The Kalshi referral code is LIVESCORE. Enter it when you sign up as a new user and you'll receive a $10 bonus once you complete $10 in trades on the platform. No complicated steps, no wagering requirements, just sign up, trade $10, and the bonus lands in your account.
Here's everything you need to know about the code, how to claim it, and what Kalshi actually is.
Kalshi Referral Code: LIVESCORE
Use the code LIVESCORE when registering a new Kalshi account to unlock the new user welcome bonus. The offer is straightforward, make $10 in trades across any of Kalshi's markets and receive a $10 bonus credited to your account.
The bonus can be used across Kalshi's full range of markets, from sports and politics to economics, entertainment and more. New users only. Must be 18 or older with a valid US residential address. Not available in AZ, IL, MA, MD, MI, MT, NJ, NV, and OH for sports markets. Full terms and conditions apply.
How to Use the Kalshi Referral Code
Claiming the bonus with code LIVESCORE takes a few minutes:
Register: Download the Kalshi app or visit the website and create a new account.
Enter the code: Input LIVESCORE when prompted during the sign-up process.
Verify your identity: Provide your name, address, date of birth and the last four digits of your SSN for identity verification.
Deposit: Add funds to your account. Kalshi accepts bank transfers, debit cards, PayPal, Venmo and crypto.
Trade $10: Place at least $10 in event contracts across any Kalshi market.
Collect your bonus: Your $10 bonus is credited to your account once the trading threshold is met.
New users only. Referral code must be entered at sign-up. The $10 credit expires after 30 days and cannot be withdrawn, only winnings from trades using the bonus can be withdrawn. Sports contracts currently unavailable in NV. See Kalshi.com for full terms.
What Is Kalshi?
Kalshi is the first federally regulated prediction market exchange in the United States. Rather than placing traditional sports bets against a bookmaker, Kalshi users buy and sell event contracts, essentially trading on the probability of real-world outcomes happening.
Kalshi is a regulated exchange where you can buy and sell contracts on the outcome of events. Contract prices reflect the view of traders as to the chances of the event happening, and each contract is worth $1 if you are right.
The platform is regulated by the Commodity Futures Trading Commission (CFTC) as a Designated Contract Market (DCM), the same federal framework that governs futures exchanges like the Chicago Mercantile Exchange. That distinction is important because it means Kalshi operates under federal financial law rather than state gambling law, which is why it is available far more widely than traditional sportsbooks.
How Does Kalshi Work?
Every market on Kalshi is structured as a yes/no question. Users trade contracts based on what they think the outcome of a future event will be. Within each market, users can choose to buy a "yes" or a "no" contract tethered to a specific outcome, and the price of that contract is based on the probability of that outcome occurring.
Contract prices move between $0.01 and $1.00. If a contract is priced at $0.65, the market believes there is roughly a 65% chance of that outcome occurring. If you're right and the event resolves in your favour, the contract pays out $1. If you're wrong, it pays out $0.
Unlike a traditional sportsbook where your bet is locked in until the result is settled, Kalshi lets you exit positions early, similar to how you would sell a stock before a company reports earnings. This gives traders more flexibility to manage risk and react to new information as events develop.
What Can You Trade on Kalshi?
Kalshi boasts over 85,000 active markets and weekly volumes surpassing $2 billion. Markets span a wide range of categories:
Sports: Game outcomes, championship winners, player props and season-long futures across the NFL, NBA, MLB, NHL, college football, soccer and more.
Politics: Election outcomes, approval ratings, legislative events and policy decisions at federal and state level.
Economics: Federal Reserve rate decisions, inflation data, unemployment figures and macroeconomic indicators.
Entertainment: Award show winners, reality TV outcomes, music chart positions and pop culture events.
Finance and Tech: Stock market movements, crypto prices, company earnings and technology milestones.
Science and Climate: Weather events, climate data and scientific announcements.
Is Kalshi Legal?
Kalshi is legal in all of the United States because it is a federally regulated Designated Contract Market and not a fixed-odds online sportsbook. Because of its DCM status, Kalshi falls under the regulatory umbrella of the CFTC, which covers financial service providers for all 50 states. Unlike traditional sports betting sites, it doesn't require individual gambling licenses in states where online sports wagering is legal. As a result, it's available in gambling-prohibited states like Texas and California.
This is a significant difference from traditional sportsbooks like FanDuel or DraftKings, which require state-level gambling licences and are unavailable in states that haven't legalised sports betting. Kalshi's federal regulation means residents of California, Texas, Florida and Georgia — states where online sports betting is not legal — can still use the platform.
Sports contracts are not available in AZ, IL, MA, MD, MI, MT, NJ, NV and OH, where state regulators have raised legal challenges to Kalshi's sports markets specifically. Non-sports markets, politics, economics, entertainment and others, remain available in those states.
Kalshi vs Traditional Sports Betting
Kalshi is often compared to a sportsbook, but the two operate very differently. Here's how they stack up:
Odds format: Sportsbooks use fixed odds set by a bookmaker. Kalshi prices are set by the market — by the collective activity of all traders buying and selling contracts. There is no house setting the line.
Availability: Traditional sportsbooks are unavailable in states without legalised sports betting. Kalshi is available nationwide, including in states like California and Texas.
Flexibility: Once a sportsbook bet is placed, it's generally locked in. Kalshi lets you sell contracts before an event settles, allowing you to take a profit early or cut a loss.
Age requirement: Most US sportsbooks require users to be 21 or older. Kalshi requires users to be 18 or older.
Markets: Sportsbooks focus exclusively on sports. Kalshi covers sports, politics, economics, entertainment, science and more.
Kalshi Referral Code vs Refer-a-Friend Code
It is worth noting the difference between the two types of codes on Kalshi. The referral code LIVESCORE is a new-user promo code that unlocks the welcome bonus when you sign up. This is separate from the Kalshi refer-a-friend programme, which gives existing users a unique personal code to share with friends. When a friend signs up using an existing user's personal refer-a-friend code, both parties receive a bonus. The two are different codes and offer different rewards — the code LIVESCORE applies only to the new-user welcome offer.
Frequently Asked Questions
What is the Kalshi referral code?
The Kalshi referral code is LIVESCORE. Enter it when creating a new account to receive a $10 bonus after your first $10 in trades.
Do I need a referral code to sign up for Kalshi?
You don't need a code to create an account, but entering LIVESCORE at sign-up is the only way to unlock the new-user welcome bonus. Without a code, no bonus is applied.
How old do you have to be to use Kalshi?
You must be 18 years or older with a valid US residential address to open a Kalshi account.
Is Kalshi available in my state?
Kalshi is available in all 50 states. Sports contracts are currently unavailable in AZ, IL, MA, MD, MI, MT, NJ, NV and OH, though non-sports markets remain accessible in those states.
How is Kalshi different from a sportsbook?
Kalshi is a federally regulated prediction market exchange, not a sportsbook. You trade event contracts rather than placing fixed-odds bets, prices are set by market activity rather than a bookmaker, and you can exit positions before an event settles.
