Kalshi’s refer-a-friend program gives existing users a chance to earn bonus credit when they invite someone new to the platform. The new user can qualify for a credit as well, but the rewards are determined separately and both people must meet their own eligibility requirements.
New users have the option to sign up through a friend’s referral link or use the Kalshi promo code
Updated on 8/24/26
Kalshi Refer-A-Friend Program Details
| Program detail | Requirement |
|---|---|
| Referral reward | Variable bonus credit worth up to $25 |
| Maximum referrals | 40 new users per referrer |
| New-user trading requirement | At least $25 transacted on the Predictions product |
| New-user deadline | Within seven days of opening the account |
| Referrer trading requirement | At least $25 previously transacted on the Predictions product |
| Identity verification | Required for the new user |
| Credit use period | Seven days after the credit is granted under this offer |
| Offer stacking | A new user may use a referral link or promo code, but not both |
Opening an account through a referral link is only the first step. The referrer and new user must each meet the conditions that apply to them before either can receive a credit.
Step-by-Step: How to Refer a Friend on Kalshi
1. Qualify as a referrer
The referrer must be a U.S. person and an existing Kalshi user in good standing. Before becoming eligible for a referral reward, the user must have transacted at least $25 on the Predictions product. Accounts under an open compliance review, or those with suspended account privileges, don’t qualify.
2. Share your personal referral link
Copy your personal link from the referral area of your Kalshi account and send it to the person you want to invite. The referral program is intended for personal use: links and potential rewards cannot be sold, transferred, or used as part of a commercial referral campaign.
3. Have the new user join through the link
The invited person must be a U.S.-based person, have never held a Kalshi account, and successfully complete the identity-verification process. Also, a new user cannot qualify through both a personal referral and a promo code.
The referral link should be applied when the account is opened.
4. Complete $25 in qualifying Predictions transactions
The new user must has to at least $25 on the Predictions product within seven days of opening the account. That deadline applies to the activity needed to qualify for the offer. If a credit is awarded, a separate seven-day use period begins on the date the credit is granted.
5. Claim any available reward
Meeting the account and trading requirements can make each participant eligible for a reward, but the credit may not be added automatically. Both users should check the referral or Rewards section of their accounts and complete any required claim step.
Before trading, confirm the credit amount and its expiration date.
Referral Link vs. Kalshi Promo Code LABS
A personal referral and the
Someone joining through a referral link must complete at least $25 in Predictions transactions within seven days of opening the account, while someone redeeming promo code
Only one route can apply:
- Referral link: Both the existing user and new user may qualify for separate bonus credits.
- Promo code
LABS : Only the new user qualifies through the promo-code offer. - Referral link plus promo code: The offers cannot be combined, and only one will apply.
Once a promo code has been redeemed on an account, it cannot be used again. That remains the case even if the user misses the trading deadline or otherwise fails to qualify for a reward.
Using Kalshi Referral Credit
Bonus credit is intended for trading on the Predictions product. It cannot be transferred to another Kalshi product or immediately withdrawn as cash.
Under the terms of this offer, a participant must trade an amount equal to the awarded credit after receiving it before the credit may become eligible for withdrawal. Kalshi’s standard account and withdrawal rules still apply.
Any unused referral credit expires seven days after it is granted under this offer.
How to Read Kalshi Market Prices
Kalshi works differently from a traditional sportsbook. Instead of placing a wager against the house at posted odds, users buy and sell contracts tied to real-world outcomes, and prices change as orders are placed and filled.
That process should feel familiar to those of you who already use projections to evaluate prices. Estimate how likely an outcome is, compare that estimate with the current contract price, and decide whether the difference is large enough to support a trade after fees and available liquidity are factored in.
Kalshi markets can cover:
- Game results, playoff races, and player awards
- Inflation reports, interest-rate decisions, and employment data
- Elections and other political outcomes
- Weather totals and climate-related measurements
A trader might compare a playoff projection with the market price of a team reaching the postseason, or weigh an economic forecast against the price of a contract tied to the next Federal Reserve decision. The category may change, but the basic decision stays the same: does your estimate differ enough from the current price to make the trade worth considering?
That same judgment applies when referral credit is used. The credit provides funds for eligible trades, but it doesn’t make a position less risky. A trade can still lose, and any unused credit may expire before it’s used.
Remember to trade responsibly.
Kalshi Refer-a-Friend Limits and Account Rules
Each Kalshi user may refer up to 40 new users. However, reaching that limit doesn’t create a fixed $1,000 earnings ceiling because individual reward amounts can vary. Plus, Kalshi may deny or remove a bonus when an account fails an eligibility check or violates the program rules.
Prohibited activity includes:
- Referring yourself
- Opening multiple or false accounts
- Using another person’s identity
- Creating transactions solely to manufacture qualifying activity
- Selling or transferring referral benefits
- Using the program for a commercial purpose
Kalshi may reclaim an invalid credit, recover cash resulting from that credit, or suspend accounts involved in fraud or program abuse.
