Kalshi promo code: a referral credit worth about $25 on average
Terms read from Kalshi’s own documents · · 18+
Kalshi’s own terms describe two referral and promo-code programmes: a fixed $25 credit, and a variable one paying $15 to $500 at stated odds, which averages about $25. Either way you trade at least $25 within 7 days, and the credit expires 7 days after it is issued. Kalshi does not say publicly which version your account gets.
Ad disclosureWe have no affiliate code with this operator. If that changes, the link will be labelled — and it will not change what this page says. Methodology →
$25 credit for the new user and $25 for the referrer
To qualify
The new user trades at least $25 within 7 days
Credit expiry
7 days after it is issued
Withdrawable
Not the credit itself
Limits
Up to 20 referrals per referrer
What it is actually worth
The variable programme publishes its own odds, so its average can be worked out: 0.70 × $15 + 0.24 × $35 + 0.05 × $75 + 0.0065 × $100 + 0.0035 × $500 = $25.05. The “up to $500” headline and the fixed $25 are worth the same on average — seven accounts in ten get $15.
The qualifying trade costs something too. $25 of contracts at 50¢ is 50 contracts, and Kalshi’s general taker fee at that price is 0.07 × 0.50 × 0.50 × 50 ≈ $0.88. So the expected net is roughly $24, provided you use the credit inside its 7 days.
A credit is not cash. Spent on a contract at 50¢, a $25 credit buys 50 contracts that pay $50 if they settle YES and nothing if they settle NO. At a fair price that is worth $25 on average; the credit itself can never be withdrawn.
How to claim it
Open an account on kalshi.com or in the Kalshi app, entering the promo code or using the referral link at sign-up — one or the other, not both.
Complete identity verification; Kalshi requires it before you can trade.
Trade at least $25 on Predictions within the qualifying window (7 days, or 30 with a promo code).
Use the credit within 7 days of it appearing — the app shows it under Menu → Referrals or Rewards.
Promo code or referral link?
A promo code is typed in at sign-up; a referral link carries the same code for you, and it usually pays the person who shared it too. On a regulated exchange both are incentive programmes the operator files with the CFTC, so the terms are the operator’s — whoever’s code you use. That is why this page quotes the operator rather than a partner.
When the offer is not worth it
You trade large size. On a $5,000 position the fee and the spread matter far more than a $25 credit.
You are outside the US: both programmes are for US persons only.
You would not otherwise trade $25 inside a week. A credit that pushes you into a trade you did not want costs more than it pays.
Offers advertised elsewhere
Affiliate sites advertise their own Kalshi codes with different amounts. None of these figures appears in either of Kalshi’s published terms documents. Partner deals can differ from public terms, so they may be real for those links — we could not verify them, and we do not reprint codes we cannot check.
Kalshi offers claimed by other sites, not verified by us
Yes — Kalshi runs its referral programme through promo codes and referral links, and its terms allow one or the other per account. Kalshi does not publish a single public code; codes are issued to users and partners. We do not have a PredictHub code yet.
How much is the Kalshi bonus worth?
About $25 on average under either of Kalshi’s published programmes: a fixed $25, or a random $15 to $500 whose stated odds average $25.05. Seven accounts in ten get $15 under the variable version.
Can I withdraw the Kalshi bonus?
Not the credit. It is spent on contracts, and it expires 7 days after it is issued. What those contracts pay at settlement is ordinary balance.
What is the difference between a Kalshi promo code and a referral link?
Both enrol you in the same referral programme, and you can use one or the other, not both. Under the variable programme’s terms, a promo code gives you 30 days to make the qualifying $25 of trades instead of 7.
Who can claim the Kalshi offer?
US persons who pass identity verification. Some contract categories are blocked in Nevada, Washington and Michigan by state court orders, which limits what you can trade there.
18+ only. Event contracts can lose their whole value, and a promotional credit does not change that. Offers change without notice: check the operator’s current terms before you deposit. The CFTC has warned exchanges about how incentive programmes are marketed — our report on its August 2026 advisory. If trading stops being fun, see responsible trading.