Where Are Webull Prediction Markets Legal? 2026 State Guide
Webull Prediction Markets Legal States 2026
Webull is one of the more established trading platforms to enter the U.S. prediction markets space, offering real-money event contracts covering sports, crypto, economics, financial markets and other real-world outcomes.
The company announced its partnership with federally regulated prediction market exchange Kalshi in February 2025, initially focusing on short-duration contracts tied to major stock indexes. It expanded into cryptocurrency price predictions in June before rolling out a much broader selection of event markets, including sports, later that year.
However, the markets available aren't identical everywhere, with state-level restrictions affecting sports and certain other event categories.
Where Are Webull Prediction Markets Available?
DraftKings Predictions is currently available in the following 47 states plus Washington, D.C.:
Alabama (AL), Alaska (AK), California (CA), Colorado (CO), Connecticut (CT), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Indiana (IN), Kansas (KS), Kentucky (KY), Louisiana (LA), Maryland (MD), Massachusetts (MA), Michigan (MI), Minnesota (MN), Mississippi (MS), Missouri (MO), Nebraska (NE), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Oklahoma (OK), Oregon (OR), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Texas (TX), Utah (UT), Virginia (VA), Vermont (VT), Wisconsin (WI), West Virginia (WV), Wyoming (WY), and Washington, D.C.
If you’re in one of these states, you can access the DraftKings Predictions app and trade real-money event contracts without running into geo-blocks.
However, the types of markets you can trade depend on your state.
What Markets Does Webull Offer?
Webull has expanded its prediction-market offering considerably since introducing its first financial event contracts in 2025. Today, its Predictions hub covers seven main categories:
- Sports: NFL, NBA, MLB and other sporting events, including game winners, championship futures and other supported outcomes.
- Crypto: Bitcoin, Ethereum and other cryptocurrency price predictions, including whether an asset will trade above or below a particular level at a specified time.
- Financials: Stock-market indexes, company announcements, IPOs and other financial outcomes.
- Economics: Federal Reserve interest-rate decisions, inflation reports, employment figures and other economic indicators.
- Culture: Entertainment awards, movies, music, television and other cultural events.
- Climate: Daily temperatures, weather conditions and other measurable climate-related outcomes.
- Science & Tech: Technology developments, product launches, scientific milestones and other innovation-related events.
The available contracts change regularly as new events are listed and existing markets settle. Some categories offer short-duration contracts that resolve within hours, while others let you take positions on outcomes weeks or months into the future.
Webull's mobile app provides access to its complete Event Contracts selection, while desktop trading currently supports a narrower range of hourly index and cryptocurrency contracts. If you're looking for sports, culture or other event markets that aren't appearing on your computer, open the Webull mobile app and head to Markets → Predictions to browse the full selection.
Which Webull Prediction Markets Are Available in My State?
Webull's prediction-market availability falls into three groups: states fill full access event, states where sports trading is excluded, and states with broader restrictions affecting multiple market categories.
The differences are particularly important for sports bettors, since Webull can offer sports event contracts in states without licensed online sportsbooks while restricting them in other states where traditional sports betting is legal.
States Where Webull Offers Sports Prediction Markets
Webull currently offers sports event contracts in 45 states plus Washington, D.C.
The complete list is:
Alabama (AL), Alaska (AK), Arizona (AZ), Arkansas (AR), California (CA), Colorado (CO), Delaware (DE), Florida (FL), Georgia (GA), Hawaii (HI), Idaho (ID), Illinois (IL), Indiana (IN), Iowa (IA), Kansas (KS), Kentucky (KY), Louisiana (LA), Maine (ME), Massachusetts (MA), Minnesota (MN), Mississippi (MS), Missouri (MO), Montana (MT), Nebraska (NE), New Hampshire (NH), New Jersey (NJ), New Mexico (NM), New York (NY), North Carolina (NC), North Dakota (ND), Ohio (OH), Oklahoma (OK), Oregon (OR), Pennsylvania (PA), Rhode Island (RI), South Carolina (SC), South Dakota (SD), Tennessee (TN), Texas (TX), Utah (UT), Vermont (VT), Virginia (VA), West Virginia (WV), Wisconsin (WI), Wyoming (WY) and Washington, D.C.
Users in these jurisdictions can trade eligible sports contracts alongside Webull's other prediction market categories.
Webull's sports offering includes contracts covering individual game results, championship winners and other outcomes across major professional and college competitions.
The footprint includes California and Texas, two of the country's largest states without legal statewide online sportsbooks. Eligible users in both states can nevertheless trade sports event contracts through Webull's federally regulated prediction market framework.
Why Webull's Sports Availability Differs by State
I've been following the growing pushback against sports prediction markets from state gambling regulators, and Webull's availability map shows just how unusual this situation has become.
Take California and Texas. Neither has licensed statewide online sportsbooks, yet both allow Webull users to access sports event contracts. Nevada, home to one of the most established sports betting industries in the country, doesn't.
The reason comes down to an increasingly heated disagreement between state gambling regulators and federally regulated prediction-market operators.
State regulators argue that contracts tied to sporting outcomes should be subject to their existing sports betting laws, regardless of whether those contracts are traded on a derivatives exchange. Prediction-market operators maintain that the federal commodities framework governs those transactions.
Some states have issued cease-and-desist orders, while others have pursued court injunctions. The result is a patchwork of restrictions that can differ considerably between platforms.
For users, the important point is that losing access to sports contracts doesn't necessarily mean losing access to prediction markets altogether. Most of these restrictions target particular types of events rather than the entire product.
Webull States With No Sports Markets
Webull currently restricts sports event contracts in three states:
Connecticut (CT), Maryland (MD) and Michigan (MI).
Users in these states can continue trading Webull's eligible non-sports prediction markets, including categories such as:
- Crypto price predictions
- Financial and economic outcomes
- Culture and entertainment events
- Climate and weather markets
- Science and technology developments
Sports contracts, including game winners, championships and other sporting outcomes, are unavailable.
Connecticut is the most recent addition to this group. Following enforcement action by state regulators, Webull instructed affected customers to close their existing sports event-contract positions by October 31, 2026.
Webull States With Restricted Event Markets
Nevada (NV) and Washington (WA) have broader restrictions that extend beyond sports event contracts.
Both states restrict multiple categories of contracts traded through Webull, although the specific limitations differ.
Nevada
Webull's prediction markets remain available in Nevada, but users cannot trade contracts involving:
- Sports
- Elections
- Entertainment
These restrictions follow legal action by the Nevada Gaming Control Board, which obtained a court injunction against Kalshi in April 2026.
Other eligible prediction markets remain available, including financial, economic, cryptocurrency, climate and technology-related contracts.
Washington
Washington has some of the broadest event-contract restrictions in the country.
Under an August 2026 state court injunction, users in Washington cannot trade contracts involving:
- Sports
- Elections and politics
- Entertainment and culture
- Technology and science
- Mentions
However, commodities, climate, economics and finance markets remain available.
Both Nevada's and Washington's restrictions apply through Kalshi, the federally regulated exchange that lists and executes Webull's event contracts.
Webull Prediction Markets by State
Webull Prediction Markets are available nationwide, although the event categories offered vary by state.
| Market Type | States Available |
|---|---|
| All Event Markets | AL, AK, AZ, AR, CA, CO, DE, FL, GA, HI, ID, IL, IN, IA, KS, KY, LA, ME, MA, MN, MS, MO, MT, NE, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WV, WI, WY, DC |
| Non-Sports Event Markets | CT, MD, MI |
| Restricted Event Markets | NV, WA |
How Do Webull Prediction Markets Work?
Webull Prediction Markets allow you to buy and sell event contracts based on whether a particular real-world outcome will happen.
Most contracts use a simple Yes/No format. If you think an event will occur, you buy Yes. If you think it won't, you buy No.
Contract prices trade between $0.01 and $0.99, with the price representing the market's implied probability of that outcome occurring. A Yes contract trading at $0.40, for example, suggests that market participants are pricing the outcome at roughly a 40% chance.
Unlike traditional sportsbook odds, these prices are determined by traders placing buy and sell orders. As new information becomes available and market expectations change, contract prices move accordingly.
If you hold a correct prediction through settlement, the contract pays $1.00. An incorrect prediction settles at $0.00. You can also sell an existing position before the event finishes, provided trading remains open and there's sufficient liquidity to complete the transaction.
Webull displays current bids, asks, trading volume and order-book information, allowing you to evaluate the available prices before submitting an order. Contracts are purchased upfront without leverage, so your potential loss is limited to the purchase price and applicable fees.
Webull Prediction Markets for a Sports Bettor
If you're coming from DraftKings or FanDuel, Webull's sports markets should be pretty easy to recognize. Game winners, championships and other familiar outcomes are all there.
But I'd pay close attention to the trading screen before putting any money down.
Webull shows you the actual bids and asks, including the depth of the order book. That's useful information if you're planning to trade a position rather than hold it until the event settles.
Say you bought a contract at 40 cents and the market's last traded price climbs to 65 cents. That looks like a nice profit. But if the highest available bid is only 59 cents, that's the price you may actually be able to sell at right now.
The other thing I'd watch is the cost of trading. Webull charges two cents per contract to open a position and another two cents if you sell it before settlement. On contracts trading for a few dozen cents, those fees can eat into your return pretty quickly.
I like that Webull shows the estimated transaction cost before you confirm an order. Use it. A decent prediction at a bad entry price, with fees on top, can still turn into a lousy trade.
Learn More About Prediction Markets
Can I Win Real Money on Webull Prediction Markets?
Yes. Webull Prediction Markets use real money, allowing users to earn cash profits from successful event contracts or by selling positions that have increased in value.
Users fund their trades through their linked Webull account. There's no separate minimum account balance required to trade event contracts, although you must have enough settled funds to cover the purchase price and applicable transaction fees.
Your potential profit depends on the price you pay for a contract and whether your selected outcome occurs.
For example, suppose you buy 10 Yes contracts at $0.40 each:
- Contract purchase: $4.00
- Opening fees: $0.20
- Total cost: $4.20
- Payout if correct: $10.00
- Net profit if correct: $5.80
If your prediction is wrong, the contracts settle at $0.00 and you lose the $4.20 spent on the trade, including fees.
You can also realize profits or losses before settlement by selling your position at the available market price. Webull charges the same $0.02 per-contract fee when closing a position early, while contracts held through settlement incur no additional settlement fee.
Why Are Webull Prediction Markets Legal?
When looking at Webull's prediction markets from a legal standpoint, there are two regulated entities worth understanding.
The first is Webull Futures LLC, which is registered with the Commodity Futures Trading Commission as a futures commission merchant and is a member of the National Futures Association. Webull provides the customer-facing trading platform and handles the account and order-routing side of the transaction.
The second is KalshiEX, the CFTC-designated contract market where Webull's event contracts are listed and traded.
This arrangement allows Webull to offer real-money event contracts under federal commodities regulation without obtaining a separate traditional sportsbook license in every state.
That's also why eligible users can trade sports contracts through Webull in places like California and Texas, where conventional statewide online sports betting remains unavailable.
However, the federal framework hasn't settled every disagreement with state gambling regulators.
Several states maintain that sports-related event contracts fall under their gambling laws, and court rulings have produced restrictions in jurisdictions including Nevada and Washington.
For consumers, the result is straightforward: Webull operates through federally regulated prediction-market infrastructure, but the particular contracts available to you can still depend on your state.
Webull Prediction Markets Legal States FAQ
Webull Prediction Markets are available in all 50 states plus Washington, D.C.
Sports event contracts are offered in 45 states plus D.C., while Connecticut, Maryland and Michigan exclude sports. Nevada and Washington have additional restrictions affecting multiple event categories.
Yes. Webull offers federally regulated event contracts through Webull Futures LLC, a CFTC-registered futures commission merchant and NFA member.
Its contracts are listed and executed on KalshiEX, a CFTC-designated exchange.
Yes. Webull Prediction Markets are available in Texas, including sports event contracts.
That gives eligible Texas users access to real-money sports prediction markets despite the state not having legal statewide online sportsbooks.
Yes. California users can access Webull's sports and non-sports prediction markets.
Webull operates through a federally regulated exchange rather than a California sportsbook license, allowing eligible users to trade sports contracts even though traditional online sportsbooks are not legal statewide.
Yes. Webull offers sports and other supported prediction markets in New York.
Eligible users can trade real-money event contracts after completing Webull's account verification and meeting its minimum age requirements.
No. Webull no longer offers sports event contracts in Connecticut.
Following state regulatory action, the platform instructed affected customers to close their sports-related positions by October 31, 2026. Non-sports prediction markets remain available.
Yes, but Michigan residents cannot trade sports event contracts through Webull.
Eligible non-sports markets covering economics, financials, crypto, climate and other supported categories remain accessible.
No. Maryland is one of the states where Webull explicitly restricts sports event contracts.
Users can still access eligible non-sports predictions involving financial, economic, cultural and other real-world events.
Yes, although sports, election and entertainment contracts are restricted.
Webull users in Nevada can continue trading eligible event contracts in other categories, including financials, economics, crypto and climate.
Webull users in Washington can trade eligible contracts covering commodities, climate, economics and finance.
Sports, elections, politics, entertainment, culture, technology, science and mentions are restricted under a court order affecting the exchange that provides Webull's event contracts.
Webull currently includes Ohio among its sports-access states.
However, the Ohio Casino Control Commission has ordered Webull and several other prediction-market operators to stop offering sports contracts. Webull has not confirmed that it has withdrawn the product from the state, and the regulatory dispute remains unresolved.
