What is the Kalshi Volume Incentive Program?
The Volume Incentive Program is a cashback rewards system that pays you based on how much you trade. The more you trade in eligible markets, the more rewards you earn. It is designed to encourage trading activity and make markets more active for everyone.
Program Dates
Program end: September 1, 2027
Note: Kalshi can end or modify the program at any time.
Eligibility
Who can participate: Most regular U.S. Kalshi members
Who cannot participate:
Kalshi affiliates and employees
Market makers with existing agreements
Introducing Brokers, Futures Commission Merchants (FCMs), and their customers
International, non-U.S. users (ineligible for rewards)
How It Works
Earning Rewards
Trade in eligible markets during active reward periods
Your trading volume is tracked throughout the period
When the period ends, you get a share of the reward pool based on your percentage of total volume
Example: $1,000 reward pool + you contributed 10% of total volume = you earn $100
Market Selection
All Kalshi markets are potentially eligible
Active reward periods are clearly marked on market pages
Each market shows current reward pools and period duration
Eligible Trades
What trades count:
Contracts priced between $0.03 and $0.97. This price range does not apply to perpetual futures
Trades executed on the central limit order book
Trades during active reward periods
What doesn't count:
Contracts below $0.03 or above $0.97, except on perpetual futures
Volume on the side a market excludes, where that market limits eligible volume to maker-side or taker-side only. Any such limit is shown on the market page
Special market maker trades
Trades outside reward periods
Reward Structure
Reward periods: Up to 31 days each
Pool distribution: Split based on proportional trading volume
Earnings cap: Maximum $0.005 per contract traded
Cap example: If you trade 1,000 contracts, your maximum reward is $5 (1,000 × $0.005), regardless of pool size or other participants activity.
Program Rules
Monitoring:
Kalshi monitors for abusive behavior and fake trading
Participant status can be revoked for violations
The Volume Incentive Program may be terminated at any time
Transparency:
Market pages show eligibility and current reward periods
Future reward periods displayed when planned
Note: Kalshi can end the program at any time. For the latest updates, visit https://kalshi.com/regulatory/notices.