Kalshi Promo Code Use code RATE: trade $10, get a $25 bonus
The Kalshi promo code is RATE. Enter it when you sign up, trade at least $10, and Kalshi adds a $25 trading credit within 24 hours, whether your trades win or lose. Available in 48 states and DC.
Opens kalshi.com · enter RATE at sign-up if it isn’t already applied
- Minimum deposit
- $10
- You trade
- $10 within 90 days
- Bonus arrives
- Within 24 hours
- Use it within
- 7 days
- Where
- 48 states + DC · not Michigan or Nevada Check your state
- ✓ CFTC-regulated exchange
- ✓ Verified Sep 23, 2026
- ✓ Paid win or lose
- ✓ Credit within 24 hours
New customers, 18+. The bonus is trading credit; winnings from it are withdrawable. One per person; can’t be combined with a referral link. DeFi Rate earns a commission when you sign up through our link. Event contracts carry risk of loss. Terms we checked
Kalshi promo code summary
| Promo code | RATE |
|---|---|
| Sign-up bonus | $25 in trading credit |
| To qualify | Trade $10 within 90 days |
| Minimum deposit | $10 |
| Eligible states | 48 states + DC (not MI, NV) |
| Minimum age | 18 |
| App | iOS, Android and web |
| Offer ends | Ongoing |
| Last verified | Sep 23, 2026, 10:00 AM ET |
- The biggest US prediction market: $13.6B traded in 30 days, 85% of the volume we track
- The bonus pays out whether your first trades win or lose
- Sports, politics, the Fed, weather and crypto in one app
- CFTC-regulated, with USD deposits by bank, card or crypto
- Fees on most sports and economics trades (up to 1.75¢ a contract)
- The $25 is credit, not cash, and expires after 7 days
- Not available in Michigan or Nevada
Kalshi promo code terms, in plain English
Every condition in Kalshi’s promotion terms, and what it means for you.
| Term | What Kalshi requires | What it means for you | |
|---|---|---|---|
| Who can claim | New Kalshi customers, 18 or older, in an eligible state. | If you’ve had a Kalshi account before, the code won’t work. Michigan and Nevada are excluded. | |
| When to enter the code | During registration. | There’s no way to add RATE after your account is created, so enter it before you finish signing up. | |
| Minimum deposit | Minimum deposit | 0 | You need at least $10 in your account to make the qualifying trades anyway. |
| What you have to do | Trade at least $10 in event contracts within 90 days of signing up. | Any market counts, and the $10 can be split across several trades. | |
| Win or lose? | The bonus is paid either way. | Even if your $10 of trades lose, you still get the $25 credit. | |
| When it arrives | Within 24 hours of meeting the requirement. | It appears as trading credit in your Kalshi balance. | |
| What the bonus is | $25 in trading credit, used on Kalshi’s prediction markets. | You can’t withdraw the credit itself, but anything you win with it is yours to withdraw. | |
| Expiration | The credit expires 7 days after it’s granted. | Plan to use it within a week. | |
| Limits | One per person and account. Can’t be combined with a friend’s referral link. | Pick one: code RATE or a friend’s referral link. | |
| Identity check | Photo ID plus a selfie holding it. | Standard for any US-regulated exchange. Have your ID ready before you start. | |
| Offer end date | None announced. | The offer is ongoing. We check it every morning and log any change here. | |
| Taxes | Kalshi reports bonuses and rewards on Form 1099-MISC. | The bonus may count as taxable income; keep records. |
Get your $25 in four steps
- Sign up with code RATE. Open Kalshi through our link, tap Sign up, and enter RATE in the “Got a promo code?” field before you finish registering.
- Verify your identity. Enter your name, date of birth, address and Social Security number, then upload a photo ID and a selfie holding it.
- Deposit at least $10. Bank transfer and crypto are free; debit card, Apple Pay and Google Pay cost 2%.
- Trade at least $10. Any event contracts count. Your $25 credit lands within 24 hours, win or lose. Use it within 7 days.
Code not working?
Codes only work on new accounts, and only if entered during registration. If you already have a Kalshi account, or skipped the code field, the bonus can’t be added afterward. If you used a friend’s referral link, the promo code won’t apply on top of it. Still stuck? Contact Kalshi support from the app’s Help section.
What your $25 could return right now
Kalshi prices from our live market pages, and what $25 of credit would return if you’re right, before fees.
Is the Kalshi bonus available in my state?
Yes in 48 states and Washington, D.C. Not in Michigan or Nevada.
All states and DC
| State | Bonus | Note | Active legal matters |
|---|---|---|---|
| Alabama | ✓ Bonus available | — | 1 |
| Alaska | ✓ Bonus available | — | 0 |
| Arizona | ✓ Bonus available | — | 4 |
| Arkansas | ✓ Bonus available | — | 0 |
| California | ✓ Bonus available | — | 7 |
| Colorado | ✓ Bonus available | — | 0 |
| Connecticut | ✓ Bonus available | — | 6 |
| Delaware | ✓ Bonus available | — | 0 |
| District of Columbia | ✓ Bonus available | — | 3 |
| Florida | ✓ Bonus available | — | 0 |
| Georgia | ✓ Bonus available | — | 2 |
| Hawaii | ✓ Bonus available | — | 0 |
| Idaho | ✓ Bonus available | — | 0 |
| Illinois | ✓ Bonus available | — | 8 |
| Indiana | ✓ Bonus available | — | 0 |
| Iowa | ✓ Bonus available | — | 1 |
| Kansas | ✓ Bonus available | — | 0 |
| Kentucky | ✓ Bonus available | — | 6 |
| Louisiana | ✓ Bonus available | — | 0 |
| Maine | ✓ Bonus available | — | 0 |
| Maryland | ✓ Bonus available | — | 5 |
| Massachusetts | ✓ Bonus available | — | 7 |
| Michigan | ✗ Not available | Kalshi’s terms exclude Michigan. | 5 |
| Minnesota | ✓ Bonus available | — | 3 |
| Mississippi | ✓ Bonus available | — | 0 |
| Missouri | ✓ Bonus available | — | 1 |
| Montana | ✓ Bonus available | — | 1 |
| Nebraska | ✓ Bonus available | — | 0 |
| Nevada | ✗ Not available | Kalshi’s terms exclude Nevada, where the Ninth Circuit ruled against Kalshi’s sports contracts on Aug 28, 2026. | 9 |
| New Hampshire | ✓ Bonus available | — | 0 |
| New Jersey | ✓ Bonus available | — | 3 |
| New Mexico | ✓ Bonus available | — | 6 |
| New York | ✓ Bonus available | — | 25 |
| North Carolina | ✓ Bonus available | — | 0 |
| North Dakota | ✓ Bonus available | — | 0 |
| Ohio | ✓ Bonus available | — | 5 |
| Oklahoma | ✓ Bonus available | — | 0 |
| Oregon | ✓ Bonus available | — | 1 |
| Pennsylvania | ✓ Bonus available | — | 0 |
| Rhode Island | ✓ Bonus available | — | 2 |
| South Carolina | ✓ Bonus available | — | 1 |
| South Dakota | ✓ Bonus available | — | 0 |
| Tennessee | ✓ Bonus available | — | 2 |
| Texas | ✓ Bonus available | — | 1 |
| Utah | ✓ Bonus available | — | 1 |
| Vermont | ✓ Bonus available | — | 0 |
| Virginia | ✓ Bonus available | — | 1 |
| Washington | ✓ Bonus available | — | 6 |
| West Virginia | ✓ Bonus available | — | 0 |
| Wisconsin | ✓ Bonus available | — | 7 |
| Wyoming | ✓ Bonus available | — | 0 |
“Active legal matters” counts cases in our litigation tracker. A case doesn’t change bonus eligibility, but some states are challenging sports contracts.
Kalshi promos for existing users, and promo code vs. referral
| Promo code RATE | Friend’s referral link | |
|---|---|---|
| Who it’s for | New customers | New customers invited by a user |
| Bonus | $25 trading credit | Varies |
| How to use | Enter at registration | Open the link before registering |
| To qualify | Trade $10 | Kalshi’s referral terms |
| Combine? | No. Use one or the other. | |
Kalshi’s bonus vs. other prediction market bonuses
Every sign-up offer we check each morning. All promo codes →
| Availability | ||||
|---|---|---|---|---|
| Kalshi This pageTrade $10, Get $25 | $25 | $10 | RATE | All states and DC except Michigan and Nevada |
| Polymarket USDeposit $10 get a $25 trading bonus | $25 | $10 | RATE | All states and DC except Nevada |
| FanDuel PredictsTrade $5, Get $100 | $100 | $5 | none | All 50 states and DC |
| DraftKings PredictionsTrade $5+, Get $150 in Bonuses | $150 | $5 | none | All states and DC except Maine and New Hampshire |
| Fanatics MarketsTrade match bonus of up to $75 | $75 | $75 | none | All 50 states and DC |
| OG PredictionsTrade $10, Get $10 | $10 | $10 | none | All 50 states and DC |
Is the Kalshi promo worth it? Yes, for almost anyone new
A $25 credit for $10 of trading is one of the easiest bonuses to clear: the bar is low, you keep the bonus even if your first trades lose, and Kalshi has the widest range of markets to use it on. The catches are small: the credit can’t be withdrawn directly and expires after a week. If the biggest possible bonus matters most, Polymarket US pays $25 on a $10 deposit; many people claim both. Overall rating: 4.7 out of 5.
Kalshi, explained
What is Kalshi?
Kalshi is a US exchange where you trade yes-or-no contracts on real events: games, elections, the Fed, the weather and more. Each contract pays $1 if the answer is yes and nothing if it’s no, so the price is the market’s estimate of the chance. You trade against other people, not a house, and you can sell before the event ends. It’s the largest prediction market in the US by volume.
Is Kalshi legit and legal?
Yes. Kalshi has been a CFTC-designated contract market, a federally regulated exchange, since November 2020, and it clears its own trades through Kalshi Klear. It holds SOC 2 Type II certification for data security. Some states dispute whether its sports contracts are gambling, and federal appeals courts have split on the question; our litigation tracker follows every case. Those disputes don’t affect the bonus in eligible states.
How Kalshi’s fees work
Kalshi charges a small fee when your order trades against one already on the book: 0.07 × contracts × price × (1 − price), rounded up to the cent. It’s highest at 50¢, where 100 contracts cost $1.75 in fees, and falls toward 1¢ and 99¢. Orders that wait on the book (maker orders) pay less. Financial markets such as the S&P 500 and Bitcoin use half the rate, and most politics markets carry no fee.
Deposits and withdrawals
| Method | Deposit fee | Deposit speed | Withdrawal |
|---|---|---|---|
| Bank transfer (ACH) | Free | 1–4 days | Free, 3–5 days |
| Debit card | 2% | Instant | $2, about 30 minutes |
| Apple Pay / Google Pay | 2% | Instant | – |
| Crypto (USDC, BTC, SOL) | Network fees | Instant | Network fees, about 30 minutes |
| Wire | Free ($1,000 minimum) | 2–3 days | – |
The minimum is $10 for most methods. Kalshi may hold a withdrawal for a few days after a new deposit, depending on how you funded the account.
Kalshi vs. a sportsbook
- Prices, not odds: a 62¢ contract means about a 62% chance.
- No house: you trade with other people, so there’s no built-in margin; Kalshi charges a fee instead.
- Exit any time: sell your position before the event ends if the price moves your way.
- Federal regulation: the CFTC oversees Kalshi, which is why it operates in states without legal sports betting, such as California and Texas.
Trading responsibly
Any trade can lose its full cost. Kalshi offers deposit limits, trading limits and self-exclusion in its account settings. If trading stops being fun, call or text 1-800-GAMBLER.
Methodology
An editor checks the code and Kalshi’s promotion terms every morning. Prices are from our live market pages. Volume comes from DeFi Rate’s market data. Full methodology →
Full methodology
Data and sources
- Source records for every number on this page: contracts, quote types, calculations and history
- DeFi Rate prediction-market methodology: how we price, average and label every figure
- Permanent snapshot, Sep 23, 10:00 AM ET: a frozen copy for citation
- Kalshi promo code terms (CSV)
- Kalshi bonus availability by state (CSV)
- Prediction market sign-up bonuses (CSV)
- Every figure and contract on this page (CSV)
Questions
What is the Kalshi promo code?
How do I get the Kalshi $25 bonus?
Is the Kalshi bonus real money?
Where is the Kalshi promo code available?
Can I add the promo code after signing up?
Does Kalshi have promos for existing users?
What’s the difference between a promo code and a referral link?
Is Kalshi legal?
About the authors
Christopher Feery has written professionally since 2014 and has covered the gambling industry full time since New Jersey legalized sports betting in 2018.
Cheryle Shepstone is DeFi Rate’s Director of Content and Strategy and oversees its prediction-market research, platform reviews and editorial methodology.