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Kalshi Launches Cricket Prediction Markets Across US
Confirmed
In Short: The CFTC is currently reviewing incentive programs across prediction markets platforms, which has prompted Kalshi to end one of its volume-based reward programs nearly a year early.
According to CBS Sports, Kalshi's cricket prediction markets are now available for trading, catering to fans of one of the world's most popular sports.
Users can claim a $55 trading bonus after making their first $25 worth of trades, provided they reside in a jurisdiction where Kalshi operates and complete the KYC sign-up process.
Kalshi's cricket markets offer high liquidity and a robust catalog of trading options, making it a preferred platform for those interested in cricket prediction markets.
The CFTC is currently reviewing incentive programs across prediction markets platforms, which has prompted Kalshi to end one of its volume-based reward programs nearly a year early.
The program previously divided a fixed reward pool among traders based on their share of qualifying volume in designated markets, but Kalshi reserved the right to remove participants it deemed abusive.
Kalshi's compliance department has taken action against traders suspected of insider trading, including former politician Santos, who was fined $71,356 for placing bets related to his attendance at President Trump’s State of the Union address.
Some states are seeking to sue or ban prediction markets amid allegations of insider trading, bets on military operations, and deceptive marketing practices.
Kalshi and Polymarket have recently signed agreements with the NBA to become the league's 'Preferred Prediction Market Exchanges,' offering new opportunities for fan engagement.
Despite regulatory scrutiny and legal challenges, Kalshi remains the most broadly accessible prediction market in the U.S., offering a wide range of markets and high liquidity.
Users interested in cricket markets should visit Kalshi's promo code review page for more details and to claim the $55 bonus after making their first $25 worth of trades.
What this adds
Kalshi's cricket prediction markets are part of a broader expansion of the platform into various sports and events, including football and the NBA.
The CFTC's review of incentive programs could lead to broader changes in how prediction markets operate, potentially affecting user rewards and trading practices.
Kalshi's decision to end its volume-based reward program reflects a cautious approach to regulatory compliance and market integrity.
What's confirmed
- Only profits from trades placed using the Bonus Credit can be withdrawn.
- Kalshi is moving to end a program that pays traders for generating volume, nearly a year before it was scheduled to expire.
- Kalshi also reserved the ability to remove participants it determined were abusing the rewards.
- If a trader accounted for 10% of the eligible volume during a reward period, that trader received 10% of that market’s reward pool.
- And without oversight from Washington, DC, an increasing number of states are looking to take action as experts fear a wave of gambling addiction, facilitated by a surge in interest for betting on platforms like Kalshi and Polymarket.
- Kalshi also fined Santos $71,356 over the activity.
What's still developing
- All 50 states, Washington, D.C. and U.S. territories users can create an account but specific products, event contracts and markets vary by state.
- As a federally-regulated prediction market exchange, Kalshi lets you trade on outcomes for cricket matches around the world.
- Must trade $25 on Prediction Markets within 30 days of account opening to qualify.Trading Credit expires after 7 days.
- The agency has not announced a decision, identified a target or said it directed Kalshi to terminate its program.
- Front Office Sports has since reported that the agency is conducting a broader sweep of trader and market-maker incentives.
- Kalshi is ending one rewards structure, not abandoning incentives altogether.
- Prediction-market odds compared across Kalshi, Polymarket and more, explained in plain English, with the contracts behind every number.
- Last week, allegations emerged over trading in Kalshi ’s Ether perpetual futures market that led to inflated volumes.
- The program rewarded executed trades, rather than simply placing an order on the book.
- The details matter because not all volume on Kalshi automatically earned a payment.
- Can’t-miss innovations from the bleeding edge of science and tech Just over a month after suing prediction market Kalshi for running an “illegal gambling” operation, New York state authorities are now accusing competitor Polymarket of exactly the same thing.
- In fact, president Donald Trump’s family has direct ties to both Kalshi and Polymarket.