As NFL preseason action continues Saturday night, the Chicago Bears travel to Paycor Stadium to face the Cincinnati Bengals in a matchup featuring two teams looking to build momentum before the regular season. Whether you’re tracking preseason storylines, monitoring roster battles, or simply looking for another game to trade, new users can use the Kalshi referral code MLIVE to unlock a $25 bonus before kickoff.
Kalshi promo code MLIVE at a glance
🎁 Kalshi promo code MLIVE💰 Kalshi new-user promo detailsTrade $25, get a $25 bonus✍️ Terms and conditions— Create an account and place a $25 trade within 30 days to activate the promo.
— Trading bonuses are non-withdrawable and expire seven days after receipt.
— Must be 18 or older and a new customer to claim the Kalshi welcome bonus.
— Kalshi is not available in the following states: AZ, IL, MA, MD, MI, MT, NJ, NV and OH.✅ Last verifiedAug. 22, 2026
How to claim the Kalshi promo code $25 bonus
- Sign up for a new Kalshi account by visiting one of the Kalshi promo code links or banners on this page.
- Enter referral code MLIVE during registration.
- Complete identity verification.
- Trade at least $25 in event contracts within the qualifying window.
- Receive your $25 bonus credit.
Bears vs. Bengals: Today’s snapshot
Chicago heads into Cincinnati after opening preseason play with a victory, while the Bengals also enter the week unbeaten in exhibition action. The game gives both coaching staffs another opportunity to evaluate depth players and determine roster spots before final cuts approach later this month.
Playing-time decisions, quarterback rotations and roster movement can heavily influence preseason results. That uncertainty is part of what makes these markets attractive to traders looking to capitalize on breaking news throughout the week.
Bengals starting QB Joe Burrow played two series in the preseason opener and is likely to play one or two series against Chicago. Josh Johnson and Sean Clifford will see the most action after that.
There is no word on how much Bears starter Caleb Williams will play, but Case Keenum will likely get a majority of the snaps after Tyson Bagent injured his hamstring in the first preseason game.
New users can lock in the Kalshi referral code MLIVE before kickoff and trade on the outcome of the Bears vs. Bengals.
Kalshi markets for Bears vs. Bengals
Kalshi’s game-winner market currently lists Cincinnati as the favorite with approximately 77% implied probability, while Chicago sits near 23%. The platform also offers additional contract markets tied to the matchup, including quarter-specific spreads and total-points projections. As roster plans become clearer later in the week, those numbers can move significantly.
Monitoring injury reports, starter announcements, and coaching comments throughout the preseason often provides clues on the best trades to make before markets fully adjust.
Kalshi odds vs. sportsbook odds
Kalshi’s pricing reflects implied probability rather than odds at the best sports betting apps. Cincinnati’s current 77% probability translates roughly to -335 in American odds, while Chicago’s 23% probability is approximately +335.
Because Kalshi operates as an exchange where users buy and sell event contracts, pricing differs from online sportsbooks. Traders comparing platforms should always evaluate implied probability alongside traditional betting markets before making a decision.
Is Kalshi legal in Michigan?
Kalshi operates as a federally regulated exchange overseen by the Commodity Futures Trading Commission (CFTC), rather than as a traditional state-licensed sportsbook. Availability can vary as regulatory developments continue around sports event contracts.
Michigan readers and others in states with questions about event-contract access should confirm current eligibility directly through Kalshi before signing up. The platform’s availability can change as legal and regulatory matters evolve. Users in eligible states can claim the latest Kalshi sign-up bonus.
Kalshi promo 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, NE$25NJCOMNY, PA, WV, VT$25MLIVEFL, ND, SD, IN, MO, KS$25
Kalshi alternative: Claim the Polymarket promo code
Why lock yourself into one prediction market platform when you can join another one to shop for the best prices? Polymarket has many of the same markets as Kalshi but could offer a better payout. Get in on the action at Polymarket and claim the new-user promo.
Register using the latest Polymarket promo code ALCOM to claim a $20 bonus when you deposit $10.
Bears vs. Bengals on Kalshi FAQ
What is the Kalshi referral code for the Bears-Bengals game?
The referral code is MLIVE, which unlocks a Trade $25, Get $25 bonus offer for eligible new users
How do I claim the Kalshi bonus?
Create an account, enter MLIVE, complete verification, and trade at least $25 in qualifying event contracts to receive the bonus credit.
Can I trade on Bears vs. Bengals at Kalshi?
Yes. Kalshi offers a game-winner market for Bears vs. Bengals, along with additional football-related event contracts tied to the matchup.
What’s the difference between Kalshi and a sportsbook?
Kalshi lists event contracts based on the probability of an outcome occurring. Instead of wagering against a sportsbook, users buy and sell contracts that settle based on the final result.
Disclaimer: Event contract trading involves risk of loss and is not suitable for all investors. 18+. Void where prohibited. See Kalshi’s terms and regulatory information for details.
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