Why we rate Kalshi
Kalshi is the gold standard for US prediction markets: a fully CFTC‑regulated Designated Contract Market where you trade Yes/No event contracts like futures. It’s the easiest on‑ramp for Americans — fund with a bank, debit, PayPal or Venmo, no crypto wallet or VPN — and it carries deep liquidity, with sports now the dominant category (~87% of volume). Because it’s federally regulated, it works in states with no legal sportsbook, like Texas and Georgia. The trade‑offs are real‑money risk and a patchwork of state legal challenges. For most US traders, it’s our top pick.
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What we like
- Fully CFTC‑regulated (segregated funds, federal oversight)
- Simple USD funding — bank, debit, PayPal, Venmo; no crypto wallet
- Deep liquidity across sports, politics, economics and weather
- Works in states with no legal sportsbook (e.g. TX, GA)
- Powers Robinhood’s Prediction Markets Hub — a sign of its infrastructure
What to know
- Real‑money risk of loss — these are financial derivatives
- Taker fees peak around mid‑probability contracts
- Faces state legal challenges (cease‑and‑desist in several states)
- Currently unavailable in AZ, IL, MA, MD, MI, MT, NV & OH
Kalshi Prediction Markets bonus & promo code
Kalshi lets you buy and sell Yes/No event contracts priced from 1¢ to 99¢ — the price is the market’s implied probability. If your prediction is right the contract settles at $1; if it’s wrong, $0. New users can typically earn a $10 welcome bonus after placing $10 in qualifying trades. There’s no crypto and no promo code needed via our link.
| Product | Yes/No event contracts (CFTC‑regulated), priced 1¢–99¢ |
| Welcome | Typically a $10 bonus after $10 in qualifying trades |
| Markets | Sports, politics, economics, weather, awards, financials |
| Regulator | CFTC — KalshiEX LLC (DCM); Kalshi Klear LLC clearing |
| Funding | Bank/ACH, wire, PayPal, Venmo, debit card (2% fee), crypto |
| Credit cards | Not accepted |
| Extra | Variable yield (~3.25% APY) on uninvested cash and open positions |
| Age | 18+ |
| Verification | Government ID + SSN required before withdrawing |
How to claim the Kalshi Prediction Markets offer
Kalshi vs other prediction markets
Kalshi leads on regulation and ease of USD funding; Polymarket wins on depth and fees if you’re comfortable with crypto; Robinhood is best if you already use the app.
| Platform | Welcome offer | Promo code | Standout |
|---|---|---|---|
| Kalshi | $10 after $10 traded | None | CFTC‑regulated, USD funding |
| Polymarket | $50 on $20 deposit | None | Depth & lower fees (crypto) |
| Robinhood | $5–$200 free stock | None | All‑in‑one app, low flat fee |
| DraftKings Predictions | See sportsbook | None | Tied to DK ecosystem |
Kalshi banking, payouts & verification
| Funding methods | Bank/ACH, wire, PayPal, Venmo, debit card; crypto deposits supported |
| Debit fee | 2% platform fee on debit deposits (ACH/wire/PayPal/Venmo free) |
| Credit cards | Not accepted |
| Withdrawals | Bank transfer and debit; a few hours to several days; crypto payouts available |
| Trading fees | Maker‑taker; taker fee peaks (~1.75¢/contract) near 50¢ contracts and falls toward the extremes |
| Yield | Variable ~3.25% APY on uninvested cash and open positions |
| Verification | Government‑issued ID and SSN required before withdrawal |
Where Kalshi is legal
Because it’s federally regulated, Kalshi operates in most of the US — including states with no legal sportsbook such as Texas, Georgia and California. As of 2026 it is not available in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, Nevada or Ohio amid ongoing state challenges. Always confirm access in‑app before funding.
Kalshi FAQ
Is Kalshi legal in the US?
Do I need crypto to use Kalshi?
Can I bet on horse racing on Kalshi?
How does Kalshi make money?
Start trading on Kalshi
18+. CFTC‑regulated event contracts. Trading involves risk; only trade what you can afford to lose.
21+ (18+ where noted). Gambling problem? Call 1‑800‑GAMBLER. agamble.com may earn a commission when you sign up through our links — this never affects our ratings. Offer terms are set by the operator and subject to change; always check the current terms in‑app.