What Is the Kalshi Referral Program?
Ever seeking to attract new traders to its platform, Kalshi has conjured up a simple referral program that rewards you for bringing new members on board. This is one of only a very small handful of promotions associated with the brand, so if you know someone who would enjoy trading Kalshi event contracts as much as you, the program is certainly worth taking advantage of.
Claim $25 in Free Trading Credit When You Refer Friends at Kalshi
When you invite others to join you at Kalshi, you’ll receive $25 in free trading credit with each successful referral you make. And it gets better, because those you’ve invited to join the platform will get $25, too.
Do note that you cannot withdraw your $25 in referral credit at Kalshi. Instead, you can use these funds to make any trades you like across the platform – be it Kalshi election predictions or a one-off trade on an upcoming climate-related event.
Another important point that I picked up on in the Kalshi referral program T&Cs is the fact that you cannot withdraw the original promotional amount of free trading credit. It’s only possible to withdraw any profit you’ve returned on eligible trades, as reflected in your withdrawable balance on your unique Kalshi Activity screen.
How Do You Use the Kalshi Referral Bonus?
Stay tuned as I reveal exactly how to unlock the referral bonus as a new Kalshi trader. I’ll cover the process of both sharing your refer-a-friend code with other members, as well as where to add the promo code if you’re a new Kalshi trader who’s received a code from an existing site member.
Accessing, Sharing, and Tracking Your Referral Bonus at Kalshi
Let’s say you’re ready to get started as a new Kalshi trader and are looking to make use of your referral code right away. Here’s a step-by-step guide on how to do just that:
- Step 1: Head directly to Kalshi via the links on this page or download the app on your iOS or Android device.
- Step 2: If you’re completely new to the platform, I recommend checking out the Help Center as a priority, which will help you get to grips with Kalshi trading fees and other important aspects of the site.
- Step 3: Tap the “Sign Up” and select whether you’d like to create an account using your email address or your Google/Facebook credentials.
- Step 4: Follow the registration process through to completion. If you’ve received a Kalshi referral from an existing user, I’ve got you covered with where and how to use it in my other step-by-step guide down below.
- Step 5: With your new Kalshi account all set up and ready to use, navigate to your account screen and access the “Referrals” hub. Here, you can track every successful referral you’ve made and, most importantly, grab your unique code to share with fellow new members. Do note that you must complete $25 in trades to unlock your referral code on the site.
Once you’ve shared your code, you’ll receive $25 in free trade credit when a new trader registers for an account, submits your unique code, and goes on to complete $25 worth of trades on the platform. At this time, you’ll each receive the referral bonus amount automatically.
Using a Kalshi Referral Code
Have you received a Kalshi referral promo code from an existing site trader? Then here’s a quick guide on how to use it to collect $25 in free trading credit, passing on the benefit to the person who referred you, too.
- Step 1: Copy the Kalshi refer-a-friend code you’ve received to the clipboard on your device.
- Step 2: Launch the Kalshi website or app to set up your new account.
- Step 3: On the new trader registration screen, look for the promo code submission box, which generally appears on the “Enter your birthday" stage of the sign-up process.
- Step 4: Drop the code into the submission box when prompted and continue to complete the registration process.
- Step 5: With your Kalshi account set up, you’ll need to complete $25 worth of trades to activate the referral bonus; you can track your trading activity at any time from your account page, be it on Kalshi sports predictions or other markets.
Once you’ve completed the required trades, both you and the person who referred you will receive $25 in free Kalshi trading credit. This bonus will be allocated to your account automatically when the mandatory trades have settled.
Key T&Cs and Need-to-knows When Using the Kalshi Referral Program
The beauty of Kalshi’s refer-a-friend system is that it’s super simple to get your head around as a new member of the site. However, there are certain T&Cs, rules, and limits to be aware of when taking advantage of the brand’s referral scheme, so let me take you through some of the key need-to-knows to consider.
| Rules and T&Cs of the Kalshi referral program | Key details |
| 72-hour referral reward period | If you’ve missed out on adding a refer-a-friend code while signing up at Kalshi, don’t sweat: I discovered that you can add a code retrospectively via the “Enter a Referral Code” button, so long as you do so within 72 hours of opening your account. |
| KYC (know your customer) requirements | Only users who have completed Kalshi’s KYC verification process are eligible to claim the referral bonus. You can take care of this at any time through your Kalshi account screen. |
| $25 in qualifying trades required | Kalshi requires you to complete $25 worth of eligible trades across its platform to both unlock your refer-a-friend promo code and redeem one shared by an existing trader. |
| $1,000 maximum limit on Kalshi referrals | There is a maximum threshold of $1,000 worth of Kalshi trading credit available to unlock through the referral bonus, equating to 40 successful referrals. You can track your current referrals total at any time via your unique Account Activity hub on the Kalshi website and app. |
| Expiration date | Do note that a 30-day time limit applies to Kalshi referral trade credits, so you’ll need to use any free bonus credits you’ve received within this time limit; otherwise, it could expire. |
What Are the Pros and Cons of the Kalshi Referral Bonus?
If you’re new to Kalshi and are eager to compare this prediction market trading tool to similar sites and apps, it’s worth taking a look at my quick-reference guide to the pros and cons of the Kalshi referral program. Many of the brand’s direct competitors offer similar refer-a-friend bonus schemes, so this list of core benefits and drawbacks might help you to decide which referral incentive is the most profitable and rewarding.
Pros
- Like-for-like benefit for both referrers and referees
- Get $25 in free trade credit
- Claim up to $1,000 in free trading credits
- Trade credit is available to use on any market
- An easy referral bonus to activate and use
Cons
- $25 in eligible trades required
- Free bonus trade credit expires in 30 days
Just How Good Is the Kalshi Referral Bonus?
As I alluded to earlier, Kalshi promotions are generally quite thin on the ground, with only a couple of rewards and incentives available across the platform. That’s a similar story at other US prediction markets, too, with these platforms restricted by the compliance framework of the US Commodity Futures Trading Commission – the federal body that regulates them in the USA.
It’s great, then, that Kalshi members can unlock $25 with each successful referral they make, up to the value of $1,000. I tested this rewards program every which way and found that it always worked seamlessly, so it does provide a reliable means of benefitting from free trading credits as a new and regular Kalshi user.
Of course, when making use of a rewards program such as this, it’s super important to check over the T&Cs carefully and ensure that you’re not stepping away from your usual trading habits. Always consider the risks of using prediction market trading tools like Kalshi, even when making low-volume trades.
Are you ready to get started at Kalshi? Use the links on this page to set up your free trading account today.
