Kalshi Promo Code SBWIRE55 Offers $55 Bonus for New Users

Kalshi, a federally regulated exchange under CFTC oversight, is offering new users a $55 bonus with their promo code SBWIRE55. This promotion can be used on various markets, including NFL Week 3 games and other events such as the MLB playoffs, college football, UFC, soccer, WNBA, politics, and crypto.

The exchange operates in 39 states and Washington D.C., but is not currently available in Arizona, Illinois, Massachusetts, Maryland, Michigan, Minnesota, Montana, Nevada, New Jersey, Ohio, or Washington. Kalshi solves a problem for traders stuck in states without legal sports betting by running on federal CFTC registration instead of a state license.

The exchange works as a peer-to-peer platform where users trade contracts against each other, rather than against a house-set line. Each contract is priced between $0 and $1 to reflect implied probability, with correct contracts settling at $1 and incorrect ones settling at $0.