Kalshi Offers $25 Bonus for New Users Who Trade $25

Kalshi, a prediction market exchange regulated by the CFTC, is offering a $25 bonus to new users who sign up with the promo code SBWIRE. The offer requires traders to deposit at least $10 and make $25 in trades within 90 days.

The Kalshi platform allows users to buy and sell contracts on various events, including sports like UFC 330, NFL preseason and futures, and MLB, as well as politics, crypto, weather, and pop culture. The exchange operates as a designated contract market, offering a unique structure where traders can sell contracts before an event ends to lock in profits or cut losses.

Kalshi's trading structure is distinct from traditional sportsbooks, which set fixed lines. Instead, each contract on Kalshi is priced between $0 and $1, reflecting the implied probability of an outcome. If a trader's prediction is correct, the contract settles at $1; if it's wrong, it settles at $0.