Webull promotes college football event contracts with CFTC-registered status
Webull Futures LLC, a Futures Trading Commission-registered Futures Commission Merchant, promoted event contracts tied to college football games in Austin, Ann Arbor, and Tuscaloosa in social media posts. The offering is not available to customers in Maryland. Webull entered the prediction market space earlier this year and has been building its event-contract offerings alongside its retail brokerage business. The posts included disclaimers that event contract trading is speculative and may not suit all investors.
Webull is now the second retail brokerage to advertise CFTC-registered event contracts directly to sports fans, sharpening the contest with Kalshi and Polymarket for mainstream user attention. Its college football push targets the exact demographic that DraftKings Predictions and FanDuel sportsbooks already own, but with a derivatives wrapper that sidesteps some state gambling restrictions.
For traders, Webull's arrival means more venues competing on fees and user experience. For regulators, each new platform licensed as a Futures Commission Merchant strengthens the CFTC's argument that event contracts belong in federal derivatives markets rather than state gambling codes. The Maryland exclusion shows state-level friction remains real even for registered operators.