Full Breakdown
Kalshi's New Referral Codes Boost Engagement for Upcoming Sports Events
2/18/2026, 9:42:42 PM
Overview of Kalshi's Promotions
Kalshi, a regulated prediction market platform overseen by the U.S. Commodity Futures Trading Commission (CFTC), is currently offering several promotional referral codes to attract new users. These promotions include a $10 bonus for new users who complete a minimum of $10 in trades. The referral codes, such as NYPMAX, SILIVE, WTOP, LABS, and MLIVE, provide users with an opportunity to engage in trading on various sports events, including high-profile matchups like the upcoming college basketball game between No. 1 Michigan and No. 7 Purdue.
Key Details of the Promotions
To activate the promotional bonuses, new users must enter the respective referral code during the account registration process. For instance, using the Kalshi promo code NYPMAX allows users to trade $10 and receive a $10 bonus. Similarly, the SILIVE code offers a $10 bonus after completing ten event trades. The promotions are available in most U.S. states, excluding Arizona, Illinois, Massachusetts, Maryland, Michigan, Montana, New Jersey, and Ohio.
Upcoming Events and Market Insights
The Michigan vs. Purdue game is set to take place on February 17, 2026, at 6:30 PM ET, and is expected to be a significant event in the college basketball calendar. The prediction markets currently give Michigan a 58% chance of winning, while Purdue stands at 42%. This matchup is particularly notable as both teams are ranked in the top ten of the AP poll, with Michigan holding a strong road record of 8-0.
How to Participate
To participate in Kalshi's trading, users must complete a few straightforward steps: register for an account, enter the promo code, make a minimum deposit, and execute trades totaling at least $10. This process allows users to unlock their bonus, which can be used for further trading on various markets, including sports, politics, and economics.
Criticism & Opposition
While Kalshi's model offers a unique alternative to traditional sportsbooks by allowing users to trade on real-world outcomes, some critics argue that the platform may still pose risks similar to gambling. Concerns have been raised about the potential for substantial losses in event contract trading, which may not be suitable for all investors.
Official Statements & Responses
Kalshi emphasizes that its platform is designed to provide a transparent and data-driven environment for trading. The company encourages users to engage with its markets responsibly, highlighting the importance of understanding the risks involved in trading contracts.
Verbatim Quotes
- “Arsenal Kalshi transforms game outcomes into tradable financial contracts.” — Kalshi Official Statement
- “This $10 first trade unlocks the $10 bonus to use on more markets this week.” — Kalshi Promotional Details
What's Next
As the college basketball season progresses, Kalshi plans to continue offering promotional codes and expanding its market offerings. Users can expect more opportunities to engage with upcoming sports events and other prediction markets as the platform evolves.
