Kalshi, a prediction market platform, is offering new users an incentive to engage with sports betting by providing a bonus of up to $500. To qualify, new users must sign up using the promo code NYPMAX, verify their account, and complete at least $25 in trades. This promotion is specifically aimed at sports enthusiasts interested in predicting outcomes across various sporting events.
The platform allows users to trade contracts with peers on markets including international soccer, WNBA, MLB, and preseason NFL games. The Premier League season is set to begin, with reigning champions Arsenal scheduled to play against newly promoted Coventry at Emirates Stadium. Among Kalshi users, approximately $1.1 million has been traded on the market for the Premier League champions, with 42 percent of participants predicting an Arsenal victory. Manchester City follows in market prediction with 20 percent, while Liverpool, Chelsea, and Manchester United round out the top five.
The Kalshi promotion is available in 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 D.C., West Virginia, and Wyoming. Event contract trading involves significant risk and is not appropriate for all individuals. Specific terms and conditions, eligibility requirements, and restrictions apply, as detailed on Kalshi's website.