Kalshi, a federally regulated prediction market exchange, has expanded its offerings to include cricket prediction markets, allowing users to trade on outcomes of matches worldwide. The platform operates as an event contract exchange where participants purchase shares of a specific outcome at prices between $0.01 and $0.99 per share, with winning shares paying out at $1.00 each.
Welcome Bonus Details
New users can claim a $55 trading bonus after completing $25 worth of trades within 30 days of account opening by using promo code CBSSPORTS55. The offer requires a minimum deposit of $10, identity verification, and users must be 18 or older and physically located in a state where Kalshi operates. The bonus trading credits expire after seven days and can only be used for trades on Kalshi event contracts; only profits from those trades may be withdrawn. Sports contracts are currently unavailable in Michigan, Nevada, and Washington.
How Cricket Prediction Markets Work
Kalshi offers Yes/No event contracts with clearly defined settlement rules. For example, if a trader believes India will win a T20 International against England, they can purchase shares on India to win at the current market price. If India wins, each share pays $1.00. Share prices reflect the market's implied probability and change as trading volume shifts. The platform provides a pricing equivalence guide: a $0.50 share implies a 50% probability and a 2.0x return, while a $0.10 share implies 10% probability and a 10.0x return. Users can toggle between pricing formats in the settings menu.
Featured Match: Qatar vs Denmark
As of October 26, Kalshi listed an ODI match between Qatar and Denmark scheduled for 2:45 a.m. ET on Wednesday, October 28. The market prices were $0.45 per contract for a Qatar win and $0.37 per contract for a Denmark win, with the winning team's contracts paying out at $1.00 each.
Responsible Trading Tools
Kalshi provides several responsible trading features, including trading breaks that temporarily restrict activity for one day or more, voluntary self-exclusion for user-defined periods, and personalized monthly funding caps that can be adjusted. Resources and customer support for responsible trading are accessible on the Kalshi homepage and within account settings.
Frequently Asked Questions
Kalshi confirms it offers cricket prediction markets, though some states may restrict specific markets. The platform is federally regulated and legal in the United States, but participants are responsible for complying with local laws. Trading involves substantial risk of loss and is not suitable for everyone; past performance does not guarantee future results.
