Federally regulated prediction market exchange Kalshi has expanded its offerings to include cricket prediction markets, allowing users to trade on match outcomes worldwide. The platform operates as an event contract exchange where participants purchase shares of yes/no outcomes at prices between $0.01 and $0.99 per share, with correct predictions paying out at $1.00 per share.
Promotional Offer for New Users
Kalshi is offering a $55 trading bonus to new users who complete $25 worth of trades within 30 days of account opening. The promotion requires the referral code CBSSPORTS55, a minimum deposit of $10, and users must be 18 or older with a legal U.S. residential address in a state where Kalshi operates. The bonus trading credits expire after seven days and can only be used for trades on Kalshi event contracts. Profits from bonus trades may be withdrawn only after trading an amount equal to the bonus. Sports contracts are currently unavailable in Michigan, Nevada, and Washington.
Account Registration Process
To claim the offer, eligible individuals must download the Kalshi app, register with personal information including name, address, phone number, and Social Security number, and enter the referral code before making an initial deposit. Identity verification through a KYC process is required. New users must trade at least $25 in contracts priced between $0.03 and $0.97 per contract within seven days to receive the bonus credits.
Market Mechanics and Pricing
Kalshi's cricket markets use a share pricing system that reflects the market's predicted probability. For example, a share price of $0.50 represents a 50% probability with a 2.0x return. The platform provides equivalent pricing across formats: $0.10 per share equals 10% probability (10.0x), $0.20 equals 20% (5.0x), $0.30 equals 30% (3.33x), $0.40 equals 40% (2.5x), $0.60 equals 60% (1.67x), $0.70 equals 70% (1.43x), $0.80 equals 80% (1.25x), and $0.90 equals 90% (1.11x). Users can adjust display settings to view prices in alternative formats.
Featured Cricket Market
As of October 29, Kalshi listed a T20 International between India and New Zealand scheduled for 3:00 a.m. ET on Friday, October 30. The market priced India to win at $0.41 per contract and New Zealand at $0.61 per contract, with the winning team's contracts paying out at $1.00 each.
Responsible Trading Tools
Kalshi provides several responsible trading features including trading breaks that temporarily restrict activity for one day or more, voluntary self-exclusion for user-defined periods, and personalized monthly funding caps that can be adjusted. The platform also directs users to the National Council on Problem Gambling's Financial Trader Health and Safety Initiative and offers customer support for activating trading controls.
Platform Legality and Availability
Kalshi operates as a federally regulated event contract exchange and is the largest prediction market trading platform in the United States by volume. While legal at the federal level, some states impose restrictions on which prediction markets can be offered. Participation is subject to eligibility requirements and jurisdictional compliance, and prediction market content is not intended for individuals in prohibited jurisdictions.
