The recently upgraded Kalshi referral code MLIVE reveals more bonuses than ever for new users who sign up and trade $25 on any market. A maximum bonus payout of $500 is available, and this weekend’s sports schedule features plenty of trading opportunities. The third round of the 3M Open is live from TPC Twin Cities in Blaine, Minn., and the top drivers in NASCAR compete in the Brickyard 400 at the historic Indianapolis Motor Speedway on Sunday.

NOTE: Sports trading with Kalshi is currently unavailable for customers in Michigan.

Kalshi referral code MLIVE at a glance

🎁 Kalshi referral code MLIVE💰 Kalshi new-user promoTrade $25, get up to a $500 bonus✍️ Terms and conditions— $25 trade requirement must be completed within 30 days of account creation.
— Bonus payout varies from $15 to $500.
— 70% of customers get a $15 bonus, 24% get a $35 bonus, 5% get a $75 bonus, 0.65% get a $100 bonus and 0.35% get a $500 bonus.
— Bonuses cannot be withdrawn and expire after seven days.
— Must be 18+ and a new registrant to claim the sign-up bonus.
— Kalshi isn’t available in AZ, IL, MA, MD, MI, MT, NJ, NV and OH.✅ Last verifiedJuly 25, 2026

How to activate the latest Kalshi referral code MLIVE

Kalshi makes it easy for first-time customers to create an account and start chipping away at the $25 trade requirement. Follow these straightforward steps to claim the Kalshi sign-up bonus in less than five minutes:

1. Click a Kalshi referral code link or “Get Bonus” button to get started.
2. Register an account by providing an email address, Apple ID or Google account.
3. Complete the identity verification process and insert the Kalshi bonus code MLIVE when prompted.
4. Deposit at least $25.
5. Submit $25 in trades on any market to receive between $15 and $500 in bonuses.

NOTE: Debit card deposits incur a 2% processing fee. Deposit slightly more than $25 if you pick this method.

How Kalshi works for the Brickyard 400 and 3M Open

Kalshi is the most popular prediction market in the U.S. It’s drawn comparisons to sports betting sites like BetMGM and FanDuel, but there are some important differences to be aware of.

For starters, Kalshi is a financial exchange with legal oversight by the Commodity Futures Trading Commission. Users trade “Yes” and “No” contracts on events in sports, politics, finance and more. Contracts are displayed with probabilities and prices, such as Denny Hamlin’s 20% chance to win the Brickyard 400. Purchasing a contract on Hamlin to finish first costs $0.20.

Hamlin has the highest probability to win based on the Kalshi market figures, but customers can score a solid $88.31 profit with an accurate $25 trade on his “Yes” contracts. If Hamlin finishes second or worse, contracts settle at $0, and no cash is earned from the prediction.

Kalshi customers aren’t forced to pay the “vig”, which is a tax applied to all wagers placed with a sportsbook. Kalshi does charge a transaction fee to trades, but the fee is often less than the “vig”.

Limit orders are another perk of trading with Kalshi. If you want to make a prediction at a lower price than what’s currently available, a limit order can be placed to automatically purchase contracts if the market hits your chosen price. There’s a risk that the market never reaches your designated price and no contracts are purchased, but this feature allows you to have greater control over your trading activity.

Current Kalshi referral codes by state

The value of the Kalshi referral code is standard across all eligible states. A $25 trade returns a bonus ranging from $15 to $500. However, the code that’s required during registration varies by region. Consult the table below to see which code is available in your state.

Kalshi referral codeVerified statesTrading bonusALCOMCA, TX, NY, OK, NM, GA, SC, AL, AR, MS, NC, VA, TN, LA, KY, WA, OR, UT, ID, AK, HI, WY, CO, WI, MN, NEUp to $500NJCOMNY, PA, WV, VTUp to $500PENNLIVEFL, ND, SD, IN, MO, KSUp to $500

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

Kalshi is the top choice for predicting real-world events in the U.S., but that shouldn’t stop you from exploring other options. Polymarket offers a similar experience with a unique site layout and trading options.

See how the platform compares to Kalshi by grabbing the Polymarket referral code MLIVE. An initial deposit of $10 or more unleashes a $20 trading bonus.

Expert take on why the Kalshi bonus code MLIVE is a top option today (July 25, 2026)

New customers may need some time to overcome the learning curve of contract trading with Kalshi. Signing up with the site and getting hands-on experience with trading is the best way to learn the ins and outs. As you spend more time with the platform, you’ll come to appreciate these outstanding features:

• Countless trading options: Sports markets are extremely popular at Kalshi, as evidenced by the $200+ million traded on LeBron James’ next team. However, the offerings at Kalshi aren’t exclusive to sporting events and storylines. Kalshi has prediction markets covering politics, elections, commodities, climate and pop culture. You can even predict the winner of Big Brother and the U.S. viewership numbers for the World Cup final.
• Near nationwide accessibility: Customers in more than 40 states can sign up and trade sports contracts with Kalshi, including Texas and California. If sports betting isn’t legal in your state, there’s a strong chance you can predict the action with Kalshi. The platform’s sports markets occasionally offer better value than betting on the same market with a sportsbook like DraftKings or FanDuel.
• Straightforward pricing: Initially, it feels strange to read prices and probabilities for a market rather than American odds. However, it’s much easier to understand the market sentiment and value when every trading option is presented with a probability. This feature is especially helpful for new customers with no experience in contract trading.

Event contract 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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