Common Questions 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?

To create an Event Contract account, you must first have either an Individual Cash or Individual Margin account. You can apply for an Event Contract account on any platform by following the instructions provided here.

Do I need a separate Event Contract account?

Webull clients must 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 linked individual brokerage account. Event Contract buying power is calculated as follows:

Cash Account

• Event Contract Buying Power = Settled Cash Buying Power − Provisional Cash

Margin Account

• Event Contract Buying Power = Lesser of (Overnight Buying Power excess or Day Trading Buying Power excess) − Provisional Cash

In most cases, Settled Cash Buying Power equals Settled Cash. However, it may be lower if you have open short positions or certain options strategies, as some funds may be held as collateral.

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 from your linked brokerage account. 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?

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 linked 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 a 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.

How can I contact Webull Event Contract support?

You can contact the Webull Event Contract team by phone at 888-816-0040 or by email at futures@webull.com.

Support Hours:

• Monday–Friday: 8:00 AM – 5:00 PM ET