Home / Compare / Kalshi vs Polymarket
Kalshi vs Polymarket
If you deposit $10: Kalshi returns an estimated $0 in true value from $0 in bonus; Polymarket returns an estimated $22.5 from $25 in bonus. At $50: Kalshi $22.5, Polymarket $22.5. Estimates use the site model (playthrough at a 10% hold, expiry haircut) — the method is stated on the maximizer page.
| Kalshi | Polymarket | |
|---|---|---|
| Signup offer | Trade $25, Get $25 (std; NYPMAX2000 to $2000 volume tier) | Deposit $10, Get $25 trading bonus |
| Est. cash value | $12–$14 | $12–$15 |
| Referral economics | $25 per referral, 40 max ($1,000 cap) | Volume-based tiers — $50 tier unverified |
| Minimum deposit | — | $10 |
| Playthrough | — | — |
| Payout speed | Bank 3-4d; debit 30min ($2) | Instant (USDC) - 3d |
| California | YES | YES |
| App rating | 4.82 | 4.55 |
Welcome offer at $10 and $50
| Deposit | Kalshi | Polymarket |
|---|---|---|
| $10 deposit | $0 bonus → est. $0 | $25 bonus → est. $22.5 |
| $50 deposit | $25 bonus → est. $22.5 | $25 bonus → est. $22.5 |
Their record, side by side
- Kalshi — 4 items tracked (legal trouble, class actions, documented practices). Their record
- Polymarket — 3 items tracked (legal trouble, class actions, documented practices). Their record
Kalshi
Sign uppublic code: NYPMAX2000
Polymarket
Sign upQuestions
Which is better, Kalshi or Polymarket?
On welcome-offer math at a $10 deposit, Polymarket is ahead ($22.5 estimated true value vs $0). The full side-by-side is in the table on this page; the offers differ in playthrough and expiry, not just size.
Can I claim both Kalshi and Polymarket?
Yes. Signup bonuses are one per platform, and claiming both is the normal pattern. Never open a second account on either platform to re-claim. The ladder page sequences claims across all platforms.
What is the minimum deposit for Kalshi and Polymarket?
Kalshi: —. Polymarket: $10. Figures are from the terms checked on 2026-10-09 and 2026-10-17.