Kalshi promo code: a $25 to $55 credit after $25 of trades
Terms read from Kalshi’s own documents · · 18+
Kalshi’s own terms describe three programmes: a $55 promo-code credit, a fixed $25 referral credit, and a variable one paying $15 to $500 at stated odds that averages about $25. Each needs at least $25 of trades soon after sign-up, and each credit must be used within 7 days. Kalshi does not publish which code gets which programme.
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 →
A new account, identity verified, trades at least $25 on Predictions within 7 days of opening
Who
US persons
Credit expiry
Must be used within 7 days of being granted
Withdrawable
Only after you have traded an amount equal to the credit
Limits
One offer and redemption per account
Published
29 September 2026; no end date stated, and no code named
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 $55 programme is worth more than twice either, on the same $25 of trades.
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, $25 on average. Under all three programmes the credit becomes withdrawable only once you have traded an amount equal to it.
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. The $55 now matches a Kalshi terms document (published 29 September 2026), which names no code; the other figures appear in none of Kalshi’s published terms. Partner deals can differ from public terms — 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 promo codes and referral links, and its terms allow one or the other per account. Its newest terms (29 September 2026) pay $55 for a promo code after $25 of trades, but name no code: codes are issued to users and partners. We do not have a Prediction Markets Best code yet.
How much is the Kalshi bonus worth?
$55 under Kalshi’s promo-code terms of 29 September 2026; about $25 under its referral 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?
Yes, under all three of Kalshi’s programmes, but only once you have traded an amount equal to the credit. Every credit must be used within 7 days of being granted.
Is there a Kalshi referral code?
Existing Kalshi users get a referral link and code in the app. Kalshi’s help centre says a new user can add one within 72 hours of creating the account, and that depositing or trading does not close that window. The current amount is shown in the app’s Rewards section; the terms cap referrals at 20 or 40 per user.
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.