Kalshi, a prediction market platform, is offering a promotional bonus for new users interested in trading contracts based on whether Major League Baseball players will be traded before the Aug. 3 deadline. New customers who register with the promo code NYPMAX can receive $500 in bonuses after completing $25 in trades.
The promotion is geared towards sports enthusiasts who wish to engage with the outcomes of the MLB trade market. Users can sign up, apply the promo code NYPMAX, verify their account, and execute at least $25 in trades to qualify for the bonus.
Kalshi operates in numerous U.S. states and territories, including Alabama, California, New York, and Texas, among others. However, it is not available in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, Nevada, and Ohio. Participants must be 18 years or older and possess a legal U.S. residential address within an eligible state, the District of Columbia, or U.S. territories.
Among the players traders are speculating on, Detroit Tigers pitcher Tarik Skubal is considered a significant name. According to Kalshi's market, there is approximately a 51% chance he will be traded. Luis Arraez of the San Francisco Giants is seen as the most likely player to be dealt, with an 88% probability in the market. Other teams expected to be active in the trade market include the Yankees, Dodgers, Cubs, Phillies, and Brewers.