Kalshi Promo Code Feb. 2026

Kalshi new user sign up bonus

Is there a Kalshi new user bonus?

Yes, there is a Kalshi new user bonus. By signing up with Kalshi promo code SBR, new users will get $10 in bonus funds after making $10 worth of trades. After signing up, players can continue to bring in bonus funds with Kalshi referral code SBR. The referral bonus grants new users and their referred party $25 each, once the referred party trades at least $100.

Kalshi promo summary for February

Kalshi's welcome offer is a $10 bonus that requires $10 in trades. You just need to sign up using our link, input Kalshi promo code 'SBR,' and make a deposit. You can use the bonus on any currently available markets, including sports, politics, tech, or pop culture. 

Kalshi promo code terms and conditions

Oscars odds & predictions 

As a pop culture trading powerhouse, Kalshi is one of the best Oscars betting sites available for the 98th Academy Awards. 

The actual awards ceremony takes place on March 15, 2026, so you have plenty of time to browse Kalshi's Oscars markets.

Here's how some of the top categories are shaking out:

Kalshi football predictions

Kalshi took a page out of the Crypto.com promo code and Robinhood promo code playbooks when it started offering single-game trading on multiple pro sports in Jan. 2025, including NFL football. 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

As of Feb. 2026, Kalshi also now offers player props for passing, rushing, and receiving yards.

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

How to trade on Kalshi political markets 

With political betting still widely unavailable in the U.S., Kalshi has made a name for itself in this arena since prediction markets are exempt from state regulations that prohibit this type of betting.

Some of the most popular trading markets of the last year include the 2024 presidential election and the recent New York City mayoral race. Looking ahead, here are a few markets we except 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 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 allowing you to participate in the Bitcoin value prediction markets for 2026. Do you think Bitcoin will reach $150,000 before the end of May 2026, or not? Then head over to Kalshi to make your prediction. You can also trade on other popular cryptocurrencies, like Ethereum or Solana. 

How to claim 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 $10 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 Know Your Customer (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.

In February 2026, Kalshi added Venmo and PayPal deposit options (with zero fees, for a limited time), making it even easier for users to trade. 

Make a prediction

Browse the variety of markets and select between Yes and No for specific events. For instance, if you want to predict that Oklahoma City will repeat as Western Conference Champions in the NBA, you can buy "Yes" trades at about $0.52. If the Thunder make the NBA Finals again, you'll be paid out $1.00 for every option you purchased, for a profit of $0.48 each. So if you bought 50 contracts for roughly $26 total, you'd receive a payout of $50 even. 

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 Kalshi referral code SBR 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.

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.

Expert Tip: If you're not quite ready to start making trades, Kalshi allows you to view its platform without registering an account. This way, you can browse its extensive prediction markets and get a feel for how they work before making any sort of financial commitment. I personally found this helpful when Kalshi first popped up on my radar, as I wasn't familiar with how prediction platforms worked and needed some time to sort out what Kalshi was about before making a deposit.

Is Kalshi legal?

Kalshi is a legal and regulated trading platform available in all 50 states and Washington, D.C. It combines traditional financial trading markets with predictions, letting you "trade" on the likely outcome of future events.

Along with Polymarket, Kalshi is an official prediction market partner of the National Hockey League (NHL). 

Kalshi doesn't fall under the purview of state gambling regulators. Instead, it is regulated by a federal agency: the Commodity Futures Trading Commission (CFTC). 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.

In recent months, several states, including Nevada, Connecticut, New Jersey, Ohio, Illinois, Tennessee, and Maryland, have sent cease-and-desist letters to Kalshi. These states allege that Kalshi's sports wagering contracts are unauthorized by the federally regulated prediction market (Robinhood and Crypto.com are also in regulators' crosshairs for similar reasons).

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, 2025, that he isn't "necessarily very concerned" with the cease-and-desist orders. Mansour insisted 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 states that is actively pursuing legal action against Kalshi. 

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.

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. 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 seeking the opposite contract in 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.
• 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.

Cons ❌

• Not a full sportsbook: Trading on sport 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 a dedicated sportsbook might.
• Fees: Kashi 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 small $10 bonus for new users, Kalshi doesn’t incentivize its users with regular promotions like many online sportsbooks do.
• 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.

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 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 to make predictions on. For example, there are numerous markets available for the Academy Awards, which will take place on March 15.

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

Here are a few key awards markets and other cultural events available as of February 16, 2026:

Popular Kalshi trade types 🏆

Kalshi keeps it simple, 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 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 are higher risk, higher reward.

Here's how they work: 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, you would 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.

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.

How Kalshi is different from traditional sportsbooks

Even though Kalshi allows you to profit from the correct predictions on sporting events, it is definitely not a sportsbook. Instead, it's a financial market more like platforms that let you buy or trade stocks. Instead of company shares or commodities, you buy and sell Event Contracts on Kalshi. 

Here are main differences:

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 is a direct result of 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 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. 

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.

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

Kalshi has a welcome offer that is hard to compete with the others on. 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 $10 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 $10 if the person you referred completes 10 trades within 30 days of signing up. 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

February 2026

-Kalshi says more than $1 billion was traded on its platform for Super Bowl 60. 

-Prediction market platforms face a new controversy over how they settled markets related to Cardi B's cameo appearance at the Super Bowl halftime show.   

-Kalshi adds NBA superstar Giannis Antetokounmpo as a major shareholder, which is also a deal that will include the Bucks' star in marketing and live events. 

-Kalshi surpasses traditional sportsbooks in overall app downloads ahead of Super Bowl 60, with more than 3 million installs on mobile devices this week.   

-The NFL says it is "monitoring" the prediction market industry to determine how the league will form its stance around the emerging technology.   

-NBA star Giannis Antetokounmpo announces he's become a partial owner of Kalshi. Although the Milwaukee Bucks power forward is forbidden from trading on NBA markets, he plans to partner with the prediction market at live events and in marketing.

-Kalshi announces a series of security and user integrity upgrades to its platform, including a new enforcement policy, making all trades public, and supporting a bill to ban government officials from trading on private government information. 

-Kashi releases "announcer-mention" prediction markets ahead of Super Bowl 60. The NFL has publicly objected to these markets, although broadcast partners like NBC have not officially commented.   

-Kalshi and Polymarket both introduce prediction markets related to Super Bowl commercials, including markets like "Will [celebrity] appear in a commercial?" and "Will [company] air a Super Bowl commercial?"

-According to sources, the NFL has allegedly banned prediction market platforms from airing commercials during Super Bowl 60. 

January 2026

-Coinbase expands into prediction markets in the U.S., thanks to a partnership with Kalshi.   

-A Massachusetts court delays an injunction against Kalshi, allowing time for further filings and potential appeals.   

-Kalshi is offering prediction markets on which former NFL players will be inducted into the 2026 Pro Football Hall of Fame on Feb. 5. Drew Brees and Larry Fitzgerald are 99% locks, according to Kalshi's data. 

-Kalshi files an emergency motion in Massachusetts, successfully staying the preliminary injunction that was levied against them earlier in the week. That means Kalshi can continue to operate in MA until further court arguments are made in the coming weeks. 

-James Siva, a prominent tribal gaming leader from California, praises a recent court victory by the state of Massachusetts against Kalshi: "We applaud Massachusetts for taking a firm stand against Kalshi, an unlicensed prediction market that is flagrantly violating state law and tribal sovereignty..."

-A judge in Massachusetts rules against Kalshi, allowing the state to request a preliminary injunction against the prediction market platform. Kalshi's motion to dismiss the request was denied. 

-Kalshi signs pro golfer Bryson DeChambeau as its first official athlete spokesman. The deal will include a TV commercial, social media content, live appearances, and the launch of new golf prediction markets. 

-Kalshi responds to a cease-and-desist letter from TN gaming officials by filing a lawsuit against the Tennessee Sports Wagering Council and gaining a temporary restraining order. 

-Tennessee gaming officials send cease-and-desist letters to Kalshi, Polymarket, and Crypto.com, alleging the sports prediction contracts offered on these platforms constitute illegal gambling. 

-Kalshi CEO Tarek Mansour expresses support for a proposed bill by New York Democratic Rep. Ritchie Torres, which would help curb insider trading opportunities on prediction market platforms.   

-Kalshi rolls out a new VIP Program for high-volume traders, which will include dedicated account managers, longer service hours, and in-person invites to Kalshi events. 

-Kalshi reports massive growth heading into 2026, with trading volume increasing from $300 million in August to over $40 billion by the end of 2025.

-Former NFL quarterback Johnny Manziel turns his sudden absence from ESPN College GameDay broadcasts into a surging prediction market topic on Kalshi. 

More sportsbook promos

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

• FanDuel Predicts promo code
• Polymarket promo code
• DraftKings Predicts promo code
• Robinhood promo code
• Crypto.com promo code

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