Kalshi is launching a promotional campaign that rewards new users with a $35 bonus after they complete $25 in qualifying trades. The offer is specifically tied to the August 23 preseason matchup between the Seattle Seahawks and the Tennessee Titans.
The $35 incentive for a $25 Seahawks vs. Titans trade
The promotional offer, which utilizes the code COVERS35, is designed to lower the barrier to entry for new participants on the Kalshi platform.. According to the report from Covers, eligible new customers who are at least 18 years old can claim a $35 bonus by completing at least $25 in qualifying trades on Kalshi's Predictions product.
The mechanics of the promotion are structured to reward both winning and losing outcomes. For instance, if a user trades $25 on the Seahawks vs. Titans matchup and the prediction is incorrect, they still receive the full $35 bonus. Conversely, if the $25 trade is successful, the user retains their original winnings and receives the $35 bonus as an additional credit. This structure aims to incentivize engagement with the specific NFL preseason event.
CFTC regulation as a differentiator from sportsbooks
The rise of prediction markets represents a significant shift in how audiences interact with real-world events, a trend also observed with platforms like Polymarket. While traditional sportsbooks are built around gambling markets, Kalshi positions itself as a platform for event-based contract trading. This distinction is central to its market identity and user appeal .
As a federally regulated exchange under the Commodity Futures Trading Commission (CFTC), Kalshi operates under a different regulatory framework than standard sports betting sites. This oversight provides a layer of institutional legitimacy that differentiates its "Predictions" product from the traditional gambling industry.. By framing the activity as trading rather than betting , the platform targets users interested in the intersection of sports outcomes and financial-style contracts.
The seven-day expiration on Kalshi bonus credits
Users must be mindful of the strict timeline associated with the promotional rewards. The report states that once the $35 bonus credit is granted, it expires exactly seven days later. This creates a narrow window for traders to deploy the bonus on additional trades before the credit is forfeited.
Because event contract trading involves significant financial risk, the platform emphasizes that users should consider their personal financial circumstances before participating. The bonus is intended to be used for subsequent trades on the platform, after which users can withdraw eligible cash proceeds from their accounts.
Which jurisdictions are excluded from the Kalshi offer?
Several critical details regarding the scope of the COVERS35 promotion remain unverified. While the source notes that Kalshi products are not available in all jurisdictions, it does not explicitly list which states or regions are prohibited from participating. This leaves potential users in a state of uncertainty regarding their eligibility based on their location .
Furthermore, the specific criteria for what constitutes a "qualifying trade" are not fully detailed beyond the $25 minimum. It remains unclear if certain types of contracts are excluded from the promotion or if the $25 must be placed on a single trade versus multiple smaller transactions. Until Kalshi provides more granular terms, new users will need to exercise caution when attempting to trigger the bonus.
Comments 0