Kalshi Referral Code LABS: Get $10 When You Sign Up With Promo Code LABS

With the 2026 Academy Awards and March Madness just around the corner, prediction markets are heating up, and the Kalshi sign-up bonus is ready for the taking. When you register with Kalshi promo code LABS, you unlock an exclusive welcome offer: Trade $10, Get $10! This code is the perfect way to get a leg up as you explore what it’s like to trade event contracts on sports, politics, pop culture, and more.

The FantasyLabs team has personally tested our Kalshi promo code LABS to ensure it works seamlessly. Once you register and execute your first $10 in real-money trades, your bonus unlocks.

Learn more about claiming this offer in our comprehensive February 2026 review, which dives deep into how Kalshi works, advanced trading strategies, and platform security.

How the Kalshi Referral Code Works

Kalshi offers the signup bonus of Trade $10, Get $10! for first-time users in the U.S.

To claim it, just enter the Kalshi promo code LABS during registration, verify your account, and complete at least $100 in trades.

😴 Kalshi Promo Code	LABS
🤑 Kalshi Signup Bonus	Trade $10, Get $10!
✅ Kalshi Legal States	43 States (Not in AZ, IL, MD, MI, MT, NJ, and OH)
📝 Terms and Conditions	Must be 18 years or older and have a legal, U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NJ, and OH.
🎯 Last Verified by FantasyLabs	February 2026

Since Kalshi operates as a regulated financial exchange, your trades are based on real-world events, not traditional gambling. Plus, with no cancellation fees, getting started is pretty simple as it is at SI Predict.

Step-by-Step Guide to Claiming the Kalshi Promo Code

1. Use FantasyLabs’ links to go to the Kalshi website or open the app.
2. Click “Sign Up” and register with your email or Google/Apple account.
3. Enter the Kalshi promo code LABS if it didn’t automatically populate.
4. Verify your identity (you’ll need a valid U.S. ID + must be at least 18 years old).
5. Make your first $100 in trades.

That’s all there is to it—once your trades are complete, the bonus will be added to your account.

Another generous signup bonus that our users love is the Sleeper promo code, though it unlocks an offer for DFS rather than sports trading.

Latest Sports Odds at Kalshi

Here are the latest picks/contract prices at Kalshi as of February 20, 2026:

What Are Kalshi Prediction Markets?

Kalshi isn’t your average trading platform. Instead of stocks or crypto, it operates as a prediction market, basically allowing users to trade on the outcomes of real-world events. Think elections, economic indicators, or even pop culture moments – if there’s data behind it, there’s probably a market for it on Kalshi.

Prices shift based on supply and demand, similar to a stock exchange, creating opportunities for strategic trading.

On the other hand, unlike sportsbooks where bets are typically locked in until settlement, Kalshi lets traders exit positions early – just like a stock exchange. So, instead of waiting for an event’s final outcome, you can:

• Buy into a position at one price.
• Sell out of it later if the market moves in your favor.
• Monitor live trade values in the “Portfolio” tab.

Think of it like owning stock: you don’t have to hold onto Amazon shares until the company dissolves; you sell when the price is right.

And last but certainly not least, on Kalshi, trading on “No” is an option. What does this mean? Traditional sportsbooks don’t always allow users to bet against an outcome. For instance, you can’t bet that a player won’t score a touchdown or a team won’t win the NBA Championship. But here, you can trade on the negative.

Crypto.com is a similar exchange platform that offers sports trading, though it’s not as extensive as Kalshi also offers pop culture markets.

Hot Kalshi Event Contracts Right Now

Kalshi’s dynamic prediction markets are constantly evolving, with hundreds of live event contracts available at any given time.

Whether you’re looking to trade on breaking political developments, major economic reports, viral pop culture moments, or even high-demand product drops, there is always an active market driven by real-world sentiment. Below is a look at a couple of the most popular and heavily traded contracts live on the exchange right now:

Sports

🏀 Men’s College Basketball Champion	Chance
Michigan	22%
Duke	12%
Arizona	11%

Politics

🇺🇸 Who will Trump nominate as Fed Chair?	Chance
Kevin Warsh	95%
Judy Shelton	4%

Kalshi’s Expansion into Sports Markets: Percentage-Based Pricing

Kalshi has completely transformed the sports betting landscape in 2026 by offering fully regulated event contracts on major athletics.

While the platform initially relied heavily on broad futures—like predicting the winner of the Stanley Cup or the college basketball national championship—they have significantly expanded their daily sports offerings.

Kalshi caters to sports bettors and fantasy sports players by displaying contract prices in traditional American odds. This format is available on mobile for not only sports but also other event contracts.

Now, as we head into the peak of the 2026 NBA season and gear up for March Madness, Kalshi allows users to trade on single-game outcomes and highly specific player props.

To make the transition seamless for traditional sports bettors and daily fantasy players, Kalshi displays these contract prices in familiar American odds on its mobile app.

However, if you are trading on the desktop platform, you’ll see the true market prices listed in cents. Here is exactly how that percentage-based pricing works:

• A contract costs between $0.01 and $0.99.
• Winning contracts always settle at exactly $1.00.

For example, let’s say the Los Angeles Lakers are trading at $0.60 to win their next game. If you buy “Yes” at that price and they win, the contract settles at $1.00, netting you a $0.40 profit per share.

The gap between the “Yes” and “No” prices perfectly reflects current market sentiment and liquidity.

While Kalshi offers event contracts on its own platform, it has partnered with other entities such as Sleeper Markets and PrizePicks to host prediction markets externally.

Parlays via Kalshi Combos

Kalshi first introduced “Combos” as a beta feature in September 2025. At launch, it was restricted to certain NFL games and accessible only through the app. About three months later, Kalshi opened Combos to all users, adding support for parlay-style picks across pro football and basketball.

Those who’d prefer traditional sports betting over sports trading at Kalshi might claim the Fanatics Sportsbook promo code, bet365 Sportsbook bonus code, or betPARX promo code.

Popular Event Contracts on Kalshi

Kalshi features a ton of event contracts, including:

• Sports: Will a team win a championship?
• Politics: Will a specific bill pass by a certain date?
• Economy: Will inflation rates rise or fall next quarter?
• Pop Culture: Will a major artist announce a surprise album release?

Since prices fluctuate based on market sentiment, staying informed on current events can give traders an edge. Competitors like Coinbase and Smarkets are expected to jump on this trend of offering prediction markets beyond just sports.

Kalshi Makes Prediction Market Partnership with CNN

Kalshi and CNN made big news in December 2025—the two are teaming up so that Kalshi provides real-time probability data for CNN’s news coverage.

As a federally regulated exchange where users trade on outcomes of elections, weather, and cultural events, Kalshi has proven its accuracy by calling recent elections hours before traditional media.

CNN will integrate this data across its programming through analyst Harry Enten and a new live ticker, giving viewers instant access to market-based predictions on unfolding events.

Trading Strategies for New Kalshi Users

If you’re just starting out, here are a few tips:

1. Look at historical trends: Past market behaviour can offer clues about future movements.
2. Start small: Experiment with different markets before making larger trades.
3. Stay updated: Breaking news can shift market prices in an instant.

If you’re new to prediction markets, paper trading (aka simulating trades without real money) can be a useful way to practice before jumping in.

Kalshi’s Referral Program: Earn Bonuses by Inviting Friends

Once you’ve started trading, you can earn more bonuses by inviting friends. Share your unique Kalshi referral link with friends and family, and when they sign up and start trading, both of you get a $10 bonus. This is a win-win situation, encouraging more users to join and participate in Kalshi’s markets.

Pro-Tip: Encourage your friends to stay active on Kalshi. The more they trade, the more you earn! Sharing your referral link across social media or forums can also help make the most out of your rewards.

However, you have to trade at least 100 shares before you unlock the ability to refer friends. If your pals don’t want to wait that long to trade, tell them to sign up with Kalshi referral code LABS to Trade $10, Get $10!

If you and your friends would rather trade for free, the Manifold Markets bonus code might be for you.

Security & Regulations: How Kalshi Keeps Your Funds Safe

As a Commodity Futures Trading Commission (CFTC) regulated exchange, Kalshi adheres to strict financial guidelines. This means:

• Secure Transactions: Advanced encryption protects your funds and personal data.
• Two-Factor Authentication: Adds an extra layer of security to your account.
• Regulatory Oversight: Kalshi operates legally in 43 states, backed by institutional liquidity.
• Federally Regulated: Unlike social sports picks platforms such as ProphetX, Kalshi adheres to federal CFTC regulations rather than state sweepstakes laws

Deposits and withdrawals are processed via ACH transfers and bank transactions, with funds typically available within a few business days.

See our review of the Robinhood signup bonus for more info.

Fees and Costs on Kalshi

Kalshi’s fee structure is straightforward:

• Deposits: Free via bank transfer or debit card.
• Withdrawals: $2 flat fee.
• Trading Fees: A small percentage of the trade value, deducted only upon execution (placing an order is free).
• No Cancellation Fees: You can back out of a trade without penalties.

A social prediction market like Verse Picks can help you avoid the fees of Kalshi.

Tax Obligations for Kalshi Users

Since Kalshi operates as a regulated financial exchange, earnings may be subject to tax reporting. Here’s what traders should be aware of:

1. Capital Gains Reporting: Profits must be recorded on IRS Form 8949, summarized on Schedule D.
2. FIFO Accounting: Kalshi uses the First-In, First-Out method for gains and losses.
3. 1099 Forms: If you earn over a certain threshold, Kalshi will issue a 1099-MISC or 1099-INT for tax reporting.

Not sure how your trades impact your taxes? Consulting a tax professional is always a good idea.

To see how Kalshi compares to another US exchange, see our review of the Polymarket promo code and FanDuel Predicts promo code.

A Review of Kalshi’s UX

Kalshi’s trading platform is available on both web and mobile, offering a clean, intuitive interface designed for ease of use.

What makes it stand out?

• Custom Event Markets: Users can suggest new event contracts via Kalshi’s Market Builder. If enough people show interest and it meets regulations, Kalshi may list it.
• Real-Time Portfolio Management: Track trades, manage positions, and withdraw funds seamlessly.
• Built-In Security: Two-factor authentication (2FA) and encrypted transactions ensure a secure experience.

Another plus is that Kalshi is legal in 43 states—online sportsbooks and DFS apps can’t say the same.

Final Thoughts About the Kalshi Signup Bonus

Kalshi has a unique way to engage with real-world events while trading in a regulated environment.

With a signup bonus of Trade $10, Get $10! when you register with Kalshi referral code LABS, a ton of event contracts, and secure transactions, it’s a great option for those who want to get into federally regulated prediction markets and event contracts.

Ready to claim your next welcome offer? I’d recommend checking out the Underdog promo code.

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Kalshi Promo Code FAQs

Here are some FAQs about the Kalshi sign-up bonus and referral code:

What is Kalshi, and how does it work?

Kalshi is a CFTC-regulated financial exchange that allows users to trade event contracts based on real-world outcomes. Instead of buying stocks, you buy “Yes” or “No” shares on specific questions related to sports, politics, economics, and pop culture, profiting when your predictions are correct.

What is the Kalshi sign-up bonus?

New users who register with the Kalshi promo code LABS and execute their first $10 in real-money trades will automatically receive this bonus offer: Trade $10, Get $10! This site credit clears directly to your account with no hidden rollover requirements.

How do I claim the Kalshi promo code offer?

To claim the bonus, download the Kalshi app or visit the desktop site and enter referral code LABS during registration. Once you verify your identity and place your first $10 in trades on any market, your $10 bonus will be instantly credited.

What types of markets can I trade on Kalshi?

Kalshi offers hundreds of daily event contracts across various categories. You can trade on sports outcomes (like NBA game winners), political races, economic data (like inflation rates), weather events, and even major pop culture moments like the Academy Awards.

How do Kalshi referral bonuses work?

Kalshi rewards users for inviting friends to the platform. After trading 100 shares, you’ll get a unique referral link to share. When someone signs up using your link and completes their first trades, both of you receive a bonus.

Is Kalshi legal and regulated?

Yes, Kalshi is 100% legal and operates strictly under the regulatory oversight of the Commodity Futures Trading Commission (CFTC). Because it is classified as a regulated financial exchange rather than a traditional sportsbook, it is legally available in 43 U.S. states.

If you’re interested in DFS over predictions trading Kalshi, try out the Dabble promo code.