Webull is teaming up with Kalshi to bring event-based trading to its platform, starting with a limited set of contracts and expanding over time. This move comes as regulators scrutinize sports-related prediction markets, with the CFTC probing offerings from Kalshi and Cryptocom. Robinhood had briefly joined the trend but paused Super Bowl contracts at the regulator’s request. Unlike traditional betting, prediction markets rely on collective market intelligence to determine outcomes.

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