Kalshi Promo Code LABS: Get Up to $500 (July 2026)

The current Kalshi promo code is LABS. New users who enter it at signup and complete just $25 in qualifying trades unlock a bonus of up to $500 (see the full breakdown below).

Kalshi is a federally regulated prediction market where users trade contracts on sports, politics, economics, weather, and other real-world events. Unlike a traditional sportsbook, prices move based on market demand, giving you the flexibility to buy and sell contracts before they settle.

Sign up with Kalshi promo code LABS to claim the Trade $25, Get up to $500! welcome offer and start trading today.

This guide covers how to qualify for the bonus, who’s eligible, and the best markets to explore this week.

TL;DR

• Kalshi’s welcome offer is Trade $25, Get up to $500!: new users who enter promo code LABS at signup and complete $25 in qualifying trades receive a bonus credit of at least $15, up to $500.
• Kalshi is a CFTC-regulated prediction market, legal and available to users 18+ in most U.S. states (excluding AZ, IL, MA, MD, MI, MT, NV, and OH).
• The bonus is trading credit, not cash: it carries a 1x rollover and must be used within 7 days of being granted.
• Kalshi markets cover sports, politics, economics, weather, and entertainment, with contracts settling at $1 or $0.
• Unlike a sportsbook, Kalshi lets you buy and sell positions before an event ends, since prices move with market demand.

Kalshi Promo Code LABS & Welcome Offer Facts

😴 Kalshi Promo Code	LABS
🤑 Kalshi Signup Bonus	Trade $25, Get up to $500!
💵 Minimum Deposit	$25
✅ Kalshi Legal States	42 States (Not in AZ, IL, MA, MD, MI, MT, NV, and OH)
📝 Terms and Conditions	Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NV, and OH.
🎯 Last Verified by FantasyLabs	July 22, 2026

Does Kalshi Have a Sign-Up Bonus?

Yes. New users can Trade $25, Get up to $500! with promo code LABS

Once you’ve verified your identity and met the qualifying trade requirement, Kalshi automatically credits the bonus to your account.

Compared to many sportsbook welcome offers, Kalshi’s promo is easy to get: it doesn’t require a large qualifying wager, just $25 in trades, and carries only a simple 1x rollover before the bonus becomes withdrawable.

Kalshi Welcome Bonus vs Competitors

📈 Platform	🎁​ Welcome Offer	💰 Promo Code	📝 T&C
Polymarket	Deposit $20, Get $50 Trading Bonus!	LABS	Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NV, and OH.
FanDuel Predicts	Make any Trade & Get $25 in Predicts Bonus!	No promo code needed!	Offered by FanDuel Prediction Markets LLC, a registered futures commission merchant. 18+ and present in select states. First real money trade only. First-time deposit required. Bonus is non-withdrawable and expires 7 days after receipt. Restrictions apply, including minimum trade amounts. Trading derivatives involves significant risk and may not be suitable for all investors. Manage your activity with our Consumer Protection tools. See terms, including eligible states, at https://www.fanduel.com/predicts/new-customer-offer.
⭐ Kalshi	Trade $25, Get up to $500!	LABS	Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NV, and OH.
Novig	Spend $25, Get $50 in Novig Coins!	BCLABS	Players must be 21+ and be residents of the U.S. Void where prohibited. Mobile only. Please play responsibly.
ProphetX	Trade $10, Get $20!	LABSMAX	Subject to regulatory approval. Limited time offer. T&Cs Apply.

Another great alternative to Kalshi is SI Predict. Check out our review!

How the Kalshi Offer Works

After creating your account and funding it, you can complete the requirement through one trade or many smaller trades. Many new users start with active markets like the 2026 WNBA or MLB regular seasons, but any eligible market counts toward the requirement.

For example:

1. Trade a few dollars on Tigers vs. Cubs (Wednesday, July 22, at 8 p.m. ET on ESPN).
2. Place another trade on Royals vs. Tigers (Thursday, July 23, at 6:40 p.m. ET on MLB Network).
3. Then a couple more bucks on the Yankees vs. Phillies (Friday, July 24, at 6:40 p.m. ET on Apple TV).

Your trades don’t have to be profitable to qualify. Once you’ve completed $25 in qualifying trades, Kalshi credits your bonus — a reward of up to $500 — which must be used within 7 days.

How Much of the Bonus Do You Get

The bonus is a variable reward, so the exact amount is assigned within a set range. Every qualifying user gets at least $15, and a small share get more.

• $15 — 70% of participants
• $35 — 24% of participants
• $75 — 5% of participants
• $100 — 0.65% of participants
• $500 — 0.35% of participants

What counts as a qualifying trade?

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Any real-money trade on an eligible Kalshi market counts toward the $500 requirement. Trades don’t have to be profitable, and you can meet the requirement with one $25 trade or several smaller ones. Bonus-credit trades and paper (simulation) trades don’t count.

6 Steps to Get the Up to $500 Trading Bonus

1. Click our links to download the Kalshi app or sign up on their website.
2. Enter the Kalshi promo code LABS during registration.
3. Verify your U.S. identity (must be 18+) to comply with federal exchange regulations.
4. Deposit at least $25 in your new account.
5. Place $25 in real-money trades on popular markets (like the 2026 MLB or WNBA regular seasons).
6. Once you trade a total of $25, Kalshi will add your bonus — worth up to $500 — to your portfolio.

Since Kalshi operates as a regulated financial exchange under the watchful eye of the CFTC, your trades are based on real-world events rather than traditional sports betting lines.

Promo Code vs. Referral Link: Where to Find Your Kalshi Referral Code

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If you’re wondering where to find a Kalshi referral code, the answer depends on whether you’re creating a new account or inviting friends.

New users can enter our referral code LABS during sign-up by tapping “Enter referral code” on the birthday screen. If you skip that step, Kalshi lets you add the code within 72 hours of creating your account, as long as you haven’t made your first deposit. Just open the menu and select “Add referral code.”

If you sign up through one of the verified FantasyLabs links on this page, you won’t need to enter the code manually. Your qualifying Trade $25, Get up to $500! offer will be applied automatically.

If you’re an existing Kalshi user looking for your own referral code, open the account menu and select “Invite Friends” (sometimes labeled “Refer a Friend”). From there, you can copy your unique referral link and share it with friends to earn any available referral rewards.

Top Kalshi Contracts to Watch This Week

Kalshi’s busiest prediction markets are often the best place for new users to complete the $25 qualifying trade requirement.

Big sporting events like the 2026 MLB regular season usually create the highest trading activity, while politics, economics, and weather markets remain active year-round.

⚾️ 2026 MLB Regular Season

Now that the MLB regular season has entered the second half of games, every matchup carries additional intensity. As teams begin to jockey for postseason positioning, every game becomes more exciting to trade. Here are the two primetime MLB games tonight being broadcast on ESPN to watch live and trade:

Nationally Televised MLB Games Today

Matchup	Day & Time (ET)	Network	Odds to Win
Dodgers vs Phillies	Thursday, July 22, at 7:40 p.m.	TBS	Dodgers 52% Phillies 48%

In addition to individual MLB games, other baseball markets on Kalshi to trade include:

• Award Winners
• Division Winners
• Playoff Qualifiers
• World Series Matchup
• World Series Winner

💡3 Quick Trading Strategies for Kalshi Beginners:

• Analyze Historical Trends: Past market behavior usually provides a baseline for future movement.
• Paper Trade First: Use Kalshi’s simulation features to practice executing trades without risking your cash.
• Trade the News Cycle: Live prices shift instantly; staying updated on breaking news is your biggest edge.

Advanced Strategies: Combos, Arbitrage & Hedging

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Kalshi Combos (Parlays): Combos allow you to bundle multiple single-event outcomes into one trade. However, you cannot mix different market categories (e.g., combining a sports contract with a political contract). You can only build correlated Combos within the same category.

Arbitrage & Hedging: Because Kalshi operates a live order book, prices shift until the event concludes. This creates unique opportunities:

• Arbitrage: Buy shares at a low price and sell them for a guaranteed profit before the event even starts if breaking news shifts the market probability.
• Hedging: Buy “Yes” shares on an outcome today, and buy “No” shares later if prospects change, allowing you to mitigate potential losses.

Kalshi’s Referral Bonus Program: Earn up to $500 by Inviting Friends

Once active on Kalshi, share your unique referral link to earn more bonuses.

When a friend signs up, verifies their identity, and transacts at least $25 within 7 days of opening their account, you and your friend each become independently eligible for your own bonus of up to $500. One person’s amount doesn’t depend on the other’s. You can refer up to 40 friends.

You can also share the Kalshi promo code LABS with your friends to Trade $25, Get up to $500!

If you and your friends would rather trade for free, the Manifold Markets bonus code might be for you.

What is Kalshi?

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Kalshi is a federally regulated prediction market where users trade contracts on the outcome of real-world events. Instead of placing traditional sportsbook wagers, users buy and sell “Yes” or “No” contracts whose prices change based on market activity.

Markets cover sports, politics, economics, weather, entertainment, and many other topics. Winning contracts settle for $1, while losing contracts settle for $0.

Key Differences from Traditional Sportsbooks:

• Exit Early: You don’t have to wait for an event’s final settlement. Buy in at one price and sell dynamically if the market moves in your favor via the “Portfolio” tab.
• Trade on “No”: Traditional sportsbooks rarely let you bet against an outcome. On Kalshi, you can buy “No” shares to trade on the negative (e.g., a specific team will not win the championship).

Note: Crypto.com is a similar exchange platform that offers sports trading, though it lacks Kalshi’s extensive pop culture and political markets.

Kalshi vs. Polymarket

Kalshi and Polymarket both offer prediction markets, but they work a bit differently when it comes to regulation, funding methods, and availability.

Feature	Kalshi Exchange	Polymarket
Regulatory Status	CFTC-Regulated	CFTC-Regulated
Primary Currency	U.S. Dollars (Fiat)	U.S. Dollars (Fiat)
U.S. Market Variety	Sports, Politics, Economics, Pop Culture, and more	Sports, Politics, Economics, Temperature, Tech, Culture, and more
Welcome Offer	Trade $25, Get up to $500!	Deposit $20, Get $50 Trading Bonus!
Promo Code	LABS	LABS
Exit Strategy	Yes, sell shares dynamically on live order book	Yes, sell shares dynamically on live order book
Devices	Desktop and Mobile app	Only mobile app
Best For	Desktop users	Mobile users

Another generous signup bonus that our users love is the Sleeper promo code, though it gets you an offer for DFS rather than sports trading.

Security & CFTC Regulations

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Kalshi is regulated by the Commodity Futures Trading Commission (CFTC), making it one of the few federally regulated prediction markets available in the United States.

• Secure Transactions: Bank-grade encryption protects all deposits, ACH withdrawals, and personal data.
• 2FA Protection: Mandatory Two-Factor Authentication secures your account.
• Liquidity: Supported by deep liquidity, ensuring fast and reliable payouts when markets settle.

For more on financial platform sign-ups, see our review of the Robinhood signup bonus

Is Kalshi legit?

Yes. Kalshi is a federally regulated prediction market exchange in the U.S. It’s overseen by the CFTC, which makes it different from offshore or unregulated prediction platforms.

Is Kalshi Legal in My State?

Kalshi is available in most U.S. states, including California, Texas, and Florida.

Sports markets are currently unavailable in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, and Ohio, while Nevada doesn’t have access to Kalshi.

State	Sports Markets	Other Markets (Politics/Economics/etc.)
Arizona	❌ Unavailable	✅ Available
Illinois	❌ Unavailable	✅ Available
Massachusetts	❌ Unavailable	✅ Available
Maryland	❌ Unavailable	✅ Available
Michigan	❌ Unavailable	✅ Available
Montana	❌ Unavailable	✅ Available
Ohio	❌ Unavailable	✅ Available
Nevada	❌ Unavailable	❌ Kalshi unavailable statewide
All other 42 states	✅ Available	✅ Available

Legal Updates

• Tennessee (February 2026): A federal court allowed Kalshi’s sports markets to remain available while the lawsuit continues, ruling they likely fall under federal CFTC oversight.
• Ohio (March 2026): A federal judge denied Kalshi’s request for an injunction, temporarily blocking sports markets for Ohio residents. Political and economic markets remain available.
• Nevada (March 2026): Kalshi remains completely unavailable in Nevada while appealing the state’s enforcement action in the Ninth Circuit.
• Michigan (June 2026): A state judge temporarily blocked Kalshi from offering sports markets, accepting deposits, advertising, or opening new accounts while the case proceeds. Kalshi has said it plans to appeal, arguing federal commodities law—not state gaming law—governs its prediction markets.

Kalshi says its sports contracts are regulated by the CFTC, while several states argue they should be regulated under state gambling laws. The legal status may continue to change as these cases move forward.

Kalshi Deposit & Withdrawal Methods

Kalshi supports ACH transfers, debit cards, PayPal, Venmo, Cash App, and USDC. ACH deposits are free, while debit card deposits include a processing fee.

Payment Method	Deposit Fee	Withdrawal Fee	Notes
ACH Bank Transfer	$0 (Free)	$0 (Free)	Standard banking processing times.
Debit Card (Apple/Google Pay)	2% Processing Fee	N/A	Fastest funding method.
PayPal & Venmo	$0	Varies	Available for U.S. users; may vary by state.
Cash App	$0	N/A	Deposit-only method.
Crypto & Wire Transfer	$0	Varies	Best for high-volume traders.

Contract Pricing & Bank Withdrawals

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Kalshi displays market prices as contracts that trade between 1 cent and 99 cents. The price reflects the market’s estimated probability of an outcome occurring. For example, a contract trading at 60 cents implies a 60% chance of that event happening. If your prediction is correct, the contract settles at $1.

It’s also important to keep bank processing times in mind. Withdrawals are typically processed through ACH transfers, which don’t move on weekends or federal holidays. If you request a withdrawal late on a Friday, it may not begin processing until the next business day. Planning ahead can help ensure you have funds available for upcoming MLB matches and other trading opportunities.

While Kalshi offers its own contracts, it has also partnered with entities like Sleeper Markets and PrizePicks to host prediction markets externally.

Does Kalshi charge “vig” like sportsbooks?

Kalshi doesn’t charge a traditional sportsbook vig. Instead, it applies transaction fees based on the contracts you trade.

• Kalshi Commission: Instead of charging flat commissions or subscription fees, Kalshi generates revenue through transaction fees.
• Trading Fees: Kalshi charges a variable percentage fee based on a contract’s expected earnings (maximum potential earnings × implied probability).
• Maker Fees: Some markets charge a fee for resting orders on the order book.
• Cancellation Fees: $0. You can back out of a resting trade without penalty before it executes.

If you want to avoid variable exchange fees entirely, a social prediction market like Verse Picks is an alternative option.

Kalshi Tax Obligations (2026)

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As a CFTC-regulated financial exchange, your Kalshi earnings are subject to standard tax reporting. Keep this in mind:

• Capital Gains: Profits are recorded on IRS Form 8949 and summarized on Schedule D.
• FIFO Accounting: Kalshi uses First-In, First-Out to calculate gains/losses.
• 1099 Forms: If you exceed regulatory earnings thresholds, Kalshi will automatically issue a 1099-MISC or 1099-INT.

Always consult a tax professional to ensure your trading activity is reported correctly.

To see how Kalshi compares to another US exchange, see our review of the Polymarket promo code and FanDuel Predicts promo code.

Kalshi User Experience: Expert Review

Don’t be surprised if Kalshi feels a little different the first time you log in. Unlike sportsbooks and DFS apps, it’s built around trading prediction markets, so there’s a bit more information on screen. The good news is that most users pick it up pretty quickly.

• 💼 The Pro View: Best utility for closing line value and custom event markets.
• ​🔧 The Utility: Real-time portfolio management allows you to exit positions early to lock in profits.
• ✅ The Verdict: Superior option for serious market makers, but a steeper learning curve for recreational users.

Another plus is that Kalshi is legal in 42 states—online sportsbooks and most DFS apps can’t say the same.

World Cup Partnership: Kalshi and ADI PredictStreet

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Kalshi got even more exposure during the 2026 World Cup through a partnership with ADI PredictStreet, FIFA’s Official Prediction Market Partner. The collaboration gave Kalshi a bigger presence throughout the tournament while expanding World Cup prediction markets.

With billions of dollars traded during the tournament, Kalshi has become one of the most active prediction market platforms for soccer.

Responsible Trading on Kalshi

Prediction market trading involves real financial risk, and no strategy guarantees a profit. Only trade with money you can afford to lose, and treat any welcome bonus as a way to explore the platform, not as a substitute for a budget.

Here are some responsible trading tools and tips you can implement:

• Set limits before you start. Decide how much you’re willing to trade and stick to it.
• Don’t chase losses. Trying to win back a losing position with a bigger one is how small losses become large ones.
• Treat it as entertainment, not income. Kalshi is a market, not a paycheck.

If trading is starting to feel like a problem for you or someone you know, help is available 24/7 through the National Problem Gambling Helpline at 1-800-GAMBLER.

Final Thoughts: Is the Kalshi Promo Code LABS Worth It?

Kalshi is a good option for beginners interested in prediction markets thanks to its wide selection of markets and federal regulation.

Ready to jump in? Sign up with Kalshi promo code LABS to unlock the Trade $25, Get up to $500! welcome offer. Once you’ve completed $25 in qualifying trades, Kalshi will credit your bonus — worth up to $500 — to your account.

Ready to claim your next welcome offer? I’d recommend checking out the Underdog promo code.

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Kalshi Promo Code LABS FAQs

Here are some FAQs about the Kalshi sign-up bonus and promo code:

What is the Kalshi sign-up bonus?

The Kalshi sign-up bonus is Trade $25, Get up to $500! when you register with promo code LABS. Kalshi adds this site credit to your portfolio once you verify your identity and complete $25 in real-money trades. The bonus carries a simple 1x rollover — you trade an amount equal to the credit before it becomes withdrawable.

How do I claim the Kalshi promo code offer?

To claim the offer, enter the Kalshi promo code Trade $25, Get up to $500! during registration on the Kalshi app or website. After signing up, you must complete your identity verification and place $25 in trades on any market to trigger the bonus credit.

Is the Kalshi $25 bonus withdrawable, or trade-only credit?

The $25 bonus is trading credit added to your Kalshi portfolio, not instant cash. You use it to place trades, and it becomes withdrawable after you trade an amount equal to the credit (a 1x rollover). The credit must be used within 7 days, and any profits are subject to Kalshi’s standard withdrawal process.

Can I lose my own $25 and still keep the $500 bonus?

Yes. The offer requires $25 in qualifying trades, not $25 in winnings. So even if your initial $25 doesn’t pan out, the bonus is still yours.

Can I get a Kalshi Promo Code on Reddit?

Reddit can be a useful place to find discussions about Kalshi promotions, but the promo codes on Reddit can be unverified. Before using a code you find online, make sure it’s still active and is valid. FantasyLabs readers can use promo code LABS to trade $25 and receive a bonus of up to $500.

How do Kalshi referral bonuses work?

The referral program makes both you and your friend independently eligible for your own bonus of up to $500 when they sign up via your link, verify their identity, and trade at least $25 within 7 days of opening their account. You can refer up to 40 friends, and each person’s bonus amount is separate.

Can I add the Kalshi promo code after signing up?

Yes. If you don’t enter the code during registration, Kalshi allows eligible users to add a referral code within 72 hours of creating an account, provided they haven’t made their first deposit. If you sign up through the FantasyLabs link on this page, the offer is typically applied automatically.

What is Kalshi, and how does it work?

Kalshi is a CFTC-regulated financial exchange where users trade “Yes” or “No” shares on the outcome of real-world events. Instead of traditional betting, you buy contracts on events like elections, economic data, and sports. Prices (1¢ to 99¢) reflect the market’s implied probability, and winning trades always settle at $1.

What types of markets can I trade on Kalshi?

Kalshi offers hundreds of daily event contracts across sports, politics, economics, weather, and pop culture. You can trade on anything from NBA game winners and NFL Draft positions to inflation rates, Academy Award winners, and federal election results.

Is Kalshi legal and regulated?

Yes, Kalshi is legal in 42 U.S. states and operates under the direct oversight of the Commodity Futures Trading Commission (CFTC). As a regulated financial exchange, it follows strict federal guidelines for fund security and consumer protection, making it a legal alternative to offshore betting platforms.

If you’re interested in DFS over predictions trading Kalshi, try out the Dabble promo code.