General
Kalshi is quickly becoming mainstream among prediction market platforms. As a bonus, the Kalshi promo code ALCOM delivers a $10 welcome offer for new users. Kalshi offers “Yes” and “No” event contracts for current events, politics, weather, sports and more. Users trade event “contracts” similarly to how they trade stocks and get paid if they correctly predict “Yes” or “No” for an event.
Kalshi betting is not the same as wagering at legal U.S. sportsbooks. Unlike state regulated sportsbooks, Kalshi isn’t profiting off of lost wagers – it’s not the “house” in that respect. Kalshi, which is regulated by the federal government’s Commodity Futures Trading Commission, gets a 2% commission off of peer-to-peer trading.
In this article, I will discuss the best Kalshi sign-up bonus, Kalshi’s status as a federally regulated trading platform, the type of markets Kelshi offers and Kalshi payout methods. By the end of this article, users will have a firm grasp of Kalshi promo code ALCOM and how to claim the offer.
Best Kalshi promo code ALCOM: How to claim your $10 welcome offer
Kalshi has a nice treat for new users. Anyone who signs up for a new account and makes at least $100 in trades will receive a $10 bonus for any other market.
Instructions for claiming Kalshi promo code ALCOM
- Click one of the Kalshi promo code links or banners on this page.
- On the registration page, click the green button that reads “Claim your $10 bonus now.”
- Enter your email address and then create a password.
- Enter the verification code that is emailed to you.
- Fill in your birthday and phone number then verify your phone number.
- Select a deposit method and add money to your new account.
Is Kalshi safe, legal and trustworthy?
Yes, Kalshi is safe, legal and trustworthy.
Kalshi was founded in 2018 and achieved regulatory approval in 2020. It became the first fully regulated financial exchange in the U.S. for event contracts — officially listed as a Designated Contract Market by the Commodity Futures Trading Commission.
It’s important to note that Kalshi is not sports betting. It is a trading and prediction market. It is available in 48 states and Washington D.C. but, not New Jersey or Ohio (it recently temporarily won a legal fight to keep operating in Nevada).
How Kalshi markets work
As a prediction market, Kalshi is similar to trading stocks. The difference is that Kalshi specializes in trading shares of event outcomes rather than shares of companies.
Kalshi users trade contracts based on when or if specific events will happen, such as, “What will gas prices be in the US this month,” or “What will be the top USA song on Spotify today.”
In that sense, Kalshi users try to predict the future with contract prices reflecting the collective prediction of the market participants.
Available markets on Kalshi
Available markets on Kalshi |
|
Masters Tournament winner |
“The Amateur” Rotten Tomatoes score |
US jobs numbers this month |
Pro men’s basketball champion |
Who will be the Democratic nominee in 2028 |
How much government spending will Trump and Elon cut this year |
Highest temperature in LA today |
Will Trump declassify Epstein documents in his first 100 days |
Champions League winner |
Top US Netflix show this week |
Kalshi sports markets vs. sportsbook apps
Online sports betting is not available in as many states as Kalshi. Therefore, sports fans in states that do not allow sports betting can legally use Kalshi. Fair warning: Kalshi sports markets are not the same as sportsbook apps.
When you place a sports wager you compete against the sportsbook (FanDuel, BetMGM, DraftKings, etc.). When you trade on Kalshi, you trade on the platform — not against Kalshi. The trades are against other users.
Similarly to how stock prices move, supply and demand move the prices of Kalshi’s “Yes” and “No” event contracts. Kalshi lists percentages and prices in cents next to markets. To determine how much you can win in that market, click on your selection and input the amount you want to buy. Your payout will follow.
Weather market details
If you fancy yourself a casual weatherman, you can dabble in trading weather markets. Weather markets include the highest temperatures and rainfall in given cities, the number of tornadoes and whether 2025 will be the hottest year ever. Official data from the National Weather Service determines the outcomes of most Kalshi weather markets.
Popular Kalshi markets and how Kalshi prediction markets are settled
Three popular Kalshi markets are Spotify, Netflix and Cryptocurrency prices. Kalshi uses official sources to determine event outcomes.
For instance, Kalshi settles Spotify markets with official Spotify data and settles Netflix markets with official Netflix data. Kalshi uses CF Benchmarks to determine the outcomes of Crypto markets.Most markets are paid out two hours after the outcome is determined.
Suggesting new markets
Kalshi allows users to suggest new markets through the message board Kalshi Ideas. Kalshi monitors the message board and determines whether it will list suggested markets. If Kalshi goes through with a market, it will list that market within the message board post.
Kalshi banking methods
Kalshi offers various banking methods for depositing and withdrawing. All are safe and secure if used responsibly.
Kalshi deposit methods
- Debit card
- Bank
- Crypto
- Wire
Kalshi withdrawal methods
- Debit card
- Bank
- Crypto
Earning interest in Kalshi
Kalshi users who keep at least $250 in their accounts will earn 3.75% APY. This includes money invested in all markets. Interest is typically paid during the first week of the month but could take up to 10 business days to process. Kalshi pays out the interest it receives from the FDIC-insured account user funds are stored in and waits for the bank payments to pay interest to Kalshi users.
Kalshi app review: User experience
The Kalshi app is solid quality and delivers a positive user experience once the user becomes familiar with it. Here is a breakdown of the app’s features.
User interface
The interface is user-friendly. When the app opens on the Explore page, it displays trending markets at the top, and the user can scroll across to various categories.
Home screen layout/finding markets
When scrolling categories, you can tap that category to display available markets. Once you’re in a category, scroll down to see what you can purchase. Most markets display only two options. You can see all options for each market by clicking the market name.
App design, speed, functionality
The app design is decent and the speed and functionality are good. The design shows market categories written in light gray lettering, which can be hard to see. When you click a market to see the options, you must click another spot to see all the markets. That is not ideal.
One positive option in the app is setting American odds on sports markets. When you click on the percentage listed next to a market, it will show the traditional American sports betting odds. This is great for users not familiar with converting percentages to odds and payouts.
How to track your positions in “Your Portfolio”
Your portfolio lists all your markets and positions and tells you the current value of those positions.
Customer support methods
Email is Kalshi’s only customer support method. The email address is [email protected]. To resolve issues faster, Kalshi suggests sending a detailed description of the issue, your account email and full name and a screenshot or screen recording of the issue.
Two ways to improve the Kalshi app
The first thing I noticed about the app is that it constantly cycles through recently placed trades. These are displayed via a drop-down line at the top of the screen, distracting from what you’re viewing. And why not list all market options when you click a market to see percentages and prices? The more I have to click, the less I want to dive deeper into the market.
Final take on the Kalshi promo code ALCOM
Kalshi is a great product for those who like to make predictions and profit from those predictions. Because it is not limited to sports markets, the Kalshi promo code offer has something for everyone. If you’re tired of tracking company performances and putting money in the stock market, you can use Kalshi to trade markets on event outcomes you’re interested in.
Kalshi FAQ
Is Kalshi legit?
Yes, Kalshi is legit. It is fully regulated by the US government’s Commodity Futures Trading Commission.
What is Kalshi?
Kalshi is a regulated financial exchange that offers markets for event outcomes in various categories, such as sports, weather, pop culture and politics.
Is Kalshi betting a sportsbook?
No, Kalshi betting is not a sportsbook. Kalshi offers trading of “Yes” or “No” event contracts in a user-versus-user format. This is different than placing a wager against a sportsbook. Kalshi does not profit off of lost wagers as a sportsbook does. Kalshi profits from the 2% commission it collects on each i.
How does Kalshi work?
Users purchase event contracts based on “Yes” or “No” outcomes. For instance, a user purchases a “Yes” contract for the highest temperature in a given city or the most downloaded song on Spotify. If the user purchases correctly, they will be paid based on the price at the time of purchase.
Does Kalshi have election odds?
Yes, Kalshi has election odds on various races such as U.S. Senate, mayor of a U.S. city and the winning party of Canadian elections.
Does Kalshi have presidential election odds?
Yes, Kalshi has presidential election odds.
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