A major US brokerage offering CFTC-regulated Kalshi prediction-market event contracts, not a traditional gambling operator
Visit Webull →Pros
- Genuinely CFTC-regulated product (Kalshi's Designated Contract Market)
- Distributed by a major, established US brokerage, not an anonymous offshore operator
- Same prices and liquidity as trading directly on Kalshi
Cons
- No traditional welcome bonus specific to event contracts
- CFTC has separately flagged insider-trading risk across prediction markets as a product category (not specific to Webull's conduct)
Our verdict
Webull is not a traditional online betting operator - it is a major, publicly known US stock and options brokerage that has partnered with Kalshi to offer 'event contracts' (binary prediction-market instruments) directly within its trading app, nationally across the US. Webull's event-contract feature routes orders through Kalshi's own CFTC-regulated Designated Contract Market, with identical prices and liquidity to trading directly on Kalshi - Webull acts purely as a distribution partner rather than operating its own separate gambling product. Kalshi itself was the first CFTC-regulated exchange to offer prediction markets, having secured CFTC approval in November 2020, though the CFTC has separately issued a February 2026 advisory addressing insider-trading risk across prediction markets generally - a regulatory consideration for the product category, not a finding specific to Webull's own conduct. No traditional welcome bonus exists for event contracts specifically, though Webull's core brokerage product separately offers its own well-known reusable free-stock signup promotions. A genuinely regulated, well-established product distributed through a major US brokerage - a materially different and stronger trust position than the offshore gambling brands covered elsewhere in this project.
How we rated it
Trust & licensing (27%)9.5
A genuinely major, established US brokerage distributing a CFTC-regulated product (Kalshi's event contracts) - a materially stronger, more transparent regulatory position than any offshore gambling brand covered elsewhere in this project. Kalshi itself was the first CFTC-approved prediction-market exchange (November 2020).
Event Contracts (36%)8.5
A genuinely regulated prediction-market product routed through Kalshi's own CFTC-regulated Designated Contract Market - the same prices and liquidity as trading directly on Kalshi, distributed via a major, established brokerage app.
Customer support (18%)8
Backed by a major, established brokerage's customer-service infrastructure, materially different from an anonymous offshore operator.
Bonuses & value (18%)6
No traditional welcome bonus applies specifically to event contracts, though Webull's core brokerage product separately offers well-known reusable free-stock signup promotions.
Welcome bonus
Quick facts
| Product | Event contracts (binary prediction markets) via Kalshi, distributed in the Webull app |
| Regulator | Kalshi is a CFTC-regulated Designated Contract Market, approved November 2020 |
| Webull's role | Distribution partner - orders route through Kalshi's own regulated exchange, same prices/liquidity |
| Regulatory note | CFTC issued a February 2026 advisory on insider-trading risk across prediction markets generally |
| Signup promotion | Reusable free-stock promotions offered on the core Webull brokerage product (separate from event contracts) |
Where Webull is licensed
Webull appears on the official register in 1 country — 1 for sports betting and 0 for casino. We only feature it in markets where it holds a licence to accept you.
North America (1)
About Webull
Webull is a major US brokerage offering CFTC-regulated Kalshi prediction-market event contracts within its app - not a traditional gambling operator. A materially stronger regulatory position (CFTC-regulated DCM) than any offshore casino/sportsbook covered elsewhere in this project.
FAQ
Is Webull's event-contract product regulated?
Yes - it routes orders through Kalshi's own CFTC-regulated Designated Contract Market, the first CFTC-approved prediction-market exchange (approved November 2020).
Is Webull a gambling operator?
No - it is a major, publicly known US stock and options brokerage that distributes Kalshi's regulated event contracts within its app; it does not run its own separate gambling product.
Does Webull offer a welcome bonus for event contracts?
No traditional bonus applies to event contracts specifically, though Webull's core brokerage product separately offers well-known reusable free-stock signup promotions.
What are event contracts?
Binary prediction-market instruments where you buy 'yes' or 'no' positions on whether a specific event will happen (e.g. economic data thresholds), each contract valued at $1.
Has the CFTC raised any concerns about prediction markets?
Yes - the CFTC issued a February 2026 advisory addressing insider-trading risk across prediction markets generally, a regulatory consideration for the product category rather than a finding specific to Webull.
