All About Event Contracts

What is an Event Contract?

Under the rules of the Commodity Futures Trading Commission (CFTC), Event Contracts are classified as a type of swap because they consist of arrangements where two parties agree to exchange a contract for a future event. Each contract that you own will pay out $1 if that contract resolves in your favor. It will payout $0 if not.

How do I open an account?

You must have an Individual Cash or Individual Margin Omnibus account to create an Event Contract account​. At this time, you can only apply for an Event Contract account through the Webull Mobile App.

Do I need a separate Event Contract account?

Webull clients may apply to trade Event Contracts and will get a separate Event account number for their statement documents. However, their buying power to trade Event Contracts will be shared with the associated brokerage account and moved automatically when needed. If clients also have an existing Kalshi account, please notify the Webull Event Contract team and the Kalshi team at rule33@kalshi.com.

How do I fund the account?

You will need to deposit funds into the individual brokerage account, once the funds conclude the clearing period, they will be available in Event Buying Power. For wire deposits into the brokerage account, please allow one business day after the funds have posted. For ACH deposits, a waiting period of five business days is required. Lastly, for debit card deposits, please wait two business days.

How do I withdraw from the account?

Proceeds from your resolved Event Contracts will be available for withdrawal on the same day. If your contract reaches expiration and resolves in your favor, you may withdraw the payout. If you sell a contract for more than your purchase price, you may also withdraw the resulting proceeds.

What is Kalshi?

Webull has partnered with Kalshi, an Event Contract exchange, which enables Webull users to trade a selection of Event Contracts directly within the Webull platform.

Are there commissions & fees associated with Event Contracts?

Yes, for each contract, the transaction fee consists of a $0.01 commission and a $0.01 exchange fee.

Do I need a minimum balance to trade Event Contracts with Webull?

With Webull, you are not required to maintain a minimum balance to trade Event Contracts. The requirement is to have sufficient settled funds in your brokerage account to cover the price of the Event Contract and any related transaction fees. If your account has the necessary funds, you are free to trade as often as you wish.

Is there interest earned on the available cash or open positions?

Should your Event Trade account be linked to an omnibus cash account that participates in cash management, you will accrue interest on any idle funds.

How are Event Contracts taxed?

Webull will report transaction details to the appropriate tax authorities as required, using necessary tax forms such as Form 1099 or any other relevant documents. It is important to note that Webull does not provide tax advice. For specific tax-related questions, consulting with a tax professional is recommended.

If I am a market professional, can I trade Event Contracts?

You should consult with your compliance officer to ensure you are able to. You can also contact us at futures@webull.com for additional information.