Webull started operations in 2016, but it wasn’t until 2025 that it launched its prediction market through its partnership with Kalshi. Since I’d been using the platform prior to its prediction market launch, I had no issues trading event contracts.
I created this Webull review specifically for the prediction market. Here, I will walk you through my experience, explaining how the event contracts work along with the various prediction markets you can trade on. I will also touch on other aspects of the website and app, including the bonuses, premium subscription option, and payment methods. Read on to learn more.
| Support Types | E-Mail, Hotline |
|---|---|
| Deposit time | 2 – 3 days |
The Webull prediction market allows you to trade event contracts tied to real-life happenings. These contracts come in a Yes/No binary format, similar to what you’ll find in my Sleeper Markets review. You buy “Yes” shares if you think the event will happen, and “No” shares if you think otherwise.
Every event contract has prices that range from 1 to 99 cents. Prices also represent what the market believes is the possibility of that event happening. For example, if a contract is priced at 56 cents, the market believes there is a 56% chance that the event will occur. If your prediction is correct, you receive a $1 payout per contract. But if the prediction does not settle in your favor, you get $0.
It’s important to note that prediction markets, including Webull, use a peer-to-peer trading format. In other words, for every contract you buy, there’s a trader selling, and for every one you sell, there’s a trader buying.
After the initial launch, Webull rolled out just index and cryptocurrency hourly contracts. Later on, it expanded its offerings, providing markets for various categories, which I have covered in the following sections:
These take center stage at the prediction market. You will find both pre-match and live markets for a variety of leagues and sports, including football, basketball, tennis, and hockey. Webull often provides different types of markets, ranging from outright winners to totals and player props, but they all follow the Yes/No binary format.
If you’re a big fan of entertainment-related events and want to predict their outcomes, visit the “culture” section on the prediction market. There aren’t as many culture markets as there are for sports, but there’s a decent variety to select from. These are usually tied to popular TV shows, billboard rankings, awards, and celebrity gossip.
As a trader who follows political events, I spent a good amount of time exploring the related event contracts at Webull. The platform mostly covers US elections, allowing you to forecast events like the possible winner of the 2028 presidential elections and potential party nominees. There are markets for other politically related developments, such as the US relationship with other countries and the possible places the president will visit.
Webull does not have a long list of markets for climatic events, but what I found were similar to those I saw on other well-known prediction markets. Here are a few examples:
If you prefer trading on outcomes related to economic events, the prediction market has you covered. It provides markets for key outcomes like inflation rates, GDP growth, employment figures, and Federal Reserve decisions. This is similar to what I found during my Coinbase review. A few examples of these markets include:
Cryptocurrency is another top category at Webull. Most markets I found here revolved around predicting the price swings of various well-known coins, including Bitcoin, Ethereum, Solana, Dogecoin, and BNB. These price-swing predictions could be short or long-term. Here are a few examples:
There is a Webull bonus for new traders that gives $20 in fractional shares plus 30 days of Webull Premium after you deposit $500 or more. However, this offer applies to the overall trading platform, not the prediction market.
I found a few other promotions, including the following:
Similar to the welcome bonus, these other promotions apply to the broader Webull trading ecosystem, not just its prediction market. The only way to use a bonus for predictions is to sell your free stocks, meet the necessary requirements, then use the proceeds to trade event contracts.
As of the time of this Webull prediction markets review, the platform did not have a VIP or loyalty program. It only features “Webull Premium,” which I mentioned earlier. The Premium is a subscription service that unlocks more tools and benefits, including lower margin rates, higher IRA matches, and real-time market data. It costs $3.99 per month and $40 per year and is completely optional.
Webull went all out when developing its trading platform. It has a highly functional website that functions seamlessly on both desktops and mobile devices. The site features a clean, plain background, but as a trading-first platform, it prioritizes real-time quotes, watchlists, and advanced charting. As such, it might be a lot to take in at once if it’s your first time on a trading website.
On the bright side, the prediction market under “Events” is easier to navigate thanks to its user-friendly layout. Every section also loads quickly, provided you have a solid internet connection.
And that’s not all; there are dedicated apps for MacBooks, iPhones, Windows, Android, and Linux devices. To top it off, it created Wellbull Lite, a great choice if you want a simpler, more streamlined trading experience.
When I joined Webull, I could fund my account using debit cards, ACH transfers, and wire transfers. These are far fewer than the payment options I found in my DraftKings Predict review, but they are still among the most reliable in the US.
Making a deposit is generally straightforward. You can link your debit card to your brokerage account or transfer funds from your bank directly to the platform. The most important thing to keep in mind is the processing time. Debit card deposits take about 30 minutes to reflect in your account. For US domestic wire transfers, it takes about 1 business day; ACH transfers take 1 to 5 business days.
The same three methods are available for withdrawals, and cashing out is easy. However, there are fees and processing times to note when deciding your withdrawal method. I’ve provided more details in the table below:
| Payment method | Processing fees | Processing time |
| Debit cards | 1.75% | 30 minutes |
| Wire transfers | $25 for domestic transfers and $45 for international transfers | 1-2 business days for domestic wire transfers and up to 5 business days for international wire transfers |
| ACH transfers | None | 2-3 business days |
There are two primary ways to contact customer support at Webull: email and phone line. This is similar to what I found during my Moomoo review. Here are more details about each:
Both are great for reaching out. But I highly recommend using the phone line when you have an urgent query, as it connects you directly to a human agent. If you send an email, expect to get a response within 24 hours.
There is also an in-app messaging system, but this is not a standard live chat feature. Instead, it submits a ticket, and you receive a response via email.
Yes, Webull is 100% legitimate. It checks all of the right boxes. Its securities trading is offered through Webull Financial LLC, a broker-dealer registered with the Securities and Exchange Commission (SEC). Meanwhile, it provides event contracts through Webull Futures LLC, which is regulated by the Commodity Futures Trading Commission (CFTC).
Webull requires you to be at least 18 years old to register. You must also have a Social Security Number (SSN) or an Individual Taxpayer Identification Number (ITIN). KYC verification is compulsory; without it, the operator will not approve your account application. For security, it uses high-end encryption protocols and supports two-factor authentication.
My Webull rating is quite good, and it’s easy to see why from this comprehensive review. It has a decent coverage for several event categories, sticks to the standard Yes/No binary format, and offers fair contract prices. There is no dedicated welcome bonus for trading event contacts, but it offers other promotions. The variety of mobile apps and customer service phone help line are other strong points.
Webull is not without flaws. It does not have live chat, its payment methods are limited, and withdrawals can take up to five business days. However, the pros greatly outweigh the cons. Plus, Webull is regulated by the CFTC and uses encryption protocols, both of which make it a secure prediction market. If you’re interested in the platform, you can click the on-page banners to visit its official site.
You don’t need a separate account to trade event contracts at Webull. However, you have to apply for access to event contracts after your brokerage account is up and running.
To trade event contracts, you must have applied for access to the prediction market beforehand. Once the operator approves this, go to the markets section, click events, choose the category you want, then select a market. Afterward, enter the number of Yes or No contracts you want to buy and approve the transaction.
Yes, the Webull prediction market is secure. The platform is regulated by the CFTC, uses SSL encryption, and supports two-factor authentication. It also requests KYC verification before it approves your brokerage account.
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