Overview
- Kalshi updated and expanded multiple, state-mapped referral codes July 6–8, including ALCOM15 boosted to $15 and SYRACUSE and OREGONLIVE1 offering $10 in certain state groups.
- The offers require new users to register, verify identity and location, make a deposit and meet minimum qualifying trades before bonus credits are posted.
- Reporters documented a surge in short-term volume on World Cup and other markets, including a cited single-market figure of roughly $27.2 million on the USA–Belgium advancement market.
- Kalshi’s contracts trade at prices between $0.01 and $0.99 that reflect implied probabilities and settle at $1.00 if the outcome occurs, so the promos have altered market-implied odds.
- Polymarket is competing with larger, state-limited credits and regulatory limits, state exclusions and verification rules will determine whether the promotional-driven liquidity endures.