Sports fans and traders have a new opportunity to earn a bonus with Kalshi, a prediction market exchange regulated by the Commodity Futures Trading Commission (CFTC). Using the Kalshi promo code DISPATCH, new users can claim a $25 bonus credit by depositing at least $10 and completing $25 in trades. The offer is available in 38 states plus Washington, D.C., and covers a wide range of markets, including sports, politics, crypto, and pop culture.
Kalshi operates differently from traditional sportsbooks. Instead of betting against a house, users buy and sell contracts against other traders. Each contract is priced between $0 and $1, reflecting the market's view of an event's likelihood. If a prediction is correct, the contract settles at $1; if wrong, it settles at $0. This structure allows traders to sell contracts before an event ends to lock in profits or cut losses.
Top trending markets on Kalshi include NFL, college football, NBA, NHL, and UFC events, as well as political and crypto markets. The platform also offers markets on world events, movie awards, and reality TV eliminations. Prices fluctuate by the minute, so the cost of a contract can vary depending on when it is bought or sold.
Kalshi emphasizes responsible trading and provides tools such as trading breaks, self-exclusion, and personalized funding caps. The platform is available in most of the United States, with some exceptions due to ongoing legal challenges. New users must complete the trade requirements within seven days to claim the bonus, which typically posts within 24 hours.