Kalshi Promo Code DEFI – Get $10 Free for Tonight’s State of the Union

President Trump delivers his first State of the Union of his second time period tonight at 9 p.m. ET, and Kalshi has extra prediction markets open than in earlier occasions. Will he say “Discombobulator”? Will Barron Trump be in the chamber? Will the speech crack 100 minutes? There’s a contract for all of it — and over $13.2 million has already been traded throughout SOTU markets earlier than the President even reaches the stage.

New customers can nonetheless join with the Kalshi promo code DEFI earlier than tonight’s tackle and get $10 free after simply $10 in trades. This provide is lively via February 2026.

Kalshi promo code DEFI: phrases and circumstances

Detail	Terms
Promo code	DEFI
Bonus	$10 free
Requirement	Place $10 in trades
Minimum deposit	$1
Eligibility	New customers, 18+, US residents
Excluded states	AZ, IL, MD, MI, MT, NV, NJ, OH
Valid via	February 2026
Rollover	Bonus have to be rolled over as soon as earlier than withdrawal

Kalshi is a CFTC-regulated prediction market out there in all 50 states for politics, economics, and tradition markets. For a side-by-side take a look at charges throughout platforms, see our prediction market fee comparison. Looking for options? Browse our checklist of best prediction market apps.

How to assert the Kalshi promo code

• Sign up: Visit Kalshi and click on “Sign Up.” You can register with Google, Apple, or e-mail. Click on referral code. You ought to see DEFI on this subject, which confirms the bonus is activated. If not, you possibly can manually enter it.
• Verify your id: Provide your date of start, telephone quantity, and placement. Kalshi might request your SSN and a photograph ID (driver’s license or passport) with a selfie. This is normal KYC verification throughout all regulated exchanges.
• Deposit funds: In your Kalshi pockets, click on “Deposit Cash” and select a cost technique. Kalshi accepts debit playing cards, financial institution transfers, crypto, PayPal, Venmo, Google Pay, and Apple Pay. Minimum deposit to activate the bonus is $1.
• Trade $10 in contracts: Place your first trades. Once you hit $10 in buying and selling quantity, your $10 bonus is credited. SOTU markets are a pure place to begin with contracts begin as little as 8¢.

This promo is on the market to all new customers. The bonus isn’t out there in Arizona, Illinois, Maryland, Michigan, Montana, Nevada, New Jersey, and Ohio. For a full breakdown of how Kalshi works, see our Kalshi review.

What you possibly can commerce tonight

Once you’ve signed up with promo code DEFI and deposited funds, head to the Politics part on Kalshi. The SOTU markets are listed underneath the “SOTU” hub, with 4 principal classes: phrase mentions, individuals mentions, attendance, and speech period. New to prediction markets? Our information on how prediction markets work covers the fundamentals. With contracts beginning as little as 1¢, the $10 bonus provides you room to unfold throughout a number of markets.

What will Trump say throughout the State of the Union?

The phrase point out market is the largest draw at $6,537,642 in quantity, with merchants pricing dozens of particular person phrases based mostly on whether or not they’ll seem in the official transcript. “Trillion” leads the board at 93%, adopted by “Trump” at 90%, “Hockey” at 89% (a nod to the Winter Olympics), and “AI / Artificial Intelligence” at 88%. These high-probability phrases are what Kalshi merchants name “bonds” — costly to purchase, small return, however near-certain payouts.

The actual motion is in the coin-flip vary. “Fake News” is buying and selling at 52% proper now, however the time period has resolved Yes in 23 of 32 prior Trump point out markets — a 72% historic hit price, which suggests the present worth could also be undervaluing it for a proper tackle. “Ballroom” sits at 53%, “Cancer” at 49% (up 9 factors at present), and “Highest Inflation” at 48%.

These are the contracts the place just a few hours of analysis on Trump’s speech patterns can translate into an edge over the market. Use our prediction market calculator to dimension positions and evaluate anticipated worth throughout contracts.

Who will Trump point out by title?

The individuals mentions market has pulled in $1,365,459 in quantity. Biden leads at 93% — Trump has referenced his predecessor in practically each main tackle. Maduro is at 86%, monitoring with the administration’s Venezuela strain marketing campaign. Further down, Kash Patel surged 15 factors to 60% (probably tied to his FBI position), whereas Charlie Kirk dropped 16 to 55%, the largest decline in the individuals market. Putin at 55%, Bessent at 53%, and Witkoff at 51% are all real coin flips heading into tonight.

Who will attend the SOTU?

The attendance market is the deepest class at $4,852,582 in quantity throughout 46 particular person contracts. The near-locks embody Ilhan Omar, John Fetterman, Pete Hegseth, and Scott Bessent, all at 98%. Supreme Court attendance is politically charged given the latest tariffs ruling — Brett Kavanaugh is at 96% and Amy Coney Barrett at 90%, however Neil Gorsuch is a extra aggressive 64%.

The most-watched attendance commerce is Rep. Al Green (D-TX) at 64%. Green was ejected from the chamber throughout Trump’s joint session final yr for interrupting the speech. Whether he reveals up once more tonight is one of the extra attention-grabbing contracts in the attendance market. George Santos has spiked 25 factors to 58%, the largest mover in the market.

Barron Trump is at 70%, up 16 factors. The separate combo market asking whether or not all 5 Trump youngsters will attend has climbed to 71% Yes ($71,350 vol), up from 35% earlier this week — largely as a result of Ivanka’s particular person contract surged 10 factors to 95%. New customers can join with promo code DEFI and commerce attendance markets earlier than the 9 p.m. begin.

How lengthy will Trump converse?

The period market ($386,890 vol) has 9 brackets from 60 minutes to 100+. Traders are forecasting the speech lands between 95 and 100 minutes. The 90-minutes-or-above contract is at 74¢ (up 11 factors), and 95+ is at 62¢ (up 17 factors at present alone).

For context, Trump averaged 80 minutes and 20 seconds throughout his first-term State of the Union addresses, however his joint session to Congress in March 2025 ran 99 minutes and 32 seconds. The over on 90 minutes appears to be like like stable worth based mostly on that monitor file. Sign up with the Kalshi promo code DEFI to commerce period markets and get $10 free after $10 in trades.

Read the guidelines earlier than you commerce

The Kalshi promo code DEFI is on the market to new customers who’re 18 or older and reside in the United States. After signing up with the code, depositing a minimal of $1, and inserting $10 in trades, the $10 bonus credit to your account. The bonus have to be rolled over as soon as earlier than withdrawal. This provide isn’t out there in Arizona, Illinois, Maryland, Michigan, Montana, Nevada, New Jersey, and Ohio.

Before inserting any commerce, click on “View full guidelines” on the contract web page. Every Kalshi market has a guidelines abstract that defines the decision supply, expiration time, and what qualifies as a legitimate end result. For SOTU point out markets, that is particularly vital — contracts resolve in opposition to the official revealed transcript, not the stay broadcast. A phrase spoken on air may not seem in the remaining transcript, or vice versa.

FAQ

What is the Kalshi promo code for the State of the Union?

Use promo code DEFI when signing up for Kalshi to get $10 free after your first $10 in trades. This code is lively via February 2026 and works for all new customers in eligible states.

What time does the State of the Union begin?

President Trump is scheduled to deal with Congress at 9 p.m. ET on Tuesday, February 24, 2026. Kalshi’s SOTU markets will stay open for buying and selling earlier than and through the tackle, with point out markets settling after the official transcript is revealed.

How do SOTU point out markets choose Kalshi?

Kalshi resolves point out markets utilizing the official transcript of the tackle, not the stay broadcast. The particular decision supply is outlined in every market’s guidelines. Settlement sometimes happens inside hours of the transcript being revealed.

Can I commerce SOTU markets stay throughout the speech?

Yes. Kalshi helps stay buying and selling on political occasions. Prices will shift in actual time as the speech progresses. You should purchase, promote, or exit positions at any level earlier than market shut.

Odds as of Tuesday, February 24, 2026 at roughly 11:35 a.m. ET. All information sourced immediately from Kalshi. Odds are topic to alter.

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