Kalshi promo
prediction market (CFTC DCM)public offerCA
Trade $25, Get $25 (std; NYPMAX2000 to $2000 volume tier)
The real math
verified 2026-10-09| Minimum deposit | — |
|---|---|
| Playthrough | — |
| Bonus expiry | expiry 7-30d by code |
| Minimum age | — |
| California | YES |
| Estimated cash value | $13 |
Sign up
Sign uppublic code: NYPMAX2000
Public offer — no referral attached. Terms verified 2026-10-09.
Terms change fast — verify in the app before claiming. Full terms: Bonus = non-withdrawable trading credit; expiry 7-30d by code
Their record
What this company has been in trouble for, and how the business works. Lawsuits describe allegations in complaints — not findings of liability.
Legal trouble
- 2023-09-22 — CFTC order prohibiting Congressional-control election contracts ('unlawful gaming', contrary to public interest) — Vacated: D.D.C. (Judge Jia Cobb) ruled for Kalshi Sept 6, 2024 — CFTC exceeded statutory authority; CFTC dropped appeal 2025, ruling final. source
- 2025 — Nine states sent cease-and-desist letters over sports event contracts (AZ, IL, MD, MI, MT, NV, NJ, NY, OH); CT also issued orders; TN order Jan 2026 — Mixed: 3rd Circuit upheld NJ preliminary injunction for Kalshi (Apr 6, 2026, first federal appellate ruling); NV federal judge ruled late 2025 Kalshi must comply with NV gaming rules; TN order temporarily blocked. source
- 2025-09-12 — Massachusetts AG sued Kalshi in state court (Commonwealth v. KalshiEX LLC) — Pending. source
Class actions
- 2025 — Private 'gambling recovery' loss-recovery suits in OH, SC, GA alleging sports event contracts = illegal unregulated gambling — Pending. source
Money & lobbying
- VC Paradigm filed amicus brief for Kalshi vs CFTC. Political footprint: CFTC Chair nominee Brian Quintenz is ex-Kalshi board member; Tyler Williams (Kalshi's lawyer) reportedly considered for CFTC chair. Founders Tarek Mansour, Luana Lopes Lara (~12% each; ~$22B valuation per 2026 reports).