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Prediction markets

How Prediction Market Promotions Differ From Sportsbook Bonuses

Prediction-market credits and sportsbook bonuses are not interchangeable. Compare the reward, required activity, withdrawal rules, expiry and location limits before accepting an offer.

By VGSources Team 5 min read
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Prediction-market promotions and sportsbook bonuses can advertise similar dollar amounts but award different things under different rules. A trading credit is not automatically cash, and a sportsbook bonus bet is not necessarily a deposit match. To compare offers, look past the headline: identify the reward, the activity needed to qualify, what can be withdrawn, expiry, and where the offer is available.

What does “bonus” mean in each case?

“Bonus” is a marketing label, not a precise description of what you receive. Prediction-market promotions may award trading credits to use on event contracts. Sportsbook promotions may offer bonus bets, bonus funds, or a deposit match. The terms determine whether the award itself can be withdrawn, whether profits or winnings can be withdrawn, and what activity is required first.

For example, a bonus bet may be a stake that must be placed rather than cash you can withdraw. A trading credit may likewise be usable only to trade. Do not assume that either the advertised amount or an award described as “credits” is equivalent to cash.

Compare the terms, not just the headline amount

Read the offer’s operator terms before depositing, trading, or wagering. Check each of these details:

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  • Reward type: Is it trading credit, a bonus bet, bonus funds, a deposit match, or another award?
  • Qualification: Must you be a new user, enter a promo code, deposit a minimum amount, trade, or place a specific eligible wager? Are there market, odds, or other restrictions?
  • Withdrawals: Can you withdraw the award itself? Can you withdraw profits or winnings, and are there conditions?
  • Required activity: How much must you trade or wager before any funds or winnings become available to withdraw?
  • Expiry: When does the offer or credit expire, and does unused value disappear?
  • Location and eligibility: Which states are eligible? What age, account, and physical-location rules apply? Sports contracts may have separate restrictions.
  • Source of the terms: Is the description from the operator or a third-party roundup? Treat roundups as a lead and verify the current operator terms.

A larger advertised amount may require more qualifying activity or impose tighter withdrawal and expiry rules. Compare the full conditions rather than treating the headline value as the amount you will receive in cash.

What reported offers illustrate—and what they do not

CBS Sports’ roundup, marked “Last verified October 3, 2026,” listed these offer structures. They are a dated secondary-source snapshot, not a guarantee that an offer remains available, that a reader qualifies, or that the listed description contains every applicable condition.

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Offer described by CBS Sports Reported qualification Reported award
Kalshi Trade $25 $55 in bonus trading credits
Polymarket US Deposit $10 or more $25 in trading credits
Underdog Deposit 50% deposit match, up to $1,000 in bonus funds
Novig Deposit $10 or more $25 in trade credits
FanDuel Predicts Trade $1 for five days Up to $100 in bonus credits

In the same roundup, CBS Sports said Kalshi credits could not be withdrawn directly, had to be used to trade, and had to be used within seven days. It described Polymarket US credits as non-withdrawable while saying profits could be withdrawn. These details belong to the offers as described in that roundup, not to every credit or every offer from those platforms. Confirm current terms with the operator before acting. CBS Sports’ prediction-market promotions roundup

FOX Sports’ affiliate-marked page separately described a Kalshi new-user offer of up to $55 in trading credit after at least $25 in event-contract trades, and said the award was not withdrawable cash and carried age, location, and other restrictions. That is another secondary offer description, not independent primary verification of the terms or a guarantee that the promotion is current. FOX Sports’ Kalshi promotion page

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These examples show why the award type matters: the reported offers include trading credits, trade credits, bonus funds, and credits earned after activity. They do not establish an average offer value or describe every platform’s promotions.

Sportsbook promotion rules depend on the jurisdiction

Sportsbook bonus rules are not one nationwide standard. Ohio provides a specific state example: Ohio Administrative Code Rule 3775-16-09, effective October 26, 2024, permits sports-gaming proprietors to offer promotions unless otherwise restricted. It requires clear, unambiguous rules covering matters such as active dates, rules of play, and the value of the prize or award; operators must make the rules available and track promotions. The rule permits play-through conditions on bonus funds, while saying patrons must not be prevented from withdrawing their own funds or winnings on wagers made using their own funds. These are Ohio requirements, not a description of every state’s rules. Ohio Administrative Code Rule 3775-16-09

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Prediction-market availability and legal status can change

Do not assume prediction markets are universally exempt from state gambling restrictions. In an April 28, 2026 release, the Commodity Futures Trading Commission (CFTC) described active litigation between the Commission and states over authority concerning event contracts. The release records the CFTC’s position and describes lawsuits; it does not resolve every jurisdiction or guarantee that a platform or particular product is available in every state. Check current state restrictions and the operator’s location rules for the specific contract. CFTC release on litigation over prediction-market jurisdiction

Do not mistake a business rebate for a signup promotion

A CFTC filing by KalshiEX LLC dated February 7, 2026 describes a “Sportsbook Hedging Rebate Program.” It is a business-facing incentive for qualifying members who offset or hedge risks from sportsbook services—not a consumer welcome bonus. The terms restrict eligible participants and markets, require attestations, and rebate specified fees only on orders exceeding 300,000 total contracts traded for the stated hedging purpose. The filing says the program is scheduled to end no later than February 1, 2027, but may be amended or terminated earlier. KalshiEX LLC’s CFTC-filed rebate-program terms

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How to decide whether an offer is worth pursuing

  1. Find the live operator terms. Use a roundup to discover an offer, then confirm it with the operator because secondary listings can be dated or incomplete.
  2. Translate the headline into the actual award. Establish whether it is cash, trading credit, bonus funds, or a bonus bet—and whether the award itself is withdrawable.
  3. Calculate the qualifying activity. Note any required deposit, trades, wagers, eligible markets, odds, or number of days. Compare that commitment with the advertised award.
  4. Check the exit conditions. Look for rules governing withdrawal of the award, profits or winnings, and any play-through or trading requirement.
  5. Confirm timing and location. Verify expiry, age and account eligibility, state availability, and physical-location rules before participating.

Product prices and availability are accurate as of the date/time indicated and are subject to change. Any price and availability information displayed on Amazon at the time of purchase will apply.

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