Kalshi Promo Code SBR for July 2026

Is there a Kalshi promo code?

Yes, there is a Kalshi promo code, and there is also a Kalshi referral code. During registration, enter our exclusive Kalshi new user promo code SBR to become eligible for the welcome bonus. I've used this promo code myself, and not only is it safe to use, but the whole process of signing up and entering the code takes less than five minutes.

Kalshi bonus comparison

After testing all of the major prediction market apps, there's no doubt in my mind that Kalshi is the best. I had no trouble claiming the welcome bonus and have used it to place trades during the 2026 World Cup.

That said, if you're looking for more apps like Kalshi, the following table shows key features of some of our favorites. 

The OG promo code is the most similar to Kalshi's. Though Kalshi's bonus is double that of OG's, you will also need to trade $20 instead of just $10 to earn the funds.

That said, the most popular of Kalshi's competitors is definitely Polymarket. I've conducted a thorough comparison between the Kalshi welcome offer and the Polymarket promo code on our Kalshi vs. Polymarket page. 

It's also worth mentioning the ProphetX promo code, as it only takes $10 to land $20.

Kalshi promo breakdown

Here's a simplified breakdown of everything I've discussed thus far, so you can quickly start trading on sports, politics, tech, and pop culture. And remember, you can use Kalshi in California, so if you live in the nation's most populous state, the prediction market app is a great option since traditional sportsbooks aren't legal.

Note: Kalshi has temporarily suspended access in Michigan due to a 14-day restraining order issued by a local court. 

How to get Kalshi promo code $20 bonus

Want to know how to get free money on Kalshi? Well, to claim the $20 bonus from one of the best prediction markets, all you have to do is enter the Kalshi promo code SBR and make $20 worth of trades. This promo isn't available in Nevada, where Kalshi is restricted. 

There are no market limitations, which easily makes this one of the best prediction market promos. And remember, while you must make $20 in trades to earn the welcome bonus, the minimum deposit to claim this deal is just $10. 

💡Expert Tip: If you're not quite ready to start making trades, Kalshi allows you to view its platform without registering an account. This allows you to browse its extensive prediction markets and get a feel for how they work before making any financial commitment. I personally found this helpful when first discovering Kalshi, as I wasn't familiar with how prediction platforms worked.

Here’s a step-by-step guide outlining how to obtain this offer:

1. Register

Follow our links to Kalshi, hit the Sign Up button, then confirm that you're a US resident. Agree to the platform’s Know Your Customer (KYC) protocols, and provide your address and other required personal information. Then, you can either sign up using your existing Google or Apple accounts or register via email.

2. Enter promo code

You must input the Kalshi promo code SBR during registration to be able to earn your $20 bonus. When I was signing up, I was asked to enter the promo code after entering my email, creating a password, and confirming my email address.

3. Deposit

I found the deposit process seamless and instant when using Kalshi. Just go to the Add Funds button, and select your preferred deposit method (debit card, bank transfer, wire transfer, or crypto). Note that each payment method has its own limits, and while transaction times can vary, it's very rare for funds not to appear in your account almost immediately. You must deposit $10 or more to be eligible for the $20 welcome bonus. 

4. Make a prediction

Browse all available markets and select between Yes and No for specific events. For instance, if you want to predict that France will win the 2026 World Cup, you can buy "Yes" trades at about $0.33. If France wins the tournament, you'll be paid $1.00 for every contract you purchased, resulting in a profit of $0.67 per contract. So if you buy 100 contracts for roughly $33 total, you'd see a $67 return if France wins the World Cup.

5. Refer friends

Kalshi is one of the few prediction platforms that offers a referral bonus. Send your unique link to your friend, and once they input your Kalshi referral code (within 72 hours) and make at least $100 in trades, both you and your friend will receive $25 in bonus funds. You can refer up to 40 friends for a total of $1,000.

6. Withdraw

I found withdrawing funds to be just as easy as depositing, though transaction times were a little slower. To get started, head over to the Transfers tab, select Withdraw Funds and your withdrawal method, then enter the amount you wish to cash out. The bank transfer method has no limits or fees, but it is also the slowest option. Debit card and crypto withdrawals are much faster but have a $2,500 daily limit and a $2 fixed fee. You can only withdraw with crypto if you previously deposited with it.

Kalshi referral code

Another great perk of signing up with Kalshi is that after grabbing the welcome offer, you can still accumulate additional funds through the Kalshi referral bonus. I was able to send my unique link to my friends, and as soon as they entered Kalshi referral code SBR and made $100 worth of trades, we both received $25 worth of bonus funds.

I've done this a handful of times, but I'm nowhere near maxing out the bonus, as it can be used up to 40 times. In other words, the referral bonus maxes out at $1,000.

The referral code must be entered within 72 hours of the referred party creating their account and before they make their first deposit. It's important to remember that if your friend uses the Kalshi referral code, they won't be able to use any other Kalshi promo codes related to sign up bonuses.

The table below explains all of the key information related to the Kalshi referral code:

Kalshi promo code for new users

Does Kalshi have a welcome bonus?

Yes, Kalshi has a great $20 welcome bonus available for new users. This welcome offer has one of the lowest entry points of any offered by a prediction market. While you need to make $20 worth of trades, you only need to deposit $10 or more to be eligible for the bonus funds. This means that if you're lucky enough to make trades with favorable outcomes with your first ten bucks, you could earn $20 in bonuses without ever having to deposit again.

What is Kalshi?

Kalshi is a prediction market platform that is federally regulated by the Commodity Futures Trading Commission (CFTC). The CFTC considers Kalshi a Designated Contract Market (DCM), so it is treated as a financial exchange.

Kalshi is legal and operational in most U.S. states, except for Nevada. While some state regulators have pushed back against prediction market platforms, claiming they operate illegally, Kalshi operates entirely within federal law.

Note: Kalshi has temporarily suspended access in Michigan due to a 14-day restraining order issued by a local court. 

At Kalshi, traders can trade outcomes of real-world events. If your trade resolves as correct, then you will earn $1 for every share you own. If your trade resolves as incorrect, then your shares will settle at $0.

Kalshi is an open exchange, meaning that trading is what sets the prices and odds for shares. At traditional sportsbooks, bettors bet against the house, but at Kalshi, traders buy one side of an outcome, while other traders buy the opposite side.

Latest trends for trading on Kalshi World Cup

Kalshi is the perfect place to trade all the biggest sporting events in the world. Here's a look at the odds for the top events happening this month.

World Cup

The quarterfinals start this afternoon. France is still favored to win the tournament with just eight teams remaining, as they face a tough Morocco side in Boston today. Argentina survived a major scare against Egypt, with their chances of winning dropping below 10% before they made a miraculous comeback to advance and play Switzerland on the weekend. 

World Cup champion

Here are the odds for all eight teams remaining in the World Cup, according to Kalshi traders. Can anyone stop Les Blues?

Golden Boot

Lionel Messi scored another goal in the Round of 16, and he now leads all players with eight at this World Cup. However, due to Argentina's recent struggles, Kylian Mbappé has basically the same chances of winning the Golden Boot, with France favored to win the whole tournament. 

Quarterfinals

The first quarterfinal match is set for Thursday afternoon. France will play Morocco in a rematch of the 2022 World Cup semifinal. Les Blues won 2-0 that day and will be hoping to march onward towards the final.

On Friday, Belgium will look to spring an upset against heavily favored Spain. Spain still hasn't conceded a goal at this World Cup, while Belgium is coming off a four-goal performance against the United States.

Saturday features the last two quarterfinal games. First, Haaland and Norway will look to keep their dream World Cup alive against Kane and England. Then, Messi and Argentina will look to build off their miraculous comeback and advance past Switzerland.

Kalshi promo code terms and conditions

Though nothing stood out to me as abnormal upon sign up, I wanted to highlight some of the more important terms and conditions that you should keep in mind when using the Kalshi promo code to grab the welcome bonus:

• You can use Kalshi in all states except Nevada.
• To trigger the offer, you must sign up with Kalshi bonus code SBR.
• Proof of identification in the form of a driver's license or passport is required to register. You will also need a photo of yourself holding your ID.
• The minimum deposit is $10.
• You must trade at least $20 in event contracts to earn the bonus. Whether your initial trades result in a profit or a loss doesn't matter.
• There is no expiration date for this promo.

Is Kalshi legal?

Kalshi is a legal, regulated trading platform. You can grab the welcome promo for Kalshi in New York and all other states except Nevada. Kalshi combines traditional financial markets with predictions, allowing you to trade on the likely outcomes of future events.

Notably, Kalshi is also legal in a handful of places where online sportsbooks are not. You can use Kalshi in Texas, for example. 

Not only is the platform legal, but professional leagues have also welcomed the operator with open arms. This is evident from Kalshi's status as an official prediction market partner of the National Hockey League (NHL).

Kalshi is federally regulated by the CFTC. Therefore, it is required to adhere to the following security standards:

• Designated contract market: The CFTC oversees all stock and financial trading laws at the federal level.
• SOC 2 Type II compliance: A minimal requirement for any SaaS provider, this auditing procedure ensures a service provider securely manages its data to protect its interests and the privacy of its clients.

Kalshi is currently unavailable outside the US, but you can sign up for the waitlist and be notified when it becomes legal in your country. Kalshi recently announced it would partner with financial company Wealthsimple to launch in Canada in the second half of 2026, albeit with far fewer markets than the U.S. version. 

Kalshi review

I spent over 20 hours on Kalshi to prepare this review. During this time, we were able to spot all of the highlights and many of the lowlights of the app.

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 website and mobile app 📱

I really enjoyed the clean design of both the Kalshi website and mobile app. 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., but that doesn't mean it's without a few shortcomings. Here are the main advantages and disadvantages that I found when using the platform:

Pros ✅

• Excellent user interface: Kalshi’s top notch 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 trades.
• Can trade 'No' side: Most sportsbooks only offer odds on whether something will happen, like a player scoring a touchdown. On Kalshi, you can also make the prediction that something won't happen and potentially profit from it.
• Make your own markets: Want to make a prediction on something, but can't find it on the Kalshi platform? Contact Kalshi to submit a new market and watch how users' predictions shape the market.
• Wide availability: You can use Kalshi in Florida and most other states, including many where sports betting is illegal. For example, you can also freely use Kalshi in Georgia. Only Nevada is restricted.

Cons ❌

• Not a sportsbook: Trading on sports prediction markets is not the same as making a legal online sports wager, even if it feels similar. You may get vastly different prices (better or worse), and Kalshi doesn't offer the same type of customer support as most dedicated sportsbooks.
• Fees: Kalshi charges a small percentage fee per trade and a flat $2 fee for withdrawals. It's not a massive amount of money, but it could impact you if you're a high-volume trader.
• No ongoing promotions: Aside from a $20 bonus for new users, Kalshi doesn’t offer regular promotions, unlike many online sportsbooks. While the referral bonus is great, you can't get it unless you can convince others to sign up with your link.
• Many markets are long-term plays: On the one hand, predicting the 2028 U.S. Presidential Election is a unique opportunity. On the other hand, it means your money is tied up until the ballots are all counted, which is still more than two years away. If you want to make some long-term predictions, you'll need patience.

Popular Kalshi trade types 

Kalshi keeps it clean, enabling only Yes or No predictions for specific occurrences. For instance, you can predict whether the Seattle Seahawks will repeat as champions in Super Bowl 61, who will perform the next James Bond theme, or pick the Dodgers to win a third straight World Series in 2026. 

Kalshi sports to trade on 

When it comes to sports, you will find football, basketball, tennis, soccer, and hockey. Originally, these sports were limited to major events, but I've noticed that Kalshi has really broadened its available markets in recent months. While you still won't find player props for any sports other than football, you can make single-game predictions.

Some examples of sports futures 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 for predictions. 

Here are a few key awards markets and other cultural events available as of July 10, 2026:

Kalshi Combos 

Much like sportsbook parlays, Kalshi has a tool to group together multiple event outcomes into a single trade called Combos. And like a parlay, Kalshi Combos provide a higher risk and a higher reward.

Instead of trading on each market individually, you can link together two or more to form a custom position on an expected outcome. For example, you could pick an NFL team to win a game, take the over, and the spread. Combos pay out based on each leg's final settlement value. 

To create a combo, just use Kalshi's in-app combo builder tool. But once you submit a combo, a Request For Quote (RFQ) is sent out to the market, allowing other traders on the platform a chance to take the opposite side of your trade. This is how the system establishes a price and liquidity.

Combos are currently limited to pro football, pro basketball, and a limited number of mention markets (e.g., will President Trump say certain words or phrases in a televised speech).

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 trades of several million dollars.

How Kalshi is different from traditional sportsbooks

Kalshi is not a sportsbook. Here are some major differences between Kalshi and traditional sportsbooks:

1. User driven markets

Instead of a sportsbook setting the odds (and adjusting them as money comes in on either side), Kalshi allows the market to fluctuate without interference. That means the chances of something happening (or not happening) on Kalshi are determined by how many contracts have been bought on each side. In this regard, Kalshi is a true data-driven platform for serious traders making informed decisions. 

2. Straightforward interface

The Kalshi website and app are extremely simple to use. You won't find your screen filled with pre-built SGP boosts or other sportsbook promos. Instead, the Kalshi interface prioritizes functionality, giving you a straightforward look at how markets have performed historically and letting you buy contracts for your preferred side with ease. 

It's impossible to oversell how organized this interface is. Every sport has subsections, so you won't spend valuable time hunting for the market you prefer.

3. Federally regulated

Sportsbooks are regulated by individual state gaming commissions. That means the rules can vary by state. For example, some states allow wagering on college sports, while others do not. The betting age is 21+ in most states, but it's also 18+ in a handful. 

Kalshi, on the other hand, is regulated by the CFTC — a federal agency that oversees financial markets of all types. This regulation ensures that Kalshi acts with fairness and transparency in every transaction in all states where it operates.

Kalshi payment methods

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.

Kalshi allows you to withdraw your funds directly to your bank account with no limits or fees in about 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. Additionally, debit card withdrawals come with a flat $2 fee.

Kalshi event predictions options

I believe that Kalshi is the best prediction market for the biggest events in the world of sports and entertainment. The platform allows trades on the Oscars and Grammys, with markets available for all awards, from the biggest categories to the smallest.

Of course, when it comes to sporting events, there's plenty to like about the options available for the Super Bowl, NCAA Tournament, and World Cup.

Kalshi football predictions

Kalshi took a page out of the Crypto.com promo code playbook when it started offering NFL odds and single-game trading on multiple other pro sports in early 2025. While you won't find as many markets or promos as you would at top betting sites like BetMGM or DraftKings, Kalshi's selection aligns with what's available at other best prediction markets.

Kalshi also makes it easy to find individual game trading on its platform, as sports contracts are sorted into the following categories:

• Games
• Futures
• Awards
• Wins
• Events

Kalshi now offers player props for passing, rushing, and receiving yards.

If you want to see how Kalshi's offerings match up against some of the prediction market apps from top-tier sportsbook operators, visit our Fanatics Markets promo code, the FanDuel Predicts promo code, or the DraftKings Predicts promo code pages.

What can you trade on Kalshi?

How to trade on Kalshi political markets 

Kalshi is one of the few platforms to offer political markets in the United States. The prediction market platform made a name for itself during the 2024 presidential election, then furthered its notoriety during the 2025 New York City mayoral race.

Looking ahead, here are a few markets we expect to draw significant trading action on Kalshi:

• Which party will win the U.S. House next year? (Democratic Party/Republican Party)
• Democratic Presidential nominee in 2028? (Gavin Newsom/Alexandria Ocasio-Cortez)
• Which party will win the U.S. Senate next year? (Republican Party/Democratic Party)

How to trade on the weather ☀️🌧️

Dig a little deeper into Kalshi's prediction markets, and you'll find some truly bizarre categories. For example, 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" 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. 

How to trade on 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 allowing you to participate in the Bitcoin value prediction markets for 2026. Think Bitcoin will hit $60,000 before it hits $100,000? Then head over to Kalshi to make your prediction. You can also trade on other popular cryptocurrencies, like Ethereum or Solana. 

Kalshi customer support

Kalshi customer support is limited to email, as live chat is not available. For a quicker response, I joined the Kalshi Discord. You can also try to reach them on their social media profiles.

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 $20 bonus once you complete your first $20 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 refer-a-friend program that gives you $25 if the person you referred completes $100 worth of trades. Referral code SBR can be used to invite 40 friends, meaning this bonus's maximum is $1,000.

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

Latest from Kalshi

July 2026

-A federal judge denies Kalshi's request to block New York gaming regulators from enforcing state gambling laws upon it. 

-Kalshi starts blocking users in Michigan to comply with a temporary restraining order issued by Ingham County Circuit Court Judge Rosemarie Aquilin. The order lasts until at least June 13, the date of the next hearing. 

-Kalshi CEO Tarek Mansour defends the risk of insider trading on prediction markets, saying it's a larger risk on the stock market. 

-Michigan announces its exit from the National Council on Problem Gambling (NCPG), in protest of Kalshi being recently added as a member. 

-A new report from NPR suggests that Meta CEO Mark Zuckerberg explored buying Kalshi in 2025, before shifting to develop its own prediction market platform instead. 

June 2026

-Kalshi adds "restrictions" to its platform in Michigan, as a state court grants a temporary two-week restraining order against the prediction market. The court order bars Kalshi from doing business in the state and from advertising itself to potential users. Non-compliance comes with a daily fine of $120,000. 

-Kalshi faces new scrutiny over $300,000 in shares it handed to Donald Trump Jr. when he took an advisory role at the company. At the time, Kalshi was valued at $2 billion; it is now estimated at $22 billion.