Kalshi is paying $150 for every new trader referred, with no cap on how much a referrer can earn. For Kalshi, coming amid record prediction-market volumes, it is a cheap, viral growth lever aimed straight at crypto-native audiences.

Kaito Studio is the campaign and distribution arm of Kaito, the crypto attention (InfoFi) platform that rewards creators for mindshare, so plugging Kalshi in turns its user-acquisition push into a rewarded, creator-driven referral engine.

The no-cap structure is the eye-catching part: it lets power referrers stack rewards without limit, a signal of how aggressively Kalshi wants to scale user acquisition as prediction markets move mainstream.