Kalshi and Polymarket referral programs, compared honestly
Terms verified 2026-09-04 from the programs' own pages. Venues change these at will; the sources are linked.
| Kalshi | Polymarket | |
|---|---|---|
| What a referred user gets | Trading credits on completing the sign-up requirements ($25 has been the published amount). | Program-dependent; the affiliate program pays the referrer, not the user. |
| What the referrer gets | Trading credits, not cash. Credits can only be used to trade; only trading returns are withdrawable. | Cash. The partner program lists $10 per referral's first deposit, a 20% share of their perpetuals trading fees, and $0.01 per click, with revenue bounties. |
| Who can refer | Any account. | Approved affiliates; Polymarket US runs a separate approved-affiliate program by application. |
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