Kalshi is providing new users with a bonus of up to $2,000 via the "AMNY" promo code. To access these funds, participants must make a minimum $10 deposit and execute $25 in cumulative trades across the exchange's various markets.

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The $2,000 incentive for new Kalshi traders

The "AMNY" promotion targets new customers looking to engage with event contracts. According to the report, users must deposit at least $10 and complete $25 in total trading volume to trigger the bonus. These funds are not restricted to a single category; they can be used across Kalshi's entire ecosystem, which includes markets for politics, crypto, climate, and culture.

The structure of this offer is designed to lower the barrier to entry for casual participants. Because the $25 trading threshold can be met through several smaller transactions rather than one large bet, the platform is positioning itself as an accessible entry point for those interested in event-based forecasting.

A peer-to-peer model regulated by the CFTC

Kalshi operates differently from traditional sportsbooks like DraftKings or FanDuel because it functions as a regulated prediction market exchange . Overseen by the Commodity Futures Trading Commission (CFTC), the platform utilizes a peer-to-peer model where event contracts are traded directly between users.

In this ecosystem, there is no "house" taking the opposite side of a user's action. This regulatory distinction is vital, as it separates Kalshi from standard gambling entities and places it within the realm of financialized event forecasting. This structure ensures that the platform remains a marketplace of participants rather than a traditional bookmaker.

NFL matchups like Ravens vs . Cowboys drive volume

High-stakes NFL matchups are currently the primary engine driving trading interest on the platform . The upcoming showdown between the Baltimore Ravens and the Dallas Cowboys has become a focal point for users looking to capitalize on their football knowledge through peer-to-peer contracts.

Other significant games, such as the Philadelphia Eagles versus the Chicago Bears, are also drawing attention. The report notes that the Eagles are managing injuries to Saquon Barkley and Dallas Goedert, while the Bears are expected to play without Caleb Williams due to a hamstring injury. These specific roster changes and game dynamics create the volatility that drives active trading on Kalshi's event markets.

Which states are actually excluded from the AMNY offer?

There is significant confusion regarding which U.S. jurisdictions can actually access these markets and the associated bonus. While the report notes Kalshi is available in over 40 states and territories, the specific list of excluded areas is inconsistent across different news sources.

The current report states that Washington, Massachusetts, Nevada, and Michigan are unavailable. However, the New York Post reports a much broader list of exclusions, including Arizona, Illinois, Maryland, Montana, and Ohio. Furthermore, the "up to $2,000" phrasing leaves a critical question unanswered:what are the specific tiers or conditions required to reach the maximum bonus amount? Without clarity on the exact payout structure, the true value of the "AMNY" code remains unverified.