The 2026 Detroit Lions kick off their schedule tonight against the Bengals in Cincinnati. It may only be preseason, but plenty of Lions fans will be trading on this game on Kalshi. You can get in on the action with up to a $500 bonus by signing up today with the Kalshi referral code MLIVE.

Kalshi referral code MLIVE at a glance

🎁 Kalshi referral codeMLIVE💰 Kalshi sign-up bonus detailsTrade $25, get up to a $500 bonus📝 Kalshi promo code terms and conditions— Must be 18+ to sign up
— Only new users can claim the bonus
— Must trade $25 within 30 days of signing up to receive the bonus
— Bonus amount will be either $15, $35, $75, $100 or $500.
— Bonus cannot be withdrawn and expires after seven days.
— Kalshi is not available in the following states: AZ, IL, MA, MD, MI, MT, NJ, NV and OH.✅ Last verifiedAug. 13, 2026

How Kalshi works for trading on Lions vs. Bengals NFL Preseason Week 1

Kalshi is growing quickly. Thousands of sports fans are intrigued by prediction markets as an emerging alternative to the best Michigan sportsbooks. But Kalshi is not a sportsbook, and while there are some similarities, prediction market trading is quite different from sports betting. Here is an overview of how Kalshi works.

On Kalshi, users buy and sell contracts representing real-world event outcomes. You can buy “Yes” or “No” contracts for each outcome. Prices range from $0.01 to $0.99, and if your prediction is right, you receive $1 per contract.

Here is an example of how Kalshi works for tonight’s Lions vs. Bengals game.

At the time of writing, the Bengals are trading at $0.71 to win the game. To claim the Kalshi promo code, you need to trade $25, so you would need to buy at least 36 contracts for a total of $25.56 (not including the transaction fee). If the Bengals win, you would receive $36 and profit $10.44.

There would also be a $0.52 fee on that order, so you would really be paying $26.08 and profiting $9.92 after deducting the fee. Trading fees are the Kalshi version of the vig at sportsbooks, and the cost is roughly equal. One big difference at Kalshi is that some orders do not incur fees, whereas the vig is unavoidable at sportsbooks.

Another difference at Kalshi is that it shows you the price history for a market, like in the example below. This chart is updated in real time, so the price you see may not be the price referenced above. You can also click this chart to see other prediction markets for the Lions vs. Bengals game, like the point spread, over/under and player props.

How to activate the Kalshi referral code MLIVE

Claiming the Kalshi promo code MLIVE is quick and easy. Just follow these steps:

1. Click one of the Kalshi promo code links or “Get Bonus” buttons on this page.
2. Create an account using your email address or your Google or Apple account.
3. Verify your identity by uploading a photo of your ID and taking a selfie.
4. Make a deposit. The minimum is $1, but we recommend depositing at least $25 so you can make the minimum trade to claim the bonus.
5. Trade $25 on Lions vs. Bengals or any other markets.
6. Collect your bonus and use it within seven days.

Active Kalshi promo codes in your area

There are multiple Kalshi promo codes, but each code in the table below offers the same sign-up bonus. However, you may find other codes that either do not work or do not offer the same value, so stick with one of these codes when you sign up.

Kalshi codeVerified statesTrading bonusALCOMAK, AL, AR, CA, CO, FL, GA, HI, IA, ID, IN, KS, KY, LA, MN, MO, MS, NC, ND, NE, NM, OK, OR, SC, SD, TN, TX, UT, VA, WA, WI, WY$15 to $500NJCOMCT, ME, NH, NY, RI, VT$15 to $500PENNLIVEDE, PA, WV$15 to $500

NOTE: Must be 18 years or older and have a legal U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NJ, NV and OH.

Alternative to the Kalshi referral code MLIVE

Polymarket is one of Kalshi’s biggest competitors in the U.S. prediction trading market. Many prediction traders have accounts on both sites, as prices and trading volume can vary for some markets.

If you want to sign up for both Kalshi and Polymarket, you can use the Polymarket promo code MLIVE to get a $20 bonus after you deposit $10. That is even easier than claiming the Kalshi welcome offer, since you get the bonus after making a deposit and before making your first trade.

Why the Kalshi referral code MLIVE is the best option for Lions vs. Bengals NFL Preseason Week 1

Kalshi offers several benefits compared to traditional sports betting. Here are the top five reasons to sign up today.

1. Trade where you can’t bet: The most obvious advantage is that Kalshi is available in some states where sports betting is not. As a financial exchange, Kalshi is federally regulated by the Commodity Futures Trading Commission (CFTC), so it is not subject to state gambling laws.
2. Cash out at any time: Just like you can sell stocks any time, you can sell Kalshi contracts any time at the market price. This gives you more flexibility to lock in your profits or cut your losses compared to sportsbooks, where you do not always have the option to cash out a bet.
3. Set your own price: You are not locked in to the current prices on Kalshi. If you place a limit order, you can offer a lower price and see if another user is willing to accept your trade. In many cases, you can also avoid paying fees when you place a limit order.
4. Earn interest: Kalshi pays variable interest when you have at least $250 in your account, including your cash balance and open contracts. The current interest rate is 3.25%, which is similar to a good savings account. Sportsbooks do not compensate you for holding money in your account.
5. Trade on anything: Kalshi has more than just sports markets. Approximately one-third of users trade other categories like elections, politics, pop culture and more. A few examples of popular non-sports markets are “Who will win the 2028 U.S. Presidential election?” and “What movie will win ‘Best Picture’ at the Oscars?”

Note: Event contracts trading involves risk of substantial loss and is not suitable for all investors. Prediction market content is not intended for individuals in jurisdictions where they are prohibited.

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