Neobroker Webull has announced that it has partnered with Kalshi, the first CFTC-regulated exchange with prediction markets. The partnership will offer users the ability to trade binary “event contracts” through the Webull platform.
Interestingly, Webull’s announcement comes just days after US regulators pressured its competitor Robinhood (NASDAQ:HOOD) to remove the Event Contract it listed for clients to “trade” on the winner of the National Football League’s Super Bowl championship game – one of the most heavily bet sports events annually.
However based on Webull’s announcement, it looks like the company plans to avoid offering what amounts to sports betting with its offering, and stick to economic related events. Robinhood did successfully offer an Event Contract…
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