Leading mobile brokerage will launch event contracts, meeting rising demand for the asset class
Webull, a leading digital investment platform, announced that it has partnered with Kalshi, the first CFTC-regulated exchange with prediction markets. The partnership will offer users the ability to trade binary event contracts through the Webull platform.
Prediction markets are one of the fastest growing asset classes in the US today. Kalshi has recently secured its ability to launch financial brokers on the platform. To ensure investors have access to best-in-class tools, Webull has relentlessly driven innovation over recent years, continually enhancing its platform to meet shifting market demands – as seen with the increase in short-dated options volume.
This partnership will provide Webull users with a unique, CFTC-regulated product, allowing them to be more precise with risk management around intraday market movements by utilizing a cash settled short-term contract.
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“We have continually focused on equipping our customers with the best products and streamlined trading tools while evolving alongside their needs. Offering prediction markets is a key step in fulfilling that commitment and expanding opportunities for our investors to access all areas of the capital markets,” said Anthony Denier, Group President and US CEO, Webull. “Kalshi is a true market disruptor, and we look forward to building upon this partnership in the coming months.”
At the onset of this partnership, Webull users will be able to access short-term cash-settled event contracts on the platform, provided by Kalshi. Over time, the companies will look to add event contracts on a range of economic events to the platform. Kalshi and Webull will partner to provide educational content that empowers retail investors to make more informed investment decisions with this new offering. Webull plans to become a clearing member of Kashi through this partnership.
“Event contracts are the next evolution of financial markets, and we are excited to partner with Webull, a leading broker in the US, to bring this next generation investment opportunity to traders,” said Tarek Mansour, co-founder and CEO of Kalshi.
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