Kalshi Promo Code 2025: Trade NFL Spreads and Totals on the Prediction Market
Now that sports betting is federally legal, many states have legalized traditional sportsbooks, such as FanDuel and DraftKings, among others. However, with the appetite for sports betting growing in the United States, other alternatives have emerged, none more impactful than Kalshi, a prediction marketing platform that now offers NFL sides, totals, and upcoming props, which are legal nationwide.
Kalshi is the premier prediction market exchange. The platform enables you to trade yes/no contracts on real-world events, spanning politics, the economy, and sports. They have recently expanded to include NFL sides, totals, and props, making it the most intriguing prediction market exchange for sharp traders in 2025. We have tested many different sportsbooks, exchanges, and prediction markets, and Kalshi is one of the best.
As highlighted in Kalshi's recent update, the exchange now offers game spreads and point totals for NFL markets, allowing users to legally trade on NFL outcomes in states such as California and Texas, where sports betting is still illegal. Kalshi was limited to moneylines and futures trading, but this addition allows users to trade on popular sports betting markets, with props like anytime touchdown markets also going live.
If you are interested in trying out Kalshi for sports trading, use promo code BETSMART. It is legal in all 50 states, and since Kalshi allows traders to set their own odds, Kalshi often has better odds than traditional sportsbooks, though there are some worthwhile caveats to note. Continue reading to learn more about Kalshi promo codes, how the platform works, and what to look for.
What Is Kalshi? Exploring the Prediction Market Exchange
Kalshi is a federally regulated prediction market exchange where users trade yes/no contracts on event outcomes, priced from 1¢ to 99¢, resolving to $1 (yes) or $0 (no). The CFTC can still step in and denounce this update, but as it stands, Kalshi will begin to offer spreads, totals, and props for the 2025 NFL season.
Unlike traditional sportsbooks that navigate legal hurdles to operate in different states, Kalshi operates under CFTC oversight, making it legal in every state without gambling restrictions, as it's considered a trading platform. For the user, this distinction has notable differences, but also numerous similarities. Kalshi covers diverse markets, including politics and economics, and is now expanding into sports, as announced by Kalshi on August 19, 2025.
This update to Kalshi introduces spreads and totals for NFL games, with props like touchdown bets following suit, allowing users to trade on football outcomes in states where sports betting is still illegal. Kalshi's prediction market model pools liquidity from users nationwide, providing traders with access to high liquidity. For sharp traders, it's the best prediction market exchange in 2025, and its new sports offering will undoubtedly convert sharper sports bettors to the platform.
Yes/No Contracts: The Core of Kalshi's Prediction Market
While Kalshi operates similarly to a sportsbook, the way they frame their trades to make themselves CFTC compliant results in them using different language than traditional sportsbooks do. For example, Kalshi's yes/no contracts allow you to trade on binary outcomes, such as "Will the S&P 500 close above 5,500?" or sports events like "Will the Chiefs win by more than 3.5 points?" This is their way of allowing trades on sports bets without labeling them as such.
Contracts on Kalshi are priced based on market probability, and you can buy "yes" if you believe the event will happen or "no" if not. With this trading model, Kalshi contracts often have better prices than sportsbooks. This structure, combined with Kalshi's focus on prediction markets, provides a unique edge for traders analyzing Kalshi NFL spreads in 2025. However, it is essential to note that there are no pushes on Kalshi, unlike on sportsbooks. That said, live trading and early cashouts are available, just like in sportsbooks.
Legal and Accessible Trading in Every State
Kalshi's CFTC regulation sets it apart, enabling legal trading in states without sportsbooks, like California and Texas. The sweepstakes-like model pools liquidity across users, supporting larger markets and allowing for better prices with no vig. The recent expansion into spreads, totals, and upcoming props means you can now trade on NFL game outcomes nationwide, even in states where sports betting is illegal. This accessibility makes Kalshi the best prediction market exchange for 2025, especially for sharp traders, originators, and market makers seeking alternatives.
How Kalshi Works: Trading Prediction Markets in 2025
Kalshi operates as an exchange where you trade contracts on event outcomes, with prices reflecting collective probability. It operates similarly to a sportsbook. You deposit funds and browse markets, but the difference is that instead of placing a bet, you can buy/sell contracts. If you trade the "yes" on an event that happens, you win, and if you bet "no", you lose.
Kalshi is offering live trading for the 2025 NFL season, so you can hedge out or double down on a trade while it is in progress. They also allow early cash-outs to lock in profits or minimize losses. Per the Kalshi update, sports markets on the exchange now include NFL spreads and totals (e.g., "Will the game total exceed 48 points?"), with no pushes via half-points or 50-cent resolutions on ties. This differs slightly from traditional sportsbooks, which often have pushes on events. To combat this, Kalshi only deals in whole numbers, and probabilities listed will reflect that.
Placing Trades on Kalshi's Exchange
To trade, select a market (e.g., NFL spreads), choose "yes" or "no," enter your stake, and match with opposing traders. Additionally, users can set their own odds and create customized contracts that other traders can choose to match. This peer-to-peer model in Kalshi's prediction market ensures fair pricing based on supply/demand, and also allows a ton of liquidity to enter the market.
With Kalshi promo code BETSMART, you'll receive $10 once you trade 100 contracts
How to Sign Up for Kalshi with Promo Code BETSMART
Joining Kalshi is easy, unlocking legal prediction markets in every state, even if sports betting is not legal. With promo code BETSMART, you'll receive a $10 bonus after $100 in trades, ideal for trading NFL spreads and totals. Available on web and app, Kalshi also supports events such as politics, pop culture, and sports, moneylines, and futures.
Follow these steps to start trading Kalshi NFL spreads 2025 and claim your bonus. Join Kalshi with BETSMART now.
Step-by-Step Sign-Up Guide
Visit Kalshi's Site: Go to kalshi.com or download the app.
Create an Account: Enter details and input promo code BETSMART during registration. Get $10 once you trade 100 contracts.
Verify and Deposit: Complete ID verification (as required by the CFTC) and fund your account via bank transfer or credit card.
Start Trading: Browse markets, trade $100 to unlock your $10 bonus, and explore NFL totals. [Insert screenshot of sign-up screen.]
Tips for Maximizing Your Bonus
With the Kalshi promo code BETSMART, you'll receive $10 once you trade 100 contracts. While this is not the most lucrative offer, it is the best Kalshi has to offer, and it's better than no offer at all. Trading 100 contracts may seem like a tall task, especially for just $10, but if you trade in liquid markets or live betting markets, you can maximize your first 100 contracts for the free $10 from Kalshi.
Why Sign Up for Kalshi in 2025?
Kalshi's prediction market offers sharp traders and originators a regulated way to profit from probabilities, with 2025 expansions making it the best prediction market exchange. Legal in every state, it provides access to NFL spreads, totals, and props without the restrictions typically found in traditional sportsbooks.
Exclusive Bonuses and Rewards
Kalshi's promo code BETSMART unlocks a $10 bonus after $100 in trades, plus ongoing rewards, including a 4% APY on cash balances. Unlike one-time sportsbook bonuses, Kalshi's incentives encourage active trading on new markets, such as NFL props. These perks make Kalshi a cost-effective choice for sharp traders in 2025. These rewards are expected to improve, so bookmark this page to stay up to date with the best Kalshi promo codes.
Tools for Strategic Trading
Kalshi's interface features probability charts and market depth, enabling traders to analyze their trades effectively. Additionally, sharp traders can set their own odds on Kalshi, allowing other traders to trade against them. By setting your own odds, traders often get better prices than the odds listed at traditional sportsbooks. Although there is no traditional vig, trading fees are still a consideration. These fees can add up, so it's essential to track the contracts you are placing and their associated costs.
Kalshi Review: Pros and Cons in 2025
In this Kalshi review 2025, we evaluate the platform's strengths and limitations as a prediction market exchange. With expansions into NFL spreads and totals, as outlined in the PDF, Kalshi offers innovative trading, but it's not without drawbacks. Below, we outline the pros and cons to help you decide if Kalshi is a good fit for your style.
Pros of Kalshi
Legal Trading Nationwide: Accessible in every state via CFTC regulation, unlike restricted sportsbooks.
Innovative Sports Markets: New spreads, totals, and props for NFL, with no pushes and live trading.
Sharp Trader Tools: Probability analysis, early cash-outs, and 4% APY on balances.
Live Volume/Orderbook: When games are live, you can see who is placing the orders, what price, and how much money they are trading.
Live Betting: You can place trades on events while events are happening.
No Limiting: Kalshi will never ban or limit a trader who is doing well on Kalshi.
Cons of Kalshi
Limited Bonus Structure: $10 after $100 trades is modest compared to sportsbook offers.
Contract Fees and Resolution Waits: Small fees apply, and some markets take time to resolve.
No Pushes: Since Kalshi is not a traditional sportsbook, there are no pushes, meaning you cannot tie. Your contract either wins or loses.
With the Kalshi promo code BETSMART, you'll receive $10 once you trade 100 contracts. You're set for profitable prediction market trading in 2025.
Recommended Tools for Kalshi: Enhance Your Prediction Market Trades
Kalshi's prediction market thrives with external tools for probability analysis and edge-finding. Pairing them with Kalshi NFL spreads 2025 helps convert contract prices to odds, as suggested in the PDF. These tools complement Kalshi's yes/no model, boosting returns for sharp traders. Use Kalshi promo code BETSMART to start, then integrate these for better results.
Why Betting Tools Enhance Kalshi's Markets
Kalshi's contracts reflect probabilities, so tools for odds conversion and data analysis amplify edges. Additionally, some of the best sports betting tools offer projections, and Kalshi often has the best odds, making it the preferred place to bet. Any positive EV betting tool or arbitrage betting tools pair perfectly with Kalshi.
Top Betting Tools for Kalshi Users - Add Outlier
OddsJam: OddsJam, a top-tier analytics platform, compares Kalshi’s yes/no contract prices to uncover high-value trading opportunities and potential arbitrage in prediction markets. Its real-time market alerts empower sharp traders to seize fleeting price discrepancies for maximum profit.. Read our OddsJam review.
Pick The Odds: The mission of Pick The Odds is to enable users to find the best odds on any given item. They showcase odds on prediction markets like Kalshi, and Pick The Odds also offers +EV and arbitrage opportunities, allowing users to find value on Kalshi. Read our Pick The Odds review.
Outlier: Outlier has odds from Kalshi when lineshopping. Outlier is a player prop and game line research tool that also has positive expected value, arbitrage, and middling. You can use Outlier to find the best odds on game line bets, and oftentimes, Kalshi is the platform with the best odds. Read out Outlier review.
Feature
Kalshi
FanDuel
Type
Prediction Market
Sportsbook
Sports
MLB, NBA, NFL, NCAAF, CBB, Tennis, Soccer
All Sports
Bonus
$10 for first 100 contracts
Bet $5 Get $200 In Bonus Bets
Regulation
Legal in all 50 states
State-regulated
Conclusion: Why Kalshi Leads Prediction Markets in 2025
Kalshi's expansion into NFL spreads, totals, and props positions it as the best prediction market exchange for 2025, offering legal trading in every state with unique features like no pushes and live updates. Sharp traders benefit from yes/no contracts and early cash-outs. With amazing features like live game order books, live betting cash outs, and now NFL game lines and prop lines, Kalshi should be a mainstay for any trader or sports bettor.
While contract fees are present, Kalshi's transparency and accessibility surpass those of traditional options. Pair with recommended tools for maximum edge. Ready to trade? With the Kalshi promo code BETSMART, you'll receive $10 once you trade 100 contracts.
Kalshi's promo code BETSMART unlocks a $10 bonus, making it an essential platform for trading prediction markets in 2025. Dive into legal NFL spreads and totals today for a smarter trading experience.
