Kalshi Referral Code: ACTION for a $10 Bonus NOW!

Kalshi Referral Code ⭐	ACTION
Kalshi Referral Code Offer 💰	Legal Betting in All 50 States: Claim Your $10 Bonus NOW (just make $100 in trades and you'll get a $10 bonus with our code)
States Available 🗺️	All 50 states
Promo Last Verified ✅	January 26, 2025
Terms and Conditions📝	Must be 18 years or older and have a legal, U.S. residential address within the 50 states, D.C., or U.S. territories

What Is Kalshi?

Kalshi stands out as a unique platform in the world of finance because, rather than dealing with traditional assets like stocks or bonds, Kalshi revolves around event contracts, allowing users to make predictions about real-world occurrences.

For example, users can trade on predictions about U.S. GDP growth, upcoming legislation, or even weather-related outcomes. These contracts are priced based on probabilities, offering an intuitive way to engage with events that shape the world.

And like we saw before, the platform’s operations are backed by oversight from the CFTC, ensuring compliance with strict regulatory standards. This regulation guarantees fairness and transparency, adding legitimacy to the platform and confidence to new traders.

How Kalshi Works

Kalshi makes participating in prediction markets straightforward, even for beginners. Here’s a step-by-step breakdown:

1. Sign Up and Use Promo Code: Visit the Kalshi website and click “Sign Up” to create your account. You’ll need to provide your name, email address, and password. Additionally, identity verification is needed to comply with CFTC regulations and make sure all users are authorized participants. Don't forget to use the Kalshi promo code ACTION when signing up!

2. Deposit Funds: Once your account is verified, fund it using secure options like ACH transfers. Kalshi prioritizes fast, secure transactions so you can start trading without delays.

3. Participate in Prediction Markets: Go to the “Markets” or “Explore” tabs to browse available event contracts. Whether it’s predicting legislative outcomes or economic reports, Kalshi offers a wide range of markets to choose from.

Contracts are traded through two methods:

1. Quick Order: Instantly purchase contracts at the best available price.

2. Limit Order: Set a specific price you’re willing to pay, giving you greater control over spending.

Kalshi Referral Code and Bonuses

If you’re wondering about Kalshi referral codes, make sure to use our exclusive Kalshi promo code to maximize your experience:

Promo Code: ACTION

Welcome Offer: Legal Betting in All 50 States: Claim Your $10 Bonus NOW

Kalshi's Role in the U.S. Elections

Kalshi made history as the first federally regulated platform to allow U.S. citizens to trade on election outcomes. This includes predictions about presidential elections, control of the Senate or House, and specific state results. On the other hand, unlike traditional polling, which often lags behind public sentiment, Kalshi provides real-time market insights. This means traders with financial stakes in the outcomes influence pricing, creating a dynamic and accurate reflection of public sentiment as events unfold.

Kalshi’s election markets also offer a way for users to hedge against uncertainties. For example, a business owner might trade contracts to offset potential risks tied to policy changes after an election. This approach democratizes access to tools traditionally reserved for financial institutions, making it accessible for more and more people.

How Kalshi Differs From Traditional Betting Platforms

Kalshi’s focus on financial precision sets it apart from conventional betting sites. Here’s how:

1. Financially Driven Markets

Kalshi centers on outcomes with real-world implications — like economic policies or legislative actions — rather than entertainment-focused bets. This makes the platform a serious tool for traders who want to profit from informed decision-making.

2. Regulated and Transparent

As a CFTC-regulated platform, Kalshi ensures fairness and transparency in every transaction. Plus, partnerships with market makers like Susquehanna International Group (SIG) provide liquidity, further improving the trading experience.

3. Professional Interface

Kalshi’s intuitive design prioritizes functionality over flashy visuals. Meaning it caters to both experienced traders and newcomers, offering a straightforward way to engage with prediction markets.

Costs and Fees

Kalshi’s pricing structure is transparent and competitive. How?

• Trading Fees: Only apply when orders are immediately matched. Fees are calculated based on the number of contracts and contract prices.

• Withdrawal Fees: A flat $2 fee per withdrawal.

• No Hidden Charges: ACH deposits, membership fees, and settlement processing are all free.

This straightforward structure ensures users aren’t caught off guard by unexpected costs, making Kalshi a cost-effective choice for trading.

Security and Reliability

Kalshi uses robust security measures to protect user data, including:

1. Encryption: All transactions are secured with advanced encryption protocols.

2. Two-Factor Authentication (2FA): Adds an extra layer of account protection.

3. KYC Verification: Ensures all users are authorized participants, which demonstrates platform integrity.

Kalshi Pros and Cons

Kalshi began offering sports markets ahead of the 2025 NFL Conference Championship games, but due to the nature of the contract types they’re offering, they can only offer “futures” bets right now — things like the who will win the Super Bowl, who will win the AFC, who will win the NHL’s Stanley Cup, who will be a team’s next head coach.

On Kalshi, you’re betting in percentages, not in American odds, though the platform is pretty intuitive for sports bettors not familiar with this pricing style.

Kalshi Pros ✅

1. Markets You Won’t Find Anywhere Else in the U.S.

Sportsbooks are at the mercy of state regulators when it comes to what they can offer. FanDuel famously offered political betting in West Virginia for about 10 minutes ahead of the 2020 presidential election before it was immediately shut down.

A prediction market like Kalshi has more freedom on some things, like politics and weather, and more restrictions on others, like sports. Kalshi has many of the exotic markets you’d always hear about at European sportsbooks, like what will the temperature be in.

Kalshi has hundreds of political markets, for everything from election odds to whether or not Congress will stop the ban on flavored e-cigarettes to specific people joining Donald Trump’s cabinet. This is stuff you can’t bet at legal, regulated sportsbooks like DraftKings and FanDuel, or at sweepstakes sportsbooks.

2. You Can Make Your Own Markets

Kalshi encourages users to submit their own markets, which they’ll post if they are legally allowed to, and if they feel it will generate enough liquidity. This used to be possible at some sportsbooks, but they were dictating the odds. You’d never get the price you want. Now, the market will decide how your price will unfold, which is pretty cool to watch.

3. Live Trading 

Prediction markets want to be more like stock markets instead of betting platforms in the promotion of live trading in and out of positions. At a sportsbook, you can cash out, but most people aren’t frequently cashing out their bets mid-game unless they stand to win a ton of money and want to lock some in, or something unique happens in the game, like an injury.

At Kalshi, they want you to trade into a position and monitor the live value (and potentially cash it out), not just wait til the end of the event when it settles. It’s more like a stock — I’m not riding Amazon stock until Amazon dissolves as a company. I’ll hold for a while, hope it goes up in value, and eventually I’ll sell it. 

That’s why the “Portfolio” tab is so prominent on Kalshi, and why they display your balance as both total cash available to trade and the live value of your existing positions. Because it’s a market dictated by what people are buying and selling, the value of your bets can go up, and you can sell your contracts for a profit (or at a loss if the odds have moved the other way), as long as there’s liquidity on the other side of the trade.

You can click into each individual position and see how the value has changed in real-time.

4. It’s Available in All 50 States

Sports bettors get frustrated when their favorite influencer or betting website brings up a platform that’s only available in four states. Kalshi is truly available in all 50 U.S. states, so it’s available to nearly every adult in the country.

5. You Can Bet the 'No' Side

A qualm for many sports bettors is that sportsbooks do let them bet the “no” side of most markets. You can’t bet a player not to score a touchdown, or a team to not win the Super Bowl. At Kalshi, you can bet the no on everything — it’s the very nature and purpose of the platforms to be able to bet both sides.

So if you really don’t think the Chiefs will win the Super Bowl, but you’re not sure if they’ll lose to the Bills in the AFC Championship Game or in the Super Bowl itself. So instead of trying to bet both the Bills and an NFC team to win, you can just bet against the Chiefs themselves. 

Kalshi Cons ❌

1. Many Markets Require … Patience

Gamblers are some of the least patient people on the planet. Especially now — I can bet a 10-1 same game parlay in the final five minutes of a European soccer match. It’s part of the reason we gamble.

So betting on the 2028 presidential election in 2025 feels foreign for many U.S. bettors. There are so many things you can bet on in between! Not all markets have year-long time horizons, but if you deposit $1,000 and bet a handful of political markets, your money might be tied up pretty quickly.

But that’s part of the reason prediction markets want you to think of them more like stock markets. If you bet Gavin Newsom to be the democratic nominee at 20% (about 5-1 odds) and he increases to 50% by this fall, you can cash that out and take a profit. You don’t have to wait until 2028 to recoup your money, if you don’t want to.

2. Sports Pricing

We’ll monitor Kalshi’s pricing as their sports market develop, but at launch, there are better prices available on the Super Bowl winner at traditional sportsbooks.

3. You’re Stuck With Percentages

Sporttrade, a sports betting exchange, allows you to view prices in either percentages or American odds, which are familiar to sports bettors. At Kalshi, you’re just getting percentages. It’s not hard to figure out the American odds if that’s what you’re used to, but it may be a small hurdle to get over for some sports bettors.

All contracts cost somewhere between 1 cent and 99 cents, and the winners all settle at $1, which is just a different way to arrive at the odds. 

Here’s an example for the next Dallas Cowboys head coach. Brian Schottenheimer is priced at 88 cents to become the coach, meaning one contract costs 88 cents — very likely that he’s the choice. If it wins, that contract will settle at $1, so you get your 88 cents back, and you get about 12 cents in profit. Scale that to any amount and you’ll get the same thing — a $100 bet returns about $12 in profit.

There’s a gap between the “yes” and “no” sides due to market uncertainty. 

Final Thoughts

From its CFTC regulation to its intuitive design, Kalshi provides a secure, transparent, and engaging experience for traders. Plus, with opportunities to earn bonuses and access diverse markets, Kalshi is perfect for anyone who wants to see more of what prediction markets have to offer. Why not start trading today and see how your predictions stack up?

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