App · Availability checked Oct. 22, 2026
Is Webull legal?
A brokerage app offering Kalshi event contracts through Webull Futures. Webull does not publish a state-by-state list we could confirm. Webull's prediction-markets page has an FAQ titled 'What states have Event Contract restrictions?', but its answer did not render, and no state list was found elsewhere on Webull's pages. Webull says availability may vary by jurisdiction. Connecticut officials reported in October 2026 that Webull withdrew after the state's orders.
Cite this page
Bluebook
Is Webull Legal? States, Lawsuits and Regulation, Prediction Market Laws (last updated Oct. 22, 2026), https://predictionmarketlaws.com/platforms/webull.
APA
Prediction Market Laws. (2026, October 22). Is Webull Legal? States, Lawsuits and Regulation. https://predictionmarketlaws.com/platforms/webull
Where Webull says it operates
- No restriction found 51
Source: Webull Financial LLC press release (PR Newswire, 2026-01-27), checked Oct. 22, 2026.
State enforcement naming Webull
Ohio: Cease-and-desist
The OCCC sent cease-and-desist letters to ten firms offering sports event contracts: Polymarket, Novig, Underdog, Coinbase, ProphetX, Robinhood, Gemini Titan, Webull, Plus500US and Moomoo. Recipients were told to confirm compliance in writing by October 16. Kalshi, already in litigation with the state, was not a recipient.
Source: SBC Americas
Connecticut: Cease-and-desist
DCP ordered nine platforms (including ProphetX) to stop offering sports event contracts and issued about 30 subpoenas to vendors, payment firms, app stores and media outlets.
Lawsuits naming Webull
Private civil suit 6
- Ohio Gambling Recovery LLC v. Kalshi, Inc., et al.Pending
- Kentucky Gambling Recovery LLC v. Kalshi Inc., et al.Remanded
- South Carolina Gambling Recovery LLC v. Kalshi Inc., et al.Pending
- Georgia Gambling Recovery LLC v. Kalshi Inc., et al.Pending
- Massachusetts Gambling Recovery LLC v. Kalshi Inc., et al.Pending
- Illinois Gambling Recovery LLC v. Kalshi Inc., et al.Remanded
State v. operator 1
Webull, state by state
| State | Webull | State status | Actions naming Webull |
|---|---|---|---|
| Alabama | No restriction found | No public action found | None |
| Alaska | No restriction found | No public action found | None |
| Arizona | No restriction found | In litigation | None |
| Arkansas | No restriction found | No public action found | None |
| California | No restriction found | No public action found | None |
| Colorado | No restriction found | No public action found | None |
| Connecticut | No restriction foundAfter Connecticut's 2026-09-10 cease-and-desist orders, state officials said Webull (and Gemini) had withdrawn services (reported 2026-10-05 and published 2026-10-06). DeFi Rate notes the exact date and scope were not given. This is a regulator statement, not a Webull statement. | In litigation | 2 |
| Delaware | No restriction found | No public action found | None |
| District of Columbia | No restriction found | No public action found | None |
| Florida | No restriction found | No public action found | None |
| Georgia | No restriction found | No public action found | None |
| Hawaii | No restriction found | No public action found | None |
| Idaho | No restriction found | No public action found | None |
| Illinois | No restriction found | In litigation | None |
| Indiana | No restriction found | No public action found | None |
| Iowa | No restriction found | In litigation | None |
| Kansas | No restriction found | No public action found | None |
| Kentucky | No restriction found | In litigation | None |
| Louisiana | No restriction found | No public action found | None |
| Maine | No restriction found | No public action found | None |
| Maryland | No restriction found | In litigation | None |
| Massachusetts | No restriction found | In litigation | None |
| Michigan | No restriction found | Court order in force | None |
| Minnesota | No restriction found | In litigation | None |
| Mississippi | No restriction found | No public action found | None |
| Missouri | No restriction found | In litigation | None |
| Montana | No restriction found | Enforcement, no lawsuit | None |
| Nebraska | No restriction found | No public action found | None |
| Nevada | No restriction found | Court order in force | None |
| New Hampshire | No restriction found | No public action found | None |
| New Jersey | No restriction found | In litigation | None |
| New Mexico | No restriction found | In litigation | None |
| New York | No restriction found | In litigation | None |
| North Carolina | No restriction found | Law enacted | None |
| North Dakota | No restriction found | No public action found | None |
| Ohio | No restriction foundWebull got one of the Ohio Casino Control Commission's Oct. 2, 2026 cease-and-desist letters. News 5 Cleveland listed 'WeBull Financial' among the firms contacted and reported no response at the Oct. 16 deadline. | In litigation | 1 |
| Oklahoma | No restriction found | No public action found | None |
| Oregon | No restriction found | No public action found | None |
| Pennsylvania | No restriction found | No public action found | None |
| Rhode Island | No restriction found | In litigation | None |
| South Carolina | No restriction found | No public action found | None |
| South Dakota | No restriction found | No public action found | None |
| Tennessee | No restriction found | In litigation | None |
| Texas | No restriction found | No public action found | None |
| Utah | No restriction found | In litigation | None |
| Vermont | No restriction found | No public action found | None |
| Virginia | No restriction found | No public action found | None |
| Washington | No restriction found | Court order in force | None |
| West Virginia | No restriction found | No public action found | None |
| Wisconsin | No restriction found | In litigation | None |
| Wyoming | No restriction found | No public action found | None |
Questions people ask
- Is Webull legal?
- Webull's prediction-markets page says Webull Futures LLC is a CFTC-registered futures commission merchant and NFA member, and that event contract accounts are not SIPC-protected. Webull's 2025 and 2026 releases name Kalshi, a CFTC-regulated exchange, as the source of the contracts. Those releases were issued by Webull Financial LLC, which describes itself as an SEC broker-dealer and CFTC-registered FCM. Webull does not publish a state-by-state list we could confirm. Webull's prediction-markets page has an FAQ titled 'What states have Event Contract restrictions?', but its answer did not render, and no state list was found elsewhere on Webull's pages. Webull says availability may vary by jurisdiction. Connecticut officials reported in October 2026 that Webull withdrew after the state's orders. Several states argue its sports contracts are illegal gambling, and federal appeals courts have split on whether federal law overrides them.
- In which states is Webull not available?
- Webull does not publish a list we could confirm.
- Is Webull being sued?
- 7 cases we track name Webull, including Ohio gambling-loss recovery suit against Kalshi, Robinhood and others; Kentucky v. Kalshi, Robinhood, Coinbase and Webull (enforcement suit); Kentucky gambling-loss recovery suit against Kalshi, Robinhood and others.
Sources
- Webull prediction markets page
- PR Newswire: Webull connects to Kalshi (2025-02-12)
- PR Newswire: Webull release on pro football big game prediction markets (2026-01-27)
- FX News Group: Webull adds event contracts trading (2025-02-13)
- Webull Help: Tax Document Availability
- DeFi Rate prediction market legal tracker (captured 2026-10-22)
- News 5 Cleveland (2026-10-16)
What we couldn't confirm: Webull's own state-restriction list: the FAQ answer on its prediction-markets page did not render, and no help-center article on event contracts was found. Launch date: Webull announced its Kalshi partnership on 2025-02-12, with rollout 'expected in the coming weeks'. The go-live date was not confirmed. Sports contracts were added in Q3 2025, per Webull's Q3 2025 earnings call as published by MLQ.ai. Whether Webull still routes only to Kalshi. Its current prediction-markets page names no exchange. Which Webull entity holds event-contract accounts: the current page names Webull Futures LLC, while the 2025/2026 releases came from Webull Financial LLC. Both describe FCM registration. Minimum age, identity-verification steps and tax forms for event contracts: Webull's tax help pages describe a consolidated 1099 for brokerage accounts but don't mention event contracts. Whether Webull stopped sports contracts in Ohio after the October 2026 letter. The Connecticut withdrawal comes from state officials, as reported by DeFi Rate, not from Webull.