As we enter the back half of today’s college football Week 0 slate, the next game on the docket is a West Coast showdown between Hawai’i and Stanford. Predicting the game adds a fun element to your viewing experience, and new customers can get in the action with the Kalshi referral code MLIVE. The industry-leading prediction market shells out a $25 bonus when you trade $25 on any market.
NOTE: Michigan customers cannot trade on Kalshi’s sports markets.
Kalshi referral code MLIVE key facts
| 🎁 Kalshi referral code | MLIVE |
|---|---|
| 💰 Kalshi welcome bonus | Trade $25, get a $25 bonus |
| ✍️ Terms and conditions | — Create an account and trade $25 within 30 days to activate the promo. — Bonuses are non-withdrawable and expire seven days after issuance. — Must be 18 or older and a new customer to claim the Kalshi sign-up bonus. — Kalshi is not available in AZ, IL, MA, MD, MI, MT, NJ, NV and OH. |
| ✅ Last verified | Aug. 29, 2026 |
How to activate a $25 bonus with the latest Kalshi referral code MLIVE
User experience is Kalshi’s top priority, and it starts on day one. The sign-up process is fast and simple, providing a straightforward path to the Kalshi $25 bonus. Here’s what you need to do:
- Tap any of our exclusive Kalshi bonus code banners or links.
- Choose to continue with an Apple ID, Google account or email address.
- Fill out the registration forms and add the code MLIVE when prompted.
- Use an e-wallet, online banking or another method to deposit at least $25.
- Complete $25 in trades on any Kalshi market, including college football Week 0 or a non-sports category.
- Receive a $25 bonus to take additional positions.
MORE: Is Kalshi legit? Learn about the legal framework behind the top prediction market in the U.S.
How Kalshi works for Hawai’i vs. Stanford in CFB Week 0
Prediction markets are booming in the U.S., but many Kalshi customers are new to contract trading. Luckily, the learning curve is easy to overcome. Here’s what you need to know before signing up.
Kalshi operates as a financial exchange where customers buy and sell “Yes”/“No” contracts tied to event outcomes. Unlike betting against the house with a sportsbook, Kalshi users trade against one another in regulated marketplaces.
Contract prices range from $0.01 to $0.99, and each contract returns $1 if you win. It’s easy to spot the favorites and underdogs in a market because the share price also represents the implied probability.
For example, Stanford is trading at $0.63 to beat Hawai’i, meaning the probability for a Cardinal victory is 63%. If you back Stanford to win and it happens, each contract returns a $0.37 profit. Calculating a per-contract payout is as easy as subtracting the contract price from $1.
Kalshi customers have the flexibility to sell their positions at any time. The market prices are constantly changing, so the amount you receive from a sale depends on trade activity. If the price has risen, you’ll receive a profit.
Early cash outs are available at sports betting sites, but only when the sportsbook offers it. Plus, cashing out typically comes at lower than market value when compared to the current odds.
Updated Kalshi referral codes in your region
The Kalshi new-user promo is identical in all qualifying states: trade $25 to earn a $25 bonus. However, you must apply a state-specific referral code while signing up. Locate your state below and enter the corresponding code during registration.
| Kalshi referral code | Verified states | Trading bonus |
|---|---|---|
| ALCOM | CA, TX, NY, OK, NM, GA, SC, AL, AR, MS, NC, VA, TN, LA, KY, WA, OR, UT, ID, AK, HI, WY, CO, WI, MN, NE | $25 |
| PENNLIVE | NY, PA, WV, VT | $25 |
| MLIVE | FL, ND, SD, IN, MO, KS | $25 |
NOTE: Must be 18 years or older and have a legal U.S. residential address within the applicable state, D.C., or U.S. territories. Not available in AZ, IL, MA, MD, MI, MT, NJ, NV and OH.
Polymarket referral code MLIVE: An alternative to Kalshi
New prediction platforms are launching every week, but none match Kalshi’s quality. Polymarket is the only site that stacks up with Kalshi’s app speed, trading features and market depth.
Holding active accounts with both prediction markets allows you to find the best value by comparing contract prices. A $20 bonus is available for first-time users who claim the Polymarket referral code MLIVE and deposit $10. The bonus payout is higher at Kalshi, but so is the barrier to entry.
Why the Kalshi referral code MLIVE is a go-to option tonight
Some sports bettors are reluctant to make the transition to event-contract trading. It takes time to learn the ins and outs with Kalshi, but trading sports outcomes is a refreshing way to enjoy your favorite teams, leagues and players.
Kalshi is an especially strong choice for college football fans. The site carries tons of trading options for every FBS game, and futures markets on the national championship, Heisman Trophy winner, stats leaders and more.
Users can also access unique markets that aren’t available with a sportsbook. You can predict which team will earn the top spot in the AP poll each week or take a position on which campus College GameDay will visit.
If you’re ever looking to spice up your normal trading routine, check out Kalshi’s extensive list of non-sports topics. The options include politics, elections, pop culture, finance, crypto and more.
NOTE: Event contract trading involves risk of substantial loss and is not suitable for all investors. Prediction market content is not intended for individuals in jurisdictions where they are prohibited.
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