Kalshi Promo Code: Use Code 'SBR' for $10 Sign-Up Bonus Today

Kalshi promo code terms and conditions

The welcome offer at Kalshi is straightforward. You just need to sign up using our link, input Kalshi promo code 'SBR', make a deposit, and buy a total of 100 contracts. Even though this bonus was advertised for the Super Bowl, you can still use it on any markets currently available, with more sports options likely to appear soon.

Kalshi Moneyline Predictions

Kalshi has taken a page out of Crypto.com promo code and the Robinhood promo code playbook and started offering single-game trading on multiple pro sports, including MLB. This aligns with the best predictions markets.

Right now, you can buy contracts for daily MLB games and more.

You can also now buy contracts on college football games. Kalshi has added dozens of games so far, including the high-profile Texas at Ohio State game on Aug. 30. 

Here's an example of how moneyline predictions look on Kalshi:

• Pro Baseball: Milwaukee ($0.46) vs. Chicago Cubs ($0.56)

These markets are presented as a "Will <team> win <event>?" contract. For example, if the Cubs win, the market will resolve to "Yes."

Kalshi is continually adding new sports trading markets, so check this page for updates as they become available. In the meantime, check out our MLB odds and British Open odds pages for additional coverage.

How to bet on the weather ☀️🌧️

Dig a little deeper into Kalshi's prediction markets, and you'll find some truly bizarre categories. Case in point: there are very few options for betting on the weather in the U.S., but Kalshi lets you trade contracts on multiple weather events.

Most of the available markets are daily predictions for specific cities, such as "highest temperature in New York City today." But you can also go longer term with markets like "number of tornadoes this month" (in the U.S. as a whole) and "rain in NYC this month." 

Each market has specific conditions, so be sure to read the rules summary for each one before purchasing a contract. 

Predicting the value of Bitcoin

Think you can predict how high the value of Bitcoin will rise before the end of the year? Well, Kalshi is letting you get involved in the Bitcoin value prediction markets for 2025. Check out our guide where we explain whether Bitcoin will reach $150,000 before the end of the year, then head over to Kalshi and make your prediction.

Is Kalshi legal?

Kalshi is a legal and regulated trading platform available in most states and Washington, D.C.

As of Apr. 3, 2025, Nevada, New Jersey, Ohio, Illinois, and Maryland had sent cease-and-desist letters to Kalshi, alleging that its sports wagering contracts are unauthorized by the federally regulated prediction market (Robinhood and Crypto.com are also in regulators' crosshairs for similar reasons). Tennessee regulators have also called on the Commodity Futures Trading Commissions (CFTC) to shut down predictions markets but did not go so far as to send a cease-and-desist letter.

Kalshi has retaliated with lawsuits of its own, arguing that sports event contracts are "lawful under federal law," as the CFTC previously allowed Kalshi's contracts to go into effect without review.

Kalshi founder Tarek Mansour even stated during an interview with TechCrunch on Apr. 4 that he isn't "necessarily very concerned" with the cease-and-desist orders, and that his company answers only to the CFTC. It's safe to say the situation is evolving rapidly, so it's best to keep a close eye on the legal situation if you reside in one of the five states mentioned above.

Kalshi is currently unavailable outside of the US, but you can sign up for a waitlist and get notified when it becomes legal in your country. The $10 sign-up bonus is the same for all states.

How to enter the Kalshi promo code

You will become eligible for the Kalshi sign-up promo right after you create an account with Kalshi promo code 'SBR' and make a total of $100 in trades on any market. There are no market limitations or expiration dates to worry about. Here’s a step-by-step walkthrough to help you grab this offer.

Register

Head over to Kalshi using our links and hit the Sign Up button in the top right corner. Confirm that you are a US resident and agree to the platform’s KYC protocols. Your address and other personal information will be collected during registration. Next, choose whether you want to sign up using your existing Google or Apple accounts or register via email.

Use promo code

Kalshi promo code SBR is necessary to receive the $10 bonus. Ensure you input this code at registration.

Deposit

To deposit, click on the Add Funds button at the top. Select one of the deposit methods, including a debit card, bank transfer, wire transfer, or crypto, each with its own limits and transaction times listed. Confirm the deposit and wait for the funds to reach your Kalshi account.

Make a prediction

Browse the variety of markets and select between Yes and No for specific events. For instance, during the 2025 NBA Playoffs, if you selected the Oklahoma City Thunder to win the NBA Western Conference at 48% chance, you would have won around $1 on every dollar wagered on that market.

Withdraw

To withdraw your money, head over to the Transfers tab, select Withdraw Funds, select a method, and type in the amount you wish to cash out. The best way to withdraw is by using the bank transfer method since it has no limits and fees, although it is the slowest. Debit card and crypto withdrawals take much less time but have a $2,500 daily limit and a $2 fixed fee. Also, you can only withdraw with crypto if you previously used crypto to make a deposit.

Kalshi review

Kalshi was founded in 2018 and started operating as a trading platform in July 2021 after obtaining a federal license from the CFTC in November 2020.

Kalshi is not a sportsbook, even though users can make predictions on sporting events, much like with a traditional operator. The key difference is that the users on Kalshi take opposing positions on specific events rather than against the house. The Yes and No contracts come in pairs. Once you invest in a market, the platform will pair you with another user who is looking for the opposite contract on that same market. 

For instance, if you decide to pay $7 for a Yes contract, you will be matched with another trader willing to pay $3 for a No contract on that market. If the market resolves in a Yes, you win $10, getting $7 back from your wager and $3 from the opposing side.

For more traditional sportsbooks, check out our best sportsbooks and best sportsbook promos pages.

Kalshi website and mobile app 📱

Both the Kalshi website and app showcase a simplistic design. Browsing the platform and finding specific markets and events is easy, thanks to intuitive navigation and good categorization. The top menu displays various verticals, from sports and politics to crypto, economics, culture, climate, and more.

Kalshi pros and cons 🏆

Kalshi is one of the most popular trading services in the U.S. right now, but it does have a few shortcomings. Let’s examine the advantages and disadvantages of this platform.

Pros ✅

• Excellent user interface: Kalshi’s simplistic interface makes it easy for beginners and experienced traders to use. Navigating from one place to another is a breeze, with great responsiveness and quick loading times.
• Plenty of non-sporting events: Most markets on Kalshi relate to politics and finance, but you can also find predictions revolving around climate, entertainment, crypto, and more.
• High limits: The trading limits on Kalshi extend well beyond most traditional sportsbooks, with some events enabling multi-million-dollar wagers.

Cons ❌

• Limited sporting events and markets: You shouldn’t go to Kalshi expecting anything more than a handful of popular sports and events. Contracts are also restricted to futures, so you can't trade on player props, point spreads, or other types of sports wagers. That said, sports predictions are relatively new on this platform, and it may add more options in the future.
• No ongoing promotions: Aside from a small $10 bonus for new users, Kalshi doesn’t incentivize its users with regular promotions like many online sportsbooks do.

Kalshi sports to trade on 🏈

When it comes to sports, you will find football, basketball, tennis, soccer, and hockey, each limited to the most popular events. For instance, if you pick soccer, you will usually get a market like “Champions League Winner” and not much else. The platform is more focused on other events, with most options revolving around U.S. politics.

Some examples of sports you can make a prediction on:

Kalshi Culture markets to trade on 🏆

Kalshi has made a name for itself in sports and politics, but it also offers a wide variety of pop culture events to make predictions on. Its biggest of these markets this year so far was arguably the 97th Academy Awards.

We expect Kalshi to have dedicated sections for major awards shows going forward but here are a few key awards markets and other cultural events available as of July 20, 2025:

If you want to get an edge on next year's Academy Awards markets, check out our roundup of the best Oscar prediction sites.

Popular Kalshi trade types 🏆

Kalshi keeps it simple and only enables Yes or No predictions on specific occurrences. For instance, you can predict whether the Philadelphia Eagles or Buffalo Bills will win Super Bowl 60 or pick the Dodgers to win the World Series. 

Kalshi odds quality and trading limits 💰

Unlike traditional sportsbooks, Kalshi doesn’t offer fixed odds on any outcomes. How much money you can win from a specific prediction is based on the calculated probability of that outcome. If an event becomes more or less likely due to recent developments, the expected value of its contracts will be adjusted.

The trading limits depend on the market. The general limit is $25,000, but certain popular contracts allow wagers of several million dollars.

Kalshi payment method

Kalshi accepts several deposit methods with varying limits, fees, and transaction times. Here are your options:

• Debit card: $2,500 maximum every 24 hours with immediate deposit.
• Bank transfer: $10,000 maximum per transaction, taking two to four business days.
• Crypto (USDC): $50,000 daily limit with transactions clearing in 30 minutes on average.
• Wire transfer: $1,000 minimum cleared on the same day or the next.

You can withdraw your funds directly to your bank account with no limits or fees, which usually takes three to four business days. Debit card and crypto withdrawals are much quicker, taking around 30 minutes on average, but they have a $2,500 max limit, with debit card withdrawals charging a flat $2 fee.

With so many options, including some that are incredibly fast, Kalshi competes well alongside some of the best online sportsbooks for payouts.

Kalshi customer support

Kalshi customer support is limited to email. You can also join Kalshi Discord or try to reach them on their social media profiles. The help is efficient, covering all sorts of topics to get you up to speed.

Kalshi bonus comparison

Even though Kalshi isn't technically a sportsbook, it still has a welcome offer to try to compete with other traditional sportsbooks. Below, find a table comparing Kalshi to some of the leaders in the industry.

All Kalshi promo offers

Here’s a quick overview of Kalshi’s promotions for new and existing users.

Kalshi sign-up bonus

The Kalshi sign-up promotion provides you with a $10 bonus once you complete your first $100 worth of trades. Just remember to use our Kalshi promo code SBR to activate this offer.

Is there a Kalshi bonus for existing users?

The only bonus for existing Kalshi users is the platform's referral program. For each friend you invite to Kalshi who registers, deposits funds, and completes 100 trades within 30 days, you'll receive $10. Kalshi will give you a unique referral code, which must be used with each signup to receive the reward.

If new promos appear in the future, we will make sure to include them in an update of this review.

More online Kalshi promos

Kalshi doesn’t offer any other promotions at the moment. If the platform adds more promos in the future, we’ll update this section promptly.

Latest from Kalshi

July 2025

-Kalshi releases merchandise with the phrase "what are the odds?" and marketing material that uses the word "bet." Despite these, Kalshi's lawyer insists their product differs from traditional sports betting. The legal debate over prediction markets continues.

-In a letter to the CFTC, former U.S. Senator Blanche Lincoln calls for the widespread legalization of prediction markets like Kalshi. The comments represent a stunning policy reversal for Lincoln, who once opposed prediction markets while helping write the Dodd-Frank Act in 2010.

-Kalshi reports sports markets accounted for over half of the total trading volume on its platform in the last week of June, with MLB and UFC leading the way. 

-The state of Nevada submits 18 defenses to Kalshi's lawsuit, which was filed when Nevada issued the prediction market platform a cease-and-desist order. 

-Kalshi adds 32 college football games to its lineup of available sports prediction markets, the first time it has listed prediction contracts for NCAA football. It previously offered NCAA basketball contracts during the 2025 NCAA Men's Division I Basketball Championship, also known as March Madness. 

June 2025

-Kalshi announces it has raised an additional $185 million in funding, setting the company's valuation at around $2 billion. 

-James Siva, the chairman of the California Nations Indian Gaming Association, says Kalshi "is illegal gaming" and infringes on tribal gaming exclusivity and overall tribal sovereignty in various states. 

-Kalshi's Democratic New York City mayor nominee market predicts a close race between Zohran Mamdani and Andrew Cuomo. Early on nomination day, Mamdani holds a slim lead at 56%.

-Multiple industry stakeholders, including 34 state attorneys general, tribal groups, and a coalition of anti-gambling organizations, back New Jersey's suit against Kalshi.

-Kalshi and FanDuel are reportedly exploring a business partnership, as the popular sportsbook looks into entering the prediction trading market.

-Prediction market platforms Kalshi, Robinhood, and Susquehanna are hit with lawsuits in Ohio, Illinois, Massachusetts, and South Carolina, alleging they operate illegal gambling disguised as a type of stock trading.

-Brian Quintenz, President Trump's nominee to be the next chairman of the U.S. Commodity Futures Trading Commission (CFTC), makes comments that suggest he has no interest in banning or regulating prediction market platforms like Kalshi. 

-Kalshi already has prediction markets for "Will Trump or Elon apologize first this month?" following the public break-up between the President and his former head of DOGE. While neither man has a reputation for apologizing...ever, Musk is receiving the higher probability given his diminished position. Other markets include "Will Trump be banned from X.com this year?" and "Will Trump be impeached again?"

More sportsbook promos

Kalshi is one of many prediction sites in what is becoming a very crowded industry. Therefore, if you're interest isn't piqued by the Kalshi welcome bonus, you could try out one of the following bonuses. With so many options, there's sure to be something that's the right fit for you.

• Bally Bet promo code
• bet365 bonus code
• BetMGM bonus code
• BetRivers bonus code
• Borgata promo code
• Caesars Sportsbook promo code
• ESPN Bet promo code
• Fanatics promo code
• FanDuel promo code

To see which other sportsbooks and promos are available in your state, check out the list below.