Kalshi Offers $55 Bonus for New Users with Promo Code SBWIRE55
Kalshi, a CFTC-regulated prediction market exchange, is offering a $55 bonus to new users with the promo code SBWIRE55. To claim the bonus, users must trade $25 across the platform's various markets, which include NFL outcomes, MLB playoffs, college football, UFC, soccer, NBA, politics, and crypto. The platform operates in 39 states and Washington, D.C., allowing users 18 and older to trade yes-or-no event contracts on a wide range of events.
The Kalshi exchange functions differently from traditional sportsbooks. Instead of betting against a house, users trade contracts directly with other users. Each contract is priced between $0 and $1, reflecting the market's implied probability of an outcome. Correct predictions settle at $1, while incorrect ones settle at $0. This peer-to-peer model allows users to buy or sell contracts before an event concludes, providing flexibility to lock in gains or minimize losses.
Currently, Kalshi is offering the SBWIRE55 promo code in most states, excluding Arizona, Illinois, Massachusetts, Maryland, Michigan, Minnesota, Montana, Nevada, New Jersey, Ohio, and Washington. The platform's federal regulation under the CFTC allows it to operate in areas where traditional sports betting is not yet legal. With NFL Week 4 underway and other major sporting events on the horizon, Kalshi provides a unique opportunity for users to engage in prediction markets legally across the country.