Prediction markets are offering new users a trading bonus to participate in event-based contracts, including the upcoming FIFA World Cup match between Japan and Brazil. Kalshi, a prediction market platform, is providing a $15 bonus for users who trade $10 using the promo code NYPMAX.
Prediction markets allow individuals to trade contracts based on the outcomes of future events. The prices of these contracts fluctuate as traders adjust their assessment of the likelihood of each event occurring. For instance, a contract trading at $0.35 implies that traders collectively believe there is a 35% chance of that specific outcome happening.
Kalshi's current market for the Japan vs. Brazil match lists Brazil at -140 and Japan at +430. This follows a previous encounter in October where Japan overcame a two-goal deficit to defeat Brazil 3-2.
The platform is available in numerous U.S. 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, Wisconsin, and Wyoming. However, it is not available in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, Nevada, and Ohio.
Users must be at least 18 years old and possess a legal U.S. residential address within an eligible state, district, or territory to participate. The offer is subject to terms and conditions, and users are advised to gamble responsibly. This promotion is part of Kalshi's efforts to expand its user base in the growing prediction market sector.