Kalshi, a prediction market platform, is offering new users a promotion that allows them to receive up to $500 in bonuses by trading $25 on the platform. This offer is timed with the start of the NFL preseason.

The promotion is available to new users who sign up with the promo code NYPMAX. After entering the code and verifying their account, users must complete at least $25 in trades to qualify for the bonus. The platform allows users to trade contracts on various sports markets, including NFL preseason games, as well as golf, WNBA, MLB, and international soccer matches.

Kalshi operates in numerous 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, the promotion is not available in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, Nevada, Ohio, and Washington.

Kalshi emphasizes that event contract trading involves significant risk and may not be suitable for everyone. Potential users are advised to carefully consider their personal financial circumstances. The terms and conditions for the promotion can be found on Kalshi's website.