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The Kalshi promo code FOXSPORTS gives new users a simple welcome offer: trade $10 in prediction markets and receive a $10 bonus.

A loaded Friday lineup kicks off the weekend sports surge. Quarterfinal play begins in the World Baseball Classic, primetime games headline the NBA schedule, and men’s college basketball crowns conference champions just ahead of Selection Sunday. The National Hockey League keeps the action going.

Unlike traditional sportsbooks, Kalshi operates as a federally regulated prediction market exchange where users trade contracts based on real-world outcomes. These markets cover a wide range of topics, including:

Unlike traditional sportsbooks, Kalshi allows users to buy and sell event contracts tied to probabilities, with prices ranging from $0 to $1 depending on how likely an outcome is to happen. When you sign up and use the Kalshi bonus code FOXSPORTS, you can start trading these markets and qualify for the new-user bonus after completing your first $10 in trades.

Enter the Kalshi promo code FOXSPORTS, trade $10 in prediction markets, and you’ll receive $10 in bonus trading credit.

Kalshi is a regulated prediction market platform where users trade contracts based on the outcomes of real-world events. Instead of placing traditional bets like you would at a sportsbook, Kalshi allows users to buy and sell "Yes" or "No" contracts tied to specific questions.

These questions can cover a wide range of topics, including:

Each contract is priced between $0 and $1, which represents the market’s estimated probability of that event occurring.

For example, if a contract is priced at $0.65, the market is implying a 65% chance that the event will happen. If the prediction is correct, the contract settles at $1. If the outcome is incorrect, it settles at $0.

Unlike traditional sportsbooks, where bettors wager against the house, Kalshi functions more like a financial exchange where users trade against other participants in the market.

The platform operates under oversight from the Commodity Futures Trading Commission (CFTC), making it one of the only federally regulated prediction markets available to U.S. users.

Kalshi offers a wide range of prediction markets that allow users to trade contracts tied to real-world outcomes. These markets go far beyond sports and cover events across politics, economics, weather, and pop culture.

Because Kalshi is structured as a prediction market exchange, users can also sell their contracts before an event is finalized if prices move in their favor. This allows traders to lock in profits or reduce losses based on changing market probabilities.

Some of the most common types of markets available on Kalshi include:

Users can trade contracts on outcomes in leagues such as the NFL, NBA, MLB, NHL, and major college sports. A typical market might ask which team will win a game or championship.

Kalshi became widely known for its election prediction markets. Users can trade contracts related to election outcomes, control of Congress, and other political developments.

Many traders use Kalshi to speculate on economic indicators such as inflation, unemployment reports, interest rate decisions, and other government data releases.

Kalshi also lists contracts based on measurable weather events, such as temperature levels, snowfall totals, and hurricane activity.

The platform occasionally offers markets tied to major cultural events like award shows, movie releases, or trending news topics.

Kalshi markets are built around simple yes-or-no questions about real-world events. Each possible outcome is represented by a contract that traders can buy or sell.

Contracts are priced between $0 and $1, which reflects the market’s estimated probability of the event occurring.

For example:

Your profit depends on the difference between the price you paid and the final $1 settlement value.

For example, buying a contract at $0.60 would return $1 if correct, creating a profit of $0.40 per share.

Another key difference from traditional sports betting is that contracts can be sold before the event finishes. If the probability of your prediction increases, you may be able to sell your contract early for a profit rather than waiting for final settlement.

Because the market is driven by buyers and sellers, prices can move throughout the day as new information becomes available. This is why Kalshi markets often behave more like financial exchanges than sportsbooks.

Kalshi operates under federal oversight from the Commodity Futures Trading Commission (CFTC), which means the platform is available to users across most of the United States.

Because Kalshi is classified as a prediction market exchange rather than a traditional sportsbook, it is not regulated under state gambling laws the same way sports betting apps are. This allows Kalshi to operate nationally in many jurisdictions where sports betting is still illegal.

As of March 2026, Kalshi is available in most U.S. states, but the platform is currently restricted in several jurisdictions.

Before trading prediction markets on Kalshi, users need to fund their account. The platform supports several common banking options, including traditional bank transfers and crypto deposits.

Kalshi’s fee structure is relatively simple compared to many betting or trading platforms. Most deposits are free, though some payment methods may include small processing fees.

Kalshi may also charge small trading fees on matched orders, which are calculated based on the price and size of the contracts being traded.

Withdrawals may include a flat processing fee, depending on the method selected.

Kalshi may feel similar to sports betting apps at first, but the platform actually operates very differently from traditional sportsbooks like DraftKings or FanDuel.

Instead of betting against a sportsbook that sets the odds, Kalshi operates as a prediction market exchange where users trade contracts against other market participants. Prices move based on supply and demand, and contracts settle at $1 if the predicted outcome occurs.

This structure makes Kalshi function more like a financial exchange than a traditional betting platform.

Kalshi also offers combos, which allow users to combine multiple event contracts into a single position. This works similarly to a parlay in traditional sports betting, where several predictions are linked together into one trade.

When using combos on Kalshi, the probability of all outcomes occurring is combined into a single price. Because multiple events must be correct, the potential return is higher than trading a single contract.

For example, a combo might include:

If all of the predictions in the combo are correct, the position settles at $1 per contract, just like any other Kalshi market.

Combos are most commonly available for major professional sports leagues, including the NBA and NFL. They allow traders to build higher-risk, higher-reward positions using multiple events within the same trade.

However, it’s important to remember that because several outcomes must be correct, combos also carry greater risk than single-event contracts.

Like any trading platform, Kalshi has advantages and limitations. Understanding how the prediction market works can help users decide whether it fits their trading style.

Pros

Cons

The current Kalshi promo code is FOXSPORTS. New users who sign up with this code can receive a $10 bonus after completing $10 in trades on the platform.

To receive the Kalshi welcome bonus, create a new account using promo code FOXSPORTS, deposit funds, and complete at least $10 in event contract trades. Once the requirement is met, Kalshi will credit your account with the $10 bonus trading credit.

Yes. Kalshi operates as a federally regulated prediction market exchange under oversight from the Commodity Futures Trading Commission (CFTC). The platform is available in most U.S. states, though it is currently restricted in Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, New Jersey, and Ohio.

Kalshi contracts are priced between $0 and $1, which represents the market’s estimated probability of an event occurring. If the predicted outcome happens, the contract settles at $1. If it does not occur, the contract settles at $0.

Kalshi supports several funding options, including debit cards, bank transfers (ACH), Apple Pay, wire transfers, and USDC crypto deposits.