Overview
- Kalshi is promoting the OREGONLIVE1 code that awards a random bonus credit up to $500 after new accounts complete $25 in trades and pass KYC; the offer is active in verified regional states.
- The promotion uses a probability-tier system that most often gives the smallest prize and rarely the top prize, with published odds such as a 70% chance of $15 and a 0.35% chance of $500.
- Qualification windows differ by route: referral-program accounts must meet the $25 trade threshold within seven days while promo-code accounts have a 30-day window, and awarded credits expire if unused after seven days.
- Terms restrict cash access because bonus credits must be traded through once before any resulting profits can be withdrawn, and the offer is blocked in several states including AZ, IL, MA, MD, MI, MT, NJ, and OH.
- Analysts and competitors note the promo can create bursts of liquidity that move implied probabilities, and observers say strict KYC enforcement and whether new users keep trading will determine if that liquidity is durable.