A cash advance is taking physical cash out with your credit card at an ATM or bank teller. Making an online purchase (which depositing money into your Kalshi account is) is therefore not a cash advance.

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Arainach 3 hours ago | parent | next [-]

There are many kinds of "cash advance". You can't buy lottery tickets on a credit card (or in jurisdictions where you can, it's a cash advance). Credit cards also treat things such as buying dollar coins online from the US Mint different from a normal transaction.

https://gosunward.org/articles/cash-advance-on-a-credit-card...

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notpushkin 2 hours ago | parent | prev | next [-]

There is a whole lot of merchant categories that is treated like withdrawing money from an ATM. I believe the term is “quasicash”.

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jamesfinlayson 3 hours ago | parent | prev | next [-]

In Australia any sort of gambling payment on a credit card is treated as a cash advance. If you use PayPal on top of your credit card, the credit card company still manages to introspect it and apply a cash advance fee.

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YeahThisIsMe 2 hours ago | parent [-]

But these are "prediction markets", an entirely different thing that is definitely not gambling!

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ben_w 22 minutes ago | parent [-]

So they want you to believe, but I find I cannot take such claims seriously.

	▲	b112 15 minutes ago \| parent [-]
		Wanna bet?

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brador 3 hours ago | parent | prev [-]

It’s a cash advance since you’re not purchasing goods or services with the card.

	▲	weird-eye-issue 5 minutes ago \| parent \| next [-]
		Not necessarily, I mean if you buy a in-game item or currency that wouldn't be a cash advance so with this they could just say you bought $20 worth of credits and since you're buying credits that could be considered a good.
	▲	lxgr an hour ago \| parent \| prev [-]
		It’s really a cash advance whenever the issuing bank decides it is. There is no official definition.