Use Kalshi promo code RATE to claim a $10 bonus after your first $10 in trades on the 2026 PGA Championship. The 108th PGA Championship tees off Thursday, May 14, at Aronimink Golf Club in Newtown Square, Pennsylvania. Scottie Scheffler enters as the pre-tournament favorite for an event that will attract significant trading volume through Sunday’s final round.
2026 PGA Championship Kalshi odds
Below is the current Kalshi pricing for the favorites to win the 2026 PGA Championship.
| Player | Probability | Yes | No |
|---|---|---|---|
| Scottie Scheffler | 16% | 16¢ | 85¢ |
| Rory McIlroy | 8.7% | 8.7¢ | 91.6¢ |
| Cameron Young | 6.8% | 6.8¢ | 93.3¢ |
| Jon Rahm | 5.8% | 5.8¢ | 94.3¢ |
| Xander Schauffele | 4.8% | 4.8¢ | 95.3¢ |
| Ludvig Aberg | 4.5% | 4.5¢ | 95.6¢ |
| Bryson DeChambeau | 3.6% | 3.6¢ | 96.5¢ |
| Matt Fitzpatrick | 3.3% | 3.3¢ | 96.8¢ |
| Tommy Fleetwood | 2.9% | 2.9¢ | 97.2¢ |
| Brooks Koepka | 1.9% | 1.9¢ | 98.2¢ |
How to claim the Kalshi $10 bonus for the PGA Championship
Follow these steps, use the Kalshi promo code RATE, and you’ll be good to go.
- Download the Kalshi app or visit the website and tap Sign Up.
- Enter the requested information and invite code RATE when prompted. The code must be entered during signup and cannot be applied retroactively. New users only. One code per account.
- Complete identity verification and have a government-issued ID ready.
- Choose your preferred funding method (Debit, ACH, Wire, or Crypto) and deposit at least $1.
- Find a market, read the rules, and complete your first trade of $10 or more to unlock the $10 bonus.
Why trade the PGA Championship on Kalshi
The PGA Championship winner market has attracted $71 million in volume on Kalshi heading into the opening round, a number that’s rising rapidly. Volume will continue to flow throughout all four rounds, meaning you’ll get tight spreads and reliable fills.
As the event plays out, you can enter and exit positions as the leaderboard shifts. Pricing and probabilities are straightforward. Winning contracts pay out at $1, while losing shares expire at zero. For a smooth PGA Championship trading experience, Kalshi fits the bill.
PGA Championship favorites at Kalshi
Heading into round one on Thursday, just four entrants in the 156-player field are trading at odds of 5% or greater on Kalshi to win the 2026 PGA Championship.
Scottie Scheffler PGA Championship odds
Scottie Scheffler enters the week as the defending champion and the clear favorite, trading for 16% on Kalshi. The world No. 1 has finished inside the top five in six of his nine starts in 2026. He won last year’s PGA Championship at Quail Hollow by five shots.
Rory McIlroy PGA Championship prices
Rory McIlroy won his second consecutive Masters this season, becoming only the fourth player in history to do so. He has won the PGA Championship twice, in 2012 and 2014. McIlroy typically saves his best for majors. He is trading at 8.7% on Kalshi.
Cameron Young probabilities to win PGA Championship
Cameron Young has been a breakout story this season, winning The Players Championship and the Cadillac Championship. He also contended at the Masters before finishing T3. Young has jumped to No. 3 in the world rankings and is currently trading at 6.8% on Kalshi.
Jon Rahm prediction markets for PGA Championship
Jon Rahm is a two-time major champion and comes in with two LIV wins this season. His major form since joining LIV has been inconsistent, but he finished T8 at last year’s PGA Championship at Quail Hollow. Rahm is fourth on the Kalshi board, trading at 5.8%.
Other contenders to watch at the PGA Championship
Behind the four leaders, there’s a strong case to be made for several others in the field.
- Xander Schauffele: Won this event in 2024 and has four Top 10 finishes this season.
- Matt Fitzpatrick: Three wins in 2026, climbing from 22nd to 4th in world rankings.
- Bryson DeChambeau: Has finished in the top five in four of the last five editions.
- Tommy Fleetwood: Winner of the 2025 Tour Championship and five top 10s this season.
- Ludvig Aberg: Has finished in the Top 10 in five of his last six events.
- Brooks Koepka: Three-time event winner in 2018, 2019, and 2023.
PGA Championship markets available at Kalshi
Kalshi’s PGA Championship markets go well beyond picking the winner. All available markets will continue to reprice in response to developments and trading volume before their resolution, setting up numerous live trading opportunities. Here’s what’s available for trading.
- Outright winner: Buy yes on a player at their current price. Can hold till resolution, or trade during the event as prices shift.
- Top finishers: Trade on golfers to finish in the Top 5, 10, 20, or 40. Another way to gain exposure while reducing the variance of outright winner trades.
- Head-to-head matchups: Player vs. Player markets. priced on who finishes higher in the tournament. A clean way to express a relative view without picking a winner.
- Cut markets: Will a specific player make or miss the cut? Useful for fading players with recent form concerns, or backing dark horses that could surprise.
- Round leader: The leader after each round. Resolves quicker than the outright winner markets, but can also have significant variance.
Key considerations for the 2026 PGA Championship
Here are a few key points to consider as you get set to trade on the 2026 PGA Championship.
- Course history: The last PGA Tour event at Aronimink was the 2018 BMW Championship, won by Keegan Bradley at -20.
- Recent form: Scheffler, McIlroy, Young, and Fitzpatrick have combined for six wins in 2026. They’re also the top four in the Official World Golf Rankings.
- Previous winners: Fifteen past PGA champions are in the field. Scheffler is looking to become only the third to win it back-to-back in the stroke-play era.
- Field and course size: 156 players compete on a Par-70, 7,394-yard course over 72 holes. There’s a cut after round two, reducing the field to the top 70 scores and ties.
- Weather: Conditions at Aronimink are shaping up to be ideal: highs in the low-to-mid 60s early, warming to the mid-80s by Sunday, with minimal rain or wind in the forecast.
Last 5 PGA Championship winners
While the PGA Championship changes venues annually, a look back at recent history provides insight into scoring and the typical tightness on the leaderboard.
| Year | Winner | Score | Runner-up | Margin | Course |
|---|---|---|---|---|---|
| 2025 | Scottie Scheffler | -11 | DeChambeau / English / Riley (-6) | 5 shots | Quail Hollow |
| 2024 | Xander Schauffele | -21 | Bryson DeChambeau (-20) | 1 shot | Valhalla |
| 2023 | Brooks Koepka | -9 | Scheffler / Hovland (-7) | 2 shots | Oak Hill |
| 2022 | Justin Thomas | -5 | Will Zalatoris (-5) | Playoff | Southern Hills |
| 2021 | Phil Mickelson | -6 | Will Zalatoris (-4) | 2 shots | Kiawah Island |
Claim your $10 Kalshi bonus with promo code RATE before Thursday’s first round. Trade $10 on any market to unlock the reward.
