Volume Incentive Program
What is it?
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's designed to encourage trading activity and make markets more active for everyone.
Program Dates
Start: September 15, 2025 End: September 1, 2026
Eligibility
Who can participate: Most regular Kalshi members
Who cannot participate:
Kalshi affiliates and employees
Market makers with existing agreements
Introducing Brokers, FCMs, and their customers
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 (non-inclusive)
Trades during active reward periods
What doesn't count:
Contracts below $0.03 or above $0.97
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
Payment timing: Programs that end by 10 AM ET will be paid out the same day by 3pm ET, while programs ending after 10 AM ET will be paid out the following day by 3pm ET.
Cap example: If you trade 1,000 contracts, 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
Program may be terminated at any time
Transparency:
Market pages show eligibility and current reward periods
Future reward periods displayed when planned
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