Kalshi Promo Code: Use Code 'SBR' for $10 Sign-Up Bonus Today

Kalshi promo code terms and conditions

The welcome offer at Kalshi is straightforward. You just need to sign up using our link, input Kalshi promo code 'SBR', make a deposit, and buy a total of 100 contracts. Even though this bonus was advertised for the Super Bowl, you can still use it on any markets currently available, with more sports options likely to appear soon.

Kalshi Moneyline Betting

Kalshi has taken a page out of Crypto.com promo code and the Robinhood promo code playbook and started offering single-game betting on multiple pro sports, including the NBA postseason and MLB. This is getting consistent with sports prediction betting sites.

Right now, you can buy contracts for daily MLB games, individual NBA and NHL playoff games, and playoff series matchups. Here are the current trading prices for all eight first-round NBA series:

• Cleveland Caveliers ($0.98) vs. Miami Heat ($0.04
• Indiana Pacers ($0.79) vs. Milwaukee Bucks ($0.21)
• Detroit Pistons ($0.33) vs. New York Knicks ($0.68)
• Boston Celtics ($0.97) vs. Orlando Magic ($0.04)
• Oklahoma City Thunder ($0.98) vs. Memphis Grizzlies ($0.03)
• Los Angeles Clippers ($0.62) vs. Denver Nuggets ($0.40)
• Los Angeles Lakers ($0.54) vs. Minnesota Timberwolves ($0.48)
• Houston Rockets ($0.26) vs. Golden State Warriors ($0.75)

Note: Listed share prices subject to change

These markets are presented as a "Will <team> win <event>?" contract. For example, if Chicago beats Miami, the market will resolve to "Yes."

Kalshi has continuously added moneyline betting markets in recent weeks, so keep an eye on this page for updates as they become available. In the meantime, check out our NBA Playoffs Round 1 Predictions, NHL odds, and MLB odds for additional coverage.

Next Pope betting

Kalshi has many betting options you won't find at traditional sportsbooks, but this is one of the most unexpected we've come across. 

Yes, Kalshi will let you bet on who will be the next Pope.

Right now, the rules for this market are that if the favorite, Pietro Parolin, becomes the first person elected Pope before Jan. 1, 2035, the market resolves to "Yes."

Here are the current numbers for the top 3 candidates:

• Pietro Parolin: Yes ($0.29) / No ($0.72)
• Luis Antonio Tagle: Yes ($0.22) / No ($0.79)
• Matteo Zuppi: Yes ($0.11) / No ($0.90)

For more information on this unique betting market, check out our guide on how to bet on the next Pope.

Is Kalshi legal?

Kalshi is a legal and regulated trading platform available in most states and Washington, D.C.

As of Apr. 3, 2025, Nevada, New Jersey, Ohio, Illinois, and Maryland had sent cease-and-desist letters to Kalshi, alleging that its sports wagering contracts are unauthorized by the federally regulated prediction market (Robinhood and Crypto.com are also in regulators' crosshairs for similar reasons). Tennessee regulators have also called on the Commodity Futures Trading Commissions (CFTC) to shut down predictions markets but did not go so far as to send a cease-and-desist letter.

Kalshi has retaliated with lawsuits of its own, arguing that sports event contracts are "lawful under federal law," as the CFTC previously allowed Kalshi's contracts to go into effect without review.

Kalshi founder Tarek Mansour even stated during an interview with TechCrunch on Apr. 4 that he isn't "necessarily very concerned" with the cease-and-desist orders, and that his company answers only to the CFTC. It's safe to say the situation is evolving rapidly, so it's best to keep a close eye on the legal situation if you reside in one of the five states mentioned above.

Kalshi is currently unavailable outside of the US, but you can sign up for a waitlist and get notified when it becomes legal in your country. The $10 sign-up bonus is the same for all states.

How to enter the Kalshi promo code

You will become eligible for the Kalshi sign-up promo right after you create an account with Kalshi promo code 'SBR' and make a total of $100 in trades on any market. There are no market limitations or expiration dates to worry about. Here’s a step-by-step walkthrough to help you grab this offer.

Register

Head over to Kalshi using our links and hit the Sign Up button in the top right corner. Confirm that you are a US resident and agree to the platform’s KYC protocols. Your address and other personal information will be collected during registration. Next, choose whether you want to sign up using your existing Google or Apple accounts or register via email.

Use promo code

Kalshi promo code 'SBR' is necessary to receive the $10 bonus. Input this code at registration and then move to the next step.

Deposit

To deposit, click on the Add Funds button at the top. Select one of the deposit methods, including a debit card, bank transfer, wire transfer, or crypto, each with its own limits and transaction times listed. Confirm the deposit and wait for the funds to reach your Kalshi account.

Make a bet

Browse the variety of markets and select between Yes or No from specific events. For instance, if you select the Oklahoma City Thunder to win the NBA Western Conference at 48% chance, you will win around $1 on every dollar wagered on that market.

Withdraw

To withdraw your money, head over to the Transfers tab, select Withdraw Funds, select a method, and type in the amount you wish to cash out. The best way to withdraw is by using the bank transfer method since it has no limits and fees, although it is the slowest. Debit card and crypto withdrawals take much less time but have a $2,500 daily limit and a $2 fixed fee. Also, you can only withdraw with crypto if you previously used crypto to make a deposit.

Kalshi review

Kalshi was founded in 2018 and started operating as a trading platform in July 2021 after obtaining a federal license from the CFTC in November 2020.

Kalshi is not a sportsbook, even though users can make predictions on sporting events, much like with a traditional betting site. The key difference is that the users on Kalshi take opposing positions on specific events rather than betting against the sportsbook. The Yes and No contracts come in pairs. Once you invest in a market, the platform will pair you with another user who is looking for the opposite contract on that same market. 

For instance, if you decide to pay $7 for a Yes contract, you will be matched with another trader willing to pay $3 for a No contract on that market. If the market resolves in a Yes, you win $10, getting $7 back from your wager and $3 from the opposing side.

For more traditional sportsbooks, check out our best sportsbooks and best sportsbook promos pages.

Kalshi website and mobile app 📱

Both the Kalshi website and app showcase a simplistic design. Browsing the platform and finding specific markets and events is easy, thanks to intuitive navigation and good categorization. The top menu displays various verticals, from sports and politics to crypto, economics, culture, climate, and more. It fits in nicely among the best US betting apps. 

Kalshi pros and cons 🏆

Kalshi is one of the most popular trading services in the U.S. right now, but it does have a few shortcomings. Let’s examine the advantages and disadvantages of this platform.

Pros ✅

• Excellent user interface: Kalshi’s simplistic interface makes it easy for beginners and experienced traders to use. Navigating from one place to another is a breeze, with great responsiveness and quick loading times.
• Plenty of non-sporting events: Most markets on Kalshi relate to politics and finance, but you can also find predictions revolving around climate, entertainment, crypto, and more.
• High limits: The betting limits on Kalshi extend well beyond most traditional sportsbooks, with some events enabling multi-million-dollar wagers.

Cons ❌

• Limited sporting events and markets: You shouldn’t go to Kalshi expecting anything more than a handful of popular sports and events. Contracts are also restricted to futures, so you can't bet on player props, point spreads, or other types of sports wagers. That said, sports predictions are relatively new on this platform, and it may add more options in the future.
• No ongoing promotions: Aside from a small $10 bonus for new users, Kalshi doesn’t incentivize its users with regular promotions like many online sportsbooks do.

Kalshi sports to bet on 🏈

When it comes to sports, you will find football, basketball, tennis, soccer, and hockey, each limited to the most popular events. For instance, if you pick soccer, you will usually get a market like “Champions League Winner” and not much else. The platform is more focused on other events, with most options revolving around U.S. politics.

Some examples of the sports to make a prediction on:

Kalshi Culture markets to bet on 🏆

Kalshi has made a name for itself in sports and politics, but it also offers a wide variety of pop culture events to make predictions on. Its biggest of these markets this year so far was arguably the 97th Academy Awards.

We expect Kalshi to have dedicated sections for major awards shows going forward but here are a few key awards markets and other cultural events available as of Apr. 15, 2025:

If you want to get an edge on next year's Academy Awards markets, check out our roundup of the best Oscar betting sites.

Popular Kalshi bet types 🏆

Kalshi keeps it simple and only enables Yes or No bets on specific occurrences. For instance, you can bet whether the Philadelphia Eagles or Buffalo Bills will win Super Bowl 60 or guess who whether Florida or Duke will win March Madness.

Kalshi odds quality and betting limits 💰

Unlike traditional sportsbooks, Kalshi doesn’t offer fixed odds on any outcomes. How much money you can win from a specific prediction is based on the calculated probability of that outcome. If an event becomes more or less likely due to recent developments, the expected value of its contracts will be adjusted.

The bet limits depend on the market. The general limit is $25,000, but certain popular contracts allow wagers of several million dollars.

Kalshi payment method

Kalshi accepts several deposit methods with varying limits, fees, and transaction times. Here are your options:

• Debit card: $2,500 maximum every 24 hours with immediate deposit.
• Bank transfer: $10,000 maximum per transaction, taking two to four business days.
• Crypto (USDC): $50,000 daily limit with transactions clearing in 30 minutes on average.
• Wire transfer: $1,000 minimum cleared on the same day or the next.

You can withdraw your funds directly to your bank account with no limits or fees, which usually takes three to four business days. Debit card and crypto withdrawals are much quicker, taking around 30 minutes on average, but they have a $2,500 max limit, with debit card withdrawals charging a flat $2 fee.

With so many options, including some that are incredibly fast, Kalshi competes well alongside some of the best online sportsbooks for payouts.

Kalshi customer support

Kalshi customer support is limited to email. You can also join Kalshi Discord or try to reach them on their social media profiles. The help is efficient, covering all sorts of topics to get you up to speed.

Kalshi bonus comparison

Even though Kalshi isn't technically a sportsbook, it still has a welcome offer to try to compete with other traditional sportsbooks. Below, find a table comparing Kalshi to some of the leaders in the industry.

All Kalshi promo offers

Here’s a quick overview of Kalshi’s promotions for new and existing users.

Kalshi sign-up bonus

The Kalshi sign-up promotion provides you with a $10 bonus once you complete your first $100 worth of trades. Just remember to use our Kalshi promo code SBR to activate this offer.

Is there a Kalshi bonus for existing users?

The only bonus for existing Kalshi users is the platform's referral program. For each friend you invite to Kalshi who registers, deposits funds, and completes 100 trades within 30 days, you'll receive $10. Kalshi will give you a unique referral code, which must be used with each signup to receive the reward.

If new promos appear in the future, we will make sure to include them in an update of this review.

More online Kalshi promos

Kalshi doesn’t offer any other promotions at the moment. If the platform adds more promos in the future, we’ll update this section promptly.

Latest from Kalshi

More sportsbook promos

Kalshi is one of many betting sites in what is becoming a very crowded industry. Therefore, if you're interest isn't piqued by the Kalshi welcome bonus, you could try out one of the following bonuses. With so many options, there's sure to be something that's the right fit for you.

• Bally Bet promo code
• bet365 bonus code
• BetMGM bonus code
• BetRivers bonus code
• Borgata promo code
• Caesars Sportsbook promo code
• ESPN Bet promo code
• Fanatics promo code
• FanDuel promo code

To see which other sportsbooks and promos are available in your state, check out the list below.