Kraken’s 1,000 SOL Halloween sweepstakes enters its final week

One week left in a single-prize draw

Kraken used its official X account on 24 October 2026 to remind clients that one week remains in its Halloween Sweepstakes. The prize is 1,000 SOL, Solana’s native token, and it goes to a single person. Kraken’s launch post on its blog, published on 1 October, stresses that there is no runner-up pool and no split prize.

This is a prize draw, not a trading competition. The winner is not the person with the most volume; it is whichever entry is picked at random. More entries raise a participant’s chance, but Kraken does not publish how many entries exist in total, so nobody can calculate their odds in advance.

How trading entries are counted

Enrolment comes first. Kraken’s official rules say a participant must enrol through the promotion page or the prompt inside the app, and only eligible trades made after enrolling count. Volume traded earlier in October without enrolling earns nothing, so anyone who has not yet enrolled starts from zero today.

Once enrolled, every USD 1 of eligible trade volume, or its equivalent in another currency at Kraken’s internal valuation when the trade happens, earns one entry. Eligible trades are Instant Buy orders in the Kraken app and spot orders on Kraken Pro, either in the app or on the web. Kraken’s blog says this covers more than 600 assets. Entries from all three surfaces are pooled into one draw.

Several kinds of activity do not count: margin and other leveraged trades, derivatives and futures, bundles, stocks and xStocks, trades from fiat into a stablecoin or between stablecoins, and transfers, deposits, withdrawals or staking. Each participant can collect at most 1,000,000 entries across every entry method.

A free entry with no trading

The rules state that no purchase or trade is needed to enter or win. A free entry form, linked in the official rules, gives 10 entries for one submission per person during the promotion period. A Kraken account is not needed to submit it, and each free entry has the same chance of being drawn as each entry earned by trading.

In our own arithmetic, the free form is worth the same as $10 of eligible trading volume. Trading only to collect entries also carries ordinary trading fees and spreads, and the rules let Kraken disqualify wash trading, self-matching or activity done mainly to generate entries.

Who can enter and what the winner gets

The sweepstakes is open to adults living in the European Economic Area, the United States except Maine, New York, Florida and Puerto Rico, Canada except Quebec, and other jurisdictions where Kraken services are available. UK residents are excluded, even though the official rules are published under Kraken’s UK web address. Kraken employees and their households cannot take part.

The rules value the prize at about $119,870 as of 30 September 2026. The winner receives SOL, not dollars, so its value at payout may be higher or lower; the prize cannot be exchanged for cash or transferred. To receive it, the winner needs a Kraken account in good standing with at least Intermediate verification. A free-entry winner without an account gets 30 days to open one and verify it, and a Canadian winner must also answer a skill-testing maths question.

Kraken will draw the winner within five business days after the close and notify them within three business days of the draw. The winner then has 14 days to respond and complete the requested checks and tax paperwork, or Kraken may draw an alternate. Any tax on the prize is the winner’s responsibility.

The deadline in local time

Entries close at 13:59 UTC on Saturday 31 October 2026, which is 14:59 in Amsterdam after European clocks change on 25 October, and 09:59 in New York. Kraken’s systems are the official clock, so trades or free entries submitted after that minute do not count. The Kraken sign-up discount shown on this page is separate from the draw: it gives new users 20% off trading fees, and enrolling in the sweepstakes is still a distinct step.