Kalshi is the CFTC-regulated prediction market available in all 50 US states. Multiple media partners run codes that all trigger the same $10 sign-up bonus, which credits to your account after you place $10 in qualifying trades. Below: the working codes, the redemption flow, and what to know before signing up.
What you actually get
Kalshi’s referral program credits a $10 bonus to new users after they place $10 in qualifying trades. Note this is different from the old offer (which required $100 in trades) — the threshold was lowered in 2026, making this one of the easiest sign-up bonuses to unlock.
- Bonus amount: $10 in trading credit
- Requirement: Place $10 in cumulative trades on any market
- Timing: Bonus credits automatically after trades clear
- Withdrawal: Bonus itself isn’t withdrawable; winnings from trades placed with it are
- Eligibility: New US-based accounts only, must be 18+
Which code should I use?
All of them work. They’re all referral codes for Kalshi’s partner program — the bonus is identical regardless of which one you enter. The difference is which media partner gets attribution. For full coverage of every option, see our all codes hub.
| Code | Partner | Status |
|---|---|---|
| GRINDERS | RotoGrinders | ✓ Active |
| COVERS | Covers.com | ✓ Active |
| GOAL | Goal.com | ✓ Active |
| CBSSPORTS | CBS Sports | ✓ Active |
| LABS | FantasyLabs | ✓ Active |
| RATE | DeFi Rate | ✓ Active |
| INSIDER | Vegas Insider | ✓ Active |
| ACTION | Action Network | ✓ Active |
How to redeem
- Open the Kalshi signup page. Go to kalshi.com/sign-up on web or download the Kalshi app.
- Enter your email and create a password. Or sign up with Google/Apple.
- Input the promo code in the bonus code field when prompted. Use GRINDERS or any other code from the table above.
- Complete identity verification. Photo ID, address, and SSN required (CFTC requirement).
- Deposit at least $1 via bank transfer, debit card, or other supported method.
- Place $10 in trades across any markets. The $10 bonus credits automatically afterward.
State availability
Kalshi is federally regulated by the CFTC and operates in most US states. As of May 2026, sports event contracts are restricted in some states even though political, economic, and pop culture markets remain available:
- Generally restricted (sports markets): Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, Nevada, Ohio
- Ohio (May 2026): Sports markets temporarily blocked, but political/economic/pop culture markets fully available — enough to clear the $10 bonus
- Nevada: Sports contracts unavailable; other markets fine
Even in restricted states, you can usually still sign up and trade non-sports markets to unlock the bonus. See our state legality guide for more on regional restrictions.
How Kalshi compares to other prediction markets
If you’re choosing between platforms, here’s the short version:
| Platform | Bonus | Availability | Funding |
|---|---|---|---|
| Kalshi | $10 after $10 in trades | All 50 states | USD bank/card |
| Polymarket | $20 + waitlist skip | Limited US states | USDC/pUSD crypto |
| Robinhood | $5-$200 free stock | All 50 states | USD bank/card |
| Manifold | M$1,000 free play | Most regions | Free (play money) |
For a deeper comparison, read Polymarket vs Kalshi.