Clarifying facts about the Kalshi referral program
- You can find your code in the referral section of your account.
- Your referrals need to enter the code during sign-up, or within 72 hours after, before the first deposit.
- The bonus amount can change from one account to another.
- Credits have seven days before expiring.
Pros and cons of the Kalshi referral program
Kalshi’s referral rewards come with multiple perks and a few downsides:
Pros
You and your referral get rewarded Easy to set up and share code Can be added up to 72 hours after sign-up if missed at firstCons
Bonus credit expires in just 7 daysTrade Yes/No event contracts at Kalshi
Kalshi lets you buy event contracts on the outcomes of real-world events. You get to make predictions on politics, sports, economics, crypto, culture, and climate.
The prediction market app will post questions about various events, and you buy a Yes/No contract on the result. If you are a big sports fan, you might get something like "Will the New York Knicks win the 2027 NBA championship? You can back Yes if you think they’re going to win it, or No if you don’t.
Once the market resolves, Kalshi will pay out $1 per successful contract. But if your forecast is wrong, the contract becomes worthless, and you get nothing. You can even choose to end your position early at the current market price if you want to lock in your profit or cut losses.
Watch out for Kalshi fees; these are charged on every trade you place. The fee is small, and your contract's price determines the amount. You can always see the exact fee before confirming your trade.
Kalshi rewards you for inviting friends to trade
Invite friends to register at Kalshi, and you both get rewarded. Traders on the prediction market site have their own referral code, and you’ll find yours in the referral section of your profile.
When you have a friend, you wish to invite, copy the code and share it with them to enter it in the provided space when signing up. Even if they didn’t fill it in when signing up, there's a grace period. They can still add the code within 72 hours in the “enter referral code” tab in the menu section, and that should be before making a first deposit.
Your referral will have to pass identity verification and place a valid trade before you receive your referral reward. This requirement usually appears under the Rewards section
For the rewards, the real bonus amount is not equal for all. It depends on the account. You will see your amount in the app anyway.
It is worth mentioning that the reward comes in bonus credits. You use them to trade before you can make a withdrawal. The credit itself isn't withdrawable.
The referral program comes with a 7-day expiry and other terms
Before you can claim and use the referral bonus, you need to meet several requirements. You have to be eligible and use the offer on time before it expires. Here are some terms to note:
Only traders in eligible states can claim the offer
You can claim the bonus only if you live in an eligible US state. It isn't available to international traders at the time of writing.
Use credits within 7 days or lose them
You only have 7 days to use the bonus credits, or else you’ll forfeit them. Once the credits expire, Kalshi won't reinstate them.
You have a referral bonus cap
There are limits on how much referral credit you can receive from referrals, which will be detailed in your account. Once you reach that cap, all referrals after this point will not give you any more rewards.
Codes can't be changed
Apply a referral code, and that’s it; it's locked in for life. You can't change it later if you want to use a different friend's code.
Trade event outcomes on Kalshi
Forecast major events with Kalshi
Trade world events on Kalshi
Sign up quickly to get your referral code
You can only get a referral code after you create an account and trade on Kalshi. The prediction market site requires basic details and identity verification. This is how you create your account:
- To visit Kalshi's website or to install the app, tap the banners on this page.
- Click the Sign Up button on the home page.
- Choose how you want to register: via Google, Apple or email.
- Enter the requested information and follow the next steps for your selected option.
- Verify your phone number and email address.
- Complete the registration process and log in.
You need to meet the requirements in the table below before signing up:
| Requirements | Details |
|---|---|
| Minimum age | 18 years |
| Identity verification | Government-issued ID and a utility bill |
| Location | Must be present in an eligible US state |
Once you meet these terms and complete your sign up, fund your account with an accepted payment method, and place a trade.
Kalshi offers other promotions and programs for traders
Besides the referral program, Kalshi promo codes offer other incentives and bonuses for traders. You get these promotions for signing up and trading on the prediction market app:
Welcome bonus
Kalshi welcomes new traders with a sign-up bonus of up to $500. You only need to register and trade with at least $25 to receive this offer. Note that the bonus and its terms often depend on your location, and they can change. So, always confirm before claiming.
Volume incentive program
You'd get rewards in the form of cashback if you trade higher volumes at Kalshi. For this type of offer, your bonus increases as you trade more. But it only works for eligible markets. You can get a maximum of $0.005 per contract from this bonus.
Liquidity incentive program
For this program, you get rewarded for placing resting limit orders that improve market liquidity. But it depends on the size of your order and how close you are to the best bid/ask. You only get paid if the order actually executes.
Bug Bounty program
You can get rewarded for just finding bugs or technical errors on the Kalshi app. Here, you need to report your findings privately through the official Kalshi Market Bug Bounty form. If eligible, you can receive rewards between $25 and $1,000 or more. The amount depends on how severe the bug is.
Receive prompt payouts after trading your bonus credits
If you use your referral bonus credits to trade and your predictions are accurate, you can withdraw your profits.
So, how does Kalshi payout work? You can withdraw funds using bank transfer, debit card, and cryptocurrencies. Head to the withdrawal section and select your preferred payment method and amount to cash out.
The prediction market app will process your payout. Crypto payouts typically take 30 minutes, while a bank transfer can take 1-3 business days.
Maximize your referral bonus by using it on time and staying updated
You can maximize your referral bonus and other Kalshi promotions when you always stay updated with the current terms, which can change, and trade the right events. Follow these other tips below:
Conclusion – Kalshi referral program is a useful extra, not the main attraction
Kalshi’s referral program is a decent perk. The biggest upside is the existing traders have a way to receive bonus credits through referring new people to Kalshi. When you already have friends who are into prediction markets, that makes the program worth it.
This reward is not as simple as getting cash in your account. You will need to perform a certain activity, and the amount of bonus isn't the same for every account either, so you have to sign up to see what applies. Lastly, you will have only 7 days to redeem the offer. It is a short time frame.
So, if the referral reward and other Kalshi promo sound interesting to you, you can sign up right now. Click the banners on this page to visit the official website to get started.
