Kalshi Refer a Friend Promo Code MRG: Earn $25 Today, September 2026

Kalshi’s refer a friend program credits both you and your friend once they trade. See how it works, plus Kalshi’s current sign-up offer with code MRG.

Kalshi runs a referral program that rewards both sides once a referred friend starts trading. The current promotion: invite a friend through your personal link, and you can each earn up to $25 in trading credits once they complete $25 in qualifying trades within seven days of opening their account.

You can refer up to 40 people and earn up to $1,000 total from referrals. Kalshi does run different referral campaigns over time, so treat this as the live offer rather than a permanent fixture. Referral activity like this is part of what’s driven Kalshi’s record trading volume this year.

How the Kalshi Refer a Friend Program Works

1. Open the Kalshi app and go to Menu → Referrals to find your unique referral link and code.
2. Share that link directly with a friend, they need to sign up through the link itself for the referral to track.
3. Your friend completes registration and identity verification (KYC).
4. Your friend places $25 in qualifying trades within seven days of opening their account.
5. Once that requirement is met, both of you receive up to $25 in trading credits, credited to your account under Menu → Activity → Credit.

The Current Kalshi Referral Terms

Kalshi’s referral promotions change over time, so the specific $25-for-$25 structure above reflects the current campaign rather than a permanent rate.

The company’s own help center notes that referral amounts and requirements are shown in each user’s individual Rewards section, which is the place to look if what you see in the app doesn’t match this page.

Third-party sites quoting different numbers, $10, $60, or higher, are generally describing offers tied to their own tracked links at different points in time, not conflicting facts about the same program.

With football season underway, there’s no shortage of markets for a referred friend to trade toward that $25 requirement. For how Kalshi’s offer compares to other prediction market platforms, see our prediction market promo codes roundup.

Kalshi Promo Code Offer

Separate from the referral program, new users can register with code MRG for Kalshi’s standard sign-up terms.

Promo Code	MRG
Minimum Deposit	$10
Minimum Trade	$1
Regulator	CFTC (Designated Contract Market)

18+. Availability varies by state and is subject to ongoing regulatory developments, confirm your state’s current status before signing up. T&Cs apply.

Kalshi Refer a Friend Terms Worth Knowing

• Referrals require the direct link. If your friend signs up without clicking through your specific link, Kalshi won’t attribute the referral to your account, even if they enter your code manually afterward in some cases.
• KYC verification is required on both ends. Neither the referrer nor the referee needs to have this done in advance, but your friend must complete it before the referral counts.
• The current promotion caps out at 40 referrals. You can earn up to $1,000 total through this campaign, meaning the $25-per-referral structure has a real ceiling if you’re referring a large group.
• Rewards are trading credits, not instant cash. Referral bonuses post as credit usable for trading Kalshi markets. Proceeds you go on to earn from trades made with that credit are generally what becomes withdrawable, not the credit itself.
• The seven-day window is tight. Your friend needs to complete $25 in qualifying trades within seven days of opening their account, not seven days from when they receive the link.

Where Is Kalshi Available?

Kalshi operates in most US states, though availability shifts as the company’s legal disputes with individual states continue to play out, see our coverage of the CFTC’s intervention to keep Kalshi operating in New York for more on that fight.

As of this writing, Kalshi is available in Alabama, Alaska, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Indiana, Iowa, Illinois, Kansas, Kentucky, Louisiana, Maine, Minnesota, Mississippi, Missouri, Nebraska, New Hampshire, New Mexico, New York, North Carolina, North Dakota, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, West Virginia, Wisconsin, Wyoming, and DC.

Because several states have active litigation against Kalshi, this list can change, confirm current availability directly before signing up.

Kalshi Refer a Friend FAQs

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This article contains affiliate links. Trading event contracts on Kalshi involves financial risk. Availability, codes, and offer terms vary by state and are subject to change. 18+. If you or someone you know has a gambling problem, call 1-800-GAMBLER.