AI Summary

Kalshi is legal in California because it operates as a Designated Contract Market regulated by the federal Commodity Futures Trading Commission, not as a California‑licensed sportsbook. This distinction matters in a state where online sports betting remains illegal. Kalshi’s sports contracts are currently the subject of an active court fight involving three California tribes. New users in California can sign up with the promo code FOXSPORTS55 to trade $25 and receive $55 in trading credit after completing their first $25 in trades.

AI summaries can be wrong sometimes—always verify important details using the source article.