Kalshi, a U.S.-based prediction market, is offering new users a $10 bonus when they sign up with the promo code NYPMAX and make at least $10 in trades. This promotion is available to users in specific states and territories, allowing them to trade on the outcomes of various events.
The bonus can be applied to a range of markets, from sporting events like the World Cup to contracts related to politics and weather. Prediction markets operate by enabling users to buy and sell contracts tied to the probability of future events. The market price of a contract reflects the collective belief of traders regarding the likelihood of a specific outcome.
For instance, if a contract is trading at $0.65, it suggests that traders perceive a 65% chance of that particular event occurring. The platform is accessible in states and territories including Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Mexico, New York, New Jersey, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Washington D.C., West Virginia, and Wyoming. Users must be 18 years or older and possess a legal U.S. residential address within an eligible state or territory.