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Kalshi Launches Cricket Prediction Markets in U.S
Confirmed
In Short: Kalshi, a federally-regulated prediction market exchange, has launched cricket prediction markets for users in all 50 states, Washington, D.C., and U.S. territories.
Kalshi, a federally-regulated prediction market exchange, has launched cricket prediction markets for users in all 50 states, Washington, D.C., and U.S. territories, according to CBS Sports.
The exchange allows users to trade on outcomes for cricket matches around the world, offering a robust catalog of markets with high liquidity.
To qualify for a $55 trading bonus, new users must make their first $25 worth of trades within 30 days of account opening.
Kalshi’s cricket prediction markets are available for trading for fans of one of the world's most popular sports.
The exchange is regulated by the CFTC and requires users to complete the KYC sign-up process.
Kalshi is ending one rewards structure that paid traders based on volume nearly a year early, as the CFTC reviews incentive schemes across the industry.
The program rewarded executed trades rather than simply placing an order on the book, and Kalshi reserved the ability to remove participants it determined were abusing the rewards.
Kalshi’s compliance department said it established reasonable cause to believe that Santos had placed bets connected to his own attendance at the event.
Kalshi fined Santos $71,356 over the activity.
The NBA announced agreements with Kalshi and Polymarket, making them the league's 'Preferred Prediction Market Exchanges.'
The agreements will enable the NBA to establish a comprehensive framework for NBA-related prediction markets, including integrity protections such as limitations on permissible markets and prohibitions on trading by league and team personnel.
Kalshi is expanding its prediction markets to all eligible US users through Phantom’s mobile app, allowing users to discover and trade event contracts without switching to a separate app.
What this adds
Kalshi’s cricket prediction markets are part of a broader expansion into sports betting, with the NBA partnering with Kalshi to enhance fan engagement and set new standards for integrity and transparency.
Background
The Argentina Football Association (AFA) has announced a new partnership with prediction market platform Kalshi for the FIFA World Cup 2026.
The NBA has partnered with prediction market platforms Kalshi and Polymarket to create a comprehensive framework for NBA-related prediction markets, enhancing fan engagement and setting new standards for integrity and transparency.
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.
- Kalshi could set a period of up to 31 days and specify which markets and trades qualified.
- 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.
- Scott Kaufman-Ross, who leads the NBA's media distribution and partnerships, said, "Protecting the integrity of the game is our top priority."
What's still developing
- For interested new users, here are the details on the latest Kalshi promo code.
- Meanwhile, Front Office Sports reported Tuesday that the CFTC is reviewing incentive programs across prediction markets platforms and that Chairman Michael Selig could take some form of action as soon as this week.
- 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.
- 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 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.
- For football specifically, Kalshi is my favorite place to start for 'futures' markets like Super Bowl winner, playoff qualifiers, conference champions, division races, and season-long team outcomes.
- Before I confirmed the trade, Kalshi showed me the contract price, quantity, estimated cost, fee, and potential settlement value on the same ticket.
- I trade with the best NFL prediction market apps daily, and I'll show you how to use them and claim the top welcome offers from Kalshi, Polymarket, ProphetX, Novig, and more.