As the azaleas bloom at Augusta National, Kalshi—the first legal prediction market in the U.S. regulated by the CFTC—is making waves with a major 2026 Masters Sweepstakes. While most golf fans are focused on Rory McIlroy’s title defense or Scottie Scheffler’s bid for a third Green Jacket, Kalshi is giving one lucky user a chance to win $10,000 cash without ever placing a trade.
Here is everything you need to know about the Kalshi no-deposit promo running throughout Masters weekend.
How to Enter: No Trades Required
Unlike some prediction market/sportsbook promos that require a "bet and get" mechanic, the Kalshi Masters Sweepstakes is a true giveaway. You don't need to deposit funds or trade any contracts to be eligible.
Sign Up: Create a new account on Kalshi (or log in to your existing one). Make sure to enter promo code ACTION when prompted.
Verify: Complete the identity verification process. As a regulated exchange, Kalshi requires this to keep the platform secure.
Click to Enter: Once verified, simply click the "Enter Giveaway" button on the promotion page.
Even though the Kalshi Masters giveaway doesn't require a deposit, you should still enter Kalshi promo code ACTION when signing up. This way, you'll qualify for the $10 trade match should you eventually make a deposit & trade at the platform.
The Prize & Selection
The stakes are simple: One winner will receive $10,000 USD, which Kalshi says is enough to pay for one's golf for the year.
The winner will be selected via a random drawing from all eligible entries after the contest closes on April 12, 2026 (Masters Sunday). Keep an eye on your inbox; the winner will be notified by email and has seven days to claim the prize before an alternate is selected.
Eligibility & Restrictions
While Kalshi is available across most of the U.S., state regulations do create some boundaries for this specific sweepstakes:
Excluded States: Residents of New York and Florida are not eligible to enter.
Age: You must be 18 years or older.
Entry Limit: Strictly one entry per account. Duplicate accounts will be disqualified.
Masters 2026: What to Watch
While you're waiting for the drawing, you can follow the action at Augusta where the leaderboard is already heating up. Rory McIlroy enters the weekend with the weight of a title defense on his shoulders, while Scottie Scheffler remains the model of consistency with six straight top-5 finishes leading into April.
Other key players to watch include:
Ludvig Åberg: The 2025 runner-up looking to go one better.
Jon Rahm: The 2023 champ who is back in form after a strong spring showing.
Sam Burns & Tyrrell Hatton: Early clubhouse leaders making a push for their first major.
Related: Masters Tournament: Top 10 Finishers Kalshi Predictions
Why Choose Kalshi?
If you decide to stick around after entering the giveaway, Kalshi offers a unique way to engage with the tournament. Instead of traditional odds, you trade "Yes" or "No" contracts on outcomes like:
Will Rory McIlroy finish in the Top 10?
Will Scottie Scheffler lead after Round 2?
Will there be a hole-in-one at the 16th?
For full terms and conditions, visit the official Kalshi rules page. No purchase necessary. Void where prohibited.
