oscars and Politics markets where sportsbooks aren’t allowed to compete.

Kalshi vs. Polymarket: Fees, Deposits & More

Kalshi and Polymarket both offer prediction markets, but they differ significantly in regulation, fees, and how users trade.

Get a full comparison on Kalshi vs Polymarket: Which Is Superior? Markets, Fees & More

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. Markets get as niche as government shutdown predictions.

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

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. For example, users could propose a market on whether the Noise app will become the top UGC platform by the end of the year.

New Features

Kalshi regularly updates its app and desktop platforms to improve the trading experience. One recent addition is a side menu that highlights key markets based on Trending, Top Movers, New, and Highest Volume.

• Trending: Markets seeing the most attention right now.
• Top movers: Markets with the largest price swings.
• New: Recently listed markets.
• Highest volume: Markets with the most trading activity.

If you’re looking for a social sports trading platform rather than one that uses real money, check out the Manifold Markets promo code.

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 $10 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 3.25% APY on your cash and positions.

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

Where Is Kalshi Legal?

The legality of Kalshi — and the ability to use a Kalshi promo code — has become a fast-moving issue in 2026 as federal courts weigh how event contracts fit within U.S. law.

On February 19, a federal court issued a preliminary injunction in Tennessee that allowed Kalshi’s sports event contracts to continue operating. The ruling treated those contracts as financial derivatives under the Commodity Exchange Act (CEA), which places them under federal oversight rather than state gambling law. Following that decision, traders in Tennessee regained access to sports markets tied to leagues like the NBA and NHL.

However, availability still varies by state as additional cases move through the courts. Traders in states such as New York, Pennsylvania, California, Florida, and Texas currently have access to Kalshi markets, while some jurisdictions have placed limits specifically on sports contracts.

March 12, 2026 Update: The legal landscape for the Kalshi promo code GRINDERS just got more complex. On Monday, March 9, an Ohio federal judge handed the platform a setback, denying an injunction against state regulators. The court ruled that Kalshi’s sports contracts currently look more like “gambling” than “swaps” under Ohio law.

What does this mean for you? If you’re in Ohio, you’ll likely see sports markets blocked for the time being. However, the “Federal Swap” argument is still winning elsewhere. You can still use the GRINDERS code in Texas and California—states that still don’t have legal DraftKings or FanDuel—because Kalshi is a federally regulated exchange.

March 25, 2026 Update: Kalshi is now entirely restricted in Nevada. While the platform is actively fighting the block via a 9th Circuit appeal, anyone located within Nevada state lines is currently locked out of the exchange completely.

This total blackout in Nevada is a much steeper penalty than recent roadblocks in states like Ohio. In Ohio, a judge recently ruled that Kalshi’s sports contracts resemble traditional gambling, meaning those specific sports markets are blocked, but residents can still trade on economic or political contracts. Nevada residents, however, currently have absolutely zero access to the order books.

Legal Status Snapshot (Verified April 13, 2026)

• ✅ Full Access: NY, PA, TN, CA, FL, TX, and 37 others.
• ⚠️ Sports Restricted: OH, AZ, IL, MA, MD, MI, MT, NJ.
• 🚫 Restricted Entirely: NV.

Even where sports markets face limits, users can still trade other categories such as economic or macro event contracts. These markets often allow new users to complete Kalshi’s minimum trading requirement and activate promotions tied to signup offers.

What This Means for the Kalshi Promo Code

Because Kalshi operates as a CFTC-regulated exchange, users in some states where traditional sports betting isn’t legal — including California and Texas — can still access certain event markets and claim signup offers like the GRINDERS promo code.

That said, the legal landscape is still evolving. Court rulings and regulatory decisions could change market availability in specific states, so access to sports contracts may shift as ongoing cases are resolved.

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. For instance, any winnings you earn from the Fanatics Sportsbook promo may be subject to income tax.

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.

See how the customer service at Kalshi compares to that at FanDuel’s prediction markets app.

Responsible Trading & 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.

Robinhood-Kalshi Partnership

The Robinhood-Kalshi partnership goes back to Super Bowl LIX, where Robinhood was going to offer moneyline odds for players using their brokerage accounts for the matchup between Kansas City and Philadelphia through Kalshi. However, the CFTC formally requested Robinhood to halt these operations.

A month later in March 2025, Robinhood offered 2025 NCAAB Tournament markets through Kalshi on its app, just in time for the March Madness tournament. Prediction market event contracts have since grown on Robinhood to include more sports, entertainment, politics, weather, tech, finance, etc.

Learn more about the nature of Kalshi and Robinhood’s partnership in RotoGrinders guide to DCMs vs. FCMs.

Kalshi and CNN Partnership

CNN has designated Kalshi as its official prediction markets partner, integrating the platform’s trading data into its news coverage. Kalshi operates the largest regulated exchange for betting on real-world events and has demonstrated notable accuracy in forecasting outcomes.

The partnership grants CNN’s newsroom access to Kalshi’s real-time data, features a new on-air ticker, and allows Chief Data Analyst Harry Enten to incorporate prediction market insights into his reporting.

Kalshi Promo Code FAQs

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

What is the Kalshi promo code?

The Kalshi signup bonus code is GRINDERS, which lets new customers Trade $10, Get $10! after their first $10 in trades.

How to get $10 on Kalshi?

You can get the $10 welcome bonus on Kalshi with the promo code GRINDERS. Verify your identity through their quick KYC process, and place at least $10 in total trades on any market. Once you’ve executed $10 in cumulative trade volume, Kalshi will automatically credit your account with the $10 bonus.

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 buy contracts on who will win the most gold medals in the 2026 Winter Games, and a correct prediction pays out.

How does Kalshi pay out?

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

How does Kalshi work?

Kalshi is a federally regulated prediction market where users trade contracts based on real-world event outcomes. Each contract is priced between $0 and $1, representing the market’s probability of that outcome. Traders can buy “Yes” or “No” shares, and contracts settle at $1 if correct or $0 if not.

Can you make money on Kalshi?

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

Where is Kalshi available?

Kalshi is federally regulated by the CFTC and can operate across most of the United States. As of March 2026, Kalshi is not available in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, New Jersey, and Ohio. Users should check their local eligibility before signing up, as state access can change.

Is Kalshi legal in California?

Yes, at the moment, Kalshi is legal in California. Kalshi can offer sports trading in the Golden State since it operates under CFTC regulation, not state gambling laws. However, the operator is facing legal challenges from the state’s Native American tribes. Learn more about Kalshi’s legal status in California in our guide!

Can I use Kalshi if I’m in Texas?

Yes, Texas users are eligible to trade on sports, politics, and other prediction markets via Kalshi. Texas online sports betting is illegal, but Kalshi’s status under the CFTC permits its operation in Texas and other states that don’t have legal sports betting. Learn more about Kalshi’s legal status in Texas in our guide!

To claim sports betting promos, check out our guide!