Kalshi Promo Code GRINDERS: Get $10 Bonus in All 50 States

by Chris Altman (Caltman) Last Updated 2025-03-27T13:27:02

Updated on 3/27/25

Kalshi

$10 Bonus for Your CBB Tournament Picks With Our Code!

Bonus Code

GRINDERS

Claim $10

Must be 18 years or older and have a legal, U.S. residential address within the 50 states, D.C., or U.S. territories.

Kalshi promo code is what I used at registration, and you should, too. The sign-up bonus of is hard to beat, especially when you consider the restrictions of sportsbooks and DFS platforms in several states.

The Kalshi trades currently most relevant to the sports calendar include the NHL, NBA, and college basketball champions, so I’d recommend looking into those markets.

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, is the one you should use.

The exclusive offer unlocks:

When you sign up with promo code , 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.

How to Claim the Kalshi Referral Code

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

1. Go to the Kalshi website or app using our links and select “Sign Up.”
2. Choose to continue with your email or Google/Apple account.
3. Click “Add referral code” and copy/paste .
4. Verify your account.
5. Deposit and make your first $100 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. Open the Kalshi app.
2. Select the hamburger menu and tap “Add funds“.
3. Tap “Deposit to Kalshi“.
4. Select your preferred deposit method (debit card, bank transfer, wire transfer, or crypto).
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

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 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 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.

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

Can You Bet on Sports on Kalshi?

Kalshi advertises that it offers legal predictions and picks 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 NBA Championship 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.

At this time, Kalshi only permits sports contracts on futures. You cannot use the app to bet on player props or other types of sports wagers. If you want to play something similar to props, check out the Dabble promo code.

Kalshi March Madness Odds

You can find college basketball championship contracts for March Madness on Kalshi! Here are the latest odds:

Table last updated March 27, 2025

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.

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

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 buy contracts 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.

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

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 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 Polymarket, Kalshi is fully legal in the US.

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.

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

Kalshi Bonus Comparison

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 its signup bonus compares to those from the top sportsbooks:

How to Make Money at Kalshi

To make money 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 bet 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.

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. 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.

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

For Super Bowl LIX, Robinhood was planning to offer moneyline odds for players using their brokerage accounts for the matchup between Kansas City and Philadelphia through Kalshi.

However, the Commodity Futures Trading Commission (CFTC) formally requested Robinhood to halt these operations. The operator complied and was unable to reach a resolution with the CFTC.

In March 2025, we see new hope as Robinhood announced that it will revamp this project. Stay tuned for news about launch, as there’s a good chance it could be available in time for March Madness.

Kalshi Promo FAQs

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

What is the Kalshi promo code?

The Kalshi signup bonus code is , which lets new customers after their 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 buy contracts on who will win the pro football championship, and a correct prediction pays out.

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!