The prediction market platform Kalshi is offering new users a promotion that allows them to trade $25 and receive up to $500 when they sign up. This offer is available to individuals interested in making predictions on various sports markets, including the upcoming NBA season.
The promotion, accessible with the promo code NYPMAX, requires users to verify their account and complete at least $25 in trades to qualify for the bonus. Kalshi allows users to trade contracts with peers on events such as golf, WNBA, MLB, and NFL games.
According to Kalshi users, the Philadelphia 76ers are favored to win the Eastern Conference next season, with a 23 percent chance. The New York Knicks follow with 19 percent, and the Boston Celtics with 15 percent. This market activity comes after significant offseason changes, including LeBron James joining the 76ers and a trade involving Jaylen Brown.
The promotion is available in numerous states and territories, including Alabama, California, New York, and Texas. However, it is not available in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, Nevada, and Ohio.
Users must be 18 years or older and possess a legal U.S. residential address within the specified states, District of Columbia, or U.S. territories. Kalshi operates as a prediction market where users can trade contracts on the outcome of future events.