{"id":3707,"date":"2026-06-12T12:19:41","date_gmt":"2026-06-12T16:19:41","guid":{"rendered":"https:\/\/www.squawka.com\/us\/?post_type=bookmaker&p=3707"},"modified":"2026-06-12T12:19:41","modified_gmt":"2026-06-12T16:19:41","slug":"kalshi","status":"publish","type":"bookmaker","link":"https:\/\/www.squawka.com\/us\/bet\/betting-sites\/kalshi\/","title":{"rendered":"Kalshi Referral Code 2026: Trade $10, Get $10 with SQUAWKA"},"content":{"rendered":"\n

Kalshi<\/strong><\/a> is a CFTC-regulated prediction-market exchange where you trade yes\/no contracts on real-world events, including a deep slate of US sports markets. It is not a sportsbook in the conventional sense. Is Kalshi legit? Yes \u2014 it operates under federal CFTC oversight as a Designated Contract Market, with segregated customer funds and KYC on every account. Prices are quoted as cents on the dollar, every contract settles at $1 or $0, and the platform is available in all 50 states. New users can claim a Trade $10, Get $10 Bonus<\/strong> on sign-up. We trade Kalshi for futures, season-long markets, and the kind of edge plays that traditional books do not price cleanly.<\/p>\n\n\n\n

What is Kalshi?<\/h2>\n\n\n\n

Kalshi is a federally regulated prediction-market exchange where users trade yes\/no contracts on the outcomes of future real-world events, including a deep slate of US sports markets. Unlike a traditional sportsbook, Kalshi does not act as the house. Instead, traders take the opposite side of each other’s positions on a central exchange, with prices reflecting the market’s collective view of how likely an event is.<\/p>\n\n\n\n

The platform is regulated by the US Commodity Futures Trading Commission (CFTC) as a Designated Contract Market, the same regulatory category as the major commodities exchanges. Customer funds are held in segregated accounts and every user goes through identity verification. Kalshi is available in all 50 US states.<\/p>\n\n\n\n

Every Kalshi contract settles at either $1 (the predicted outcome happened) or $0 (it didn’t). Prices are quoted in cents between those two endpoints and effectively represent the implied probability of the outcome. A contract trading at 65¢ means the market thinks there is a 65% chance the event will resolve yes. Traders can buy, sell, and close positions before settlement, the same way you would trade any other financial instrument.<\/p>\n\n\n\n

This is a Kalshi review<\/strong> built for US bettors weighing prediction markets against sportsbooks. Below: how the pricing model differs, what is and is not legal in your state, the sports markets you can actually trade, fees, the welcome offer, sign-up steps, and our verdict on who Kalshi suits best.<\/p>\n\n\n\n

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Claim the Kalshi welcome bonus<\/strong><\/a><\/div>\n<\/div>\n\n\n\n

Is Kalshi legit?<\/h2>\n\n\n\n

Short answer: yes. Kalshi is a federally-regulated Designated Contract Market (DCM) licensed by the US Commodity Futures Trading Commission (CFTC). That is the same regulatory tier as the major US futures exchanges \u2014 about as legitimate as an event-contract platform gets in the United States.<\/p>\n\n\n\n

The practical safeguards that come with that status:<\/p>\n\n\n\n