Kalshi Promo Code 2026: COLLEGEPM — Trade $25, Get $25

Published 2026-08-07 · Last reviewed 2026-09-18

Catie Di StefanoFounder & Editor-in-Chief

Reviewed by Catie Di Stefano

TL;DR

Kalshi promo code COLLEGEPM gives new traders $25 after they trade $25.
Enter it during registration — adding a code after your account is verified usually doesn't work.
You must be 18+, a verified US resident in a supported state, and a first-time Kalshi user.

New to this? Read this first

Prediction markets price events in cents, not odds. Here is the vocabulary used on this page, in plain English.

Price = probability: A contract that pays $1 trading at 12¢ means the market thinks there's a 12% chance.
YES / NO share: YES pays $1 if it happens. NO pays $1 if it doesn't. You can never lose more than you paid.
Implied chance: Just the price read as a percentage. A contract at 14¢ implies a 14% chance.
Vig: A built-in margin some venues charge. On prediction markets you pay the spread and fees instead.
Liquidity: How much money is in the market. More money means you can get in and out at the price you see.

The working Kalshi promo code is COLLEGEPM. New users trade $25 and get $25 back once identity verification clears. That's the whole offer — no matching tiers, no maze.

How to apply it

Start sign-up from a referral link so the code attaches automatically.
If there's an empty promo field, type COLLEGEPM.
Complete KYC — legal name, date of birth, address, SSN.
Link a bank or debit card and deposit.
Trade $25 — the $25 bonus lands in your balance once that clears.

Full walkthrough with screenshots in how to deposit on Kalshi.

Who qualifies

18+, US resident in a supported state, first Kalshi account. Kalshi isn't live everywhere — check the state availability list before you start, because a failed location check wastes the code.

What the bonus is actually worth

$25 buys roughly 35–50 contracts on a market trading in the 50–70¢ range. That's enough to hold several real positions, watch how settlement works and test a withdrawal — which is the point. It is not a bankroll.

Fees to know before you use it

Kalshi charges a trading fee that scales with contract price, plus fees on some withdrawal methods. Worth understanding before the bonus disappears into costs — see Kalshi fees explained.

Other platforms' offers

Polymarket runs a deposit-$10-get-$50 bonus with the same code, and Rebet matches purchases 100% up to $100. Compared side by side in best prediction market apps 2026.

Claim it

Trade $25, get $25 — code COLLEGEPM →

Promotional terms are set by the platform and change without notice. Confirm the current offer on Kalshi's sign-up page before depositing.

Price → probability → payout

Contract price in cents (e.g. 14)Amount you put in ($)

Implied chance: 14.0%
Contracts: 143
Pays back: $142.86
Profit if right: $122.86

A contract settles at $1 if the event happens and $0 if it doesn't, so the price is the market's probability. Every contract you buy at this price pays $1 — the cheaper the price, the less likely the market thinks it is.

Your first trade, step by step

Fund a small balanceOpen an account, verify your ID, and deposit $10–$20 by debit or ACH. You must be 18+ and in an eligible state.
Find the marketSearch the event by team, player or headline. Check the price and the volume — thin markets move a lot on small orders.
Read the price as a probabilityA 23¢ YES contract means the market gives it about a 23% chance. If you think it is higher than that, YES is the value side.
Place a limit orderEnter the price you want rather than taking the market. You buy shares, not a bet slip — the most you can lose is what you paid.
Decide your exitYou can sell any time before the event resolves, or hold to settlement where each winning share pays $1.

Ready to try it: open Kalshi. 18+, eligible states only. Trade what you can afford to lose.

Sources & further reading

Kalshi — official siteKalshi
Designated Contract Markets (DCMs)CFTC

Frequently asked questions

What is the Kalshi promo code for 2026?

COLLEGEPM. New users who sign up with it get $25 after completing identity verification and trading $25.

How do I enter a Kalshi promo code?

Enter it in the promo or referral field during sign-up. If you open the account from a referral link the code is usually attached automatically. Codes generally can't be added retroactively.

Is the Kalshi promo code the same as a referral code?

In practice yes — Kalshi's referral program and promo codes use the same field, and COLLEGEPM works in either.

Who qualifies for the Kalshi bonus?

First-time Kalshi users who are 18 or older, US residents in a supported state, and who complete identity verification. Existing accounts don't qualify.

Can I withdraw the bonus straight away?

Bonus funds are intended for trading and typically need to be used before the resulting balance can be withdrawn. Check the terms shown at sign-up — offers change.

Is there a minimum deposit on Kalshi?

Kalshi does not impose a large minimum — you can fund an account with a small amount and buy single contracts priced in cents. Your bank or card may set its own minimum transfer.

What does the price actually mean?

A contract settles at $1 if the event happens and $0 if it doesn't, so the price is the market's probability. A contract at 23¢ means roughly a 23% chance, and $1 buys about 4.3 shares.

How much money do I need to start?

You can place a real trade with $10–$20. Contracts are priced in cents, so a $20 balance buys dozens of shares on a cheap market. Start small until you have seen a position settle.