How to Access Event Contracts

You must apply for an Event Account first to trade event contracts. You can navigate to Markets>Events and click the “Trade Prediction Markets” button. Or choose an event, select a contract to trade, and click the “Open Account” button.

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How Do Event Contracts Work

Let’s walk through a trade step-by-step:

Step 1: Buying a Contract

• Minimum Amount: Starting from $0.02. A $0.01 fee is charged by the Exchange and another $0.01 by the Firm for each contract on both opening and closing trades.
• Open a position: Select one event contract, choose “Yes” or “No” for a particular event and confirm the order submission.

Example

Consider an event based on “Will the S&P 500 be at or above 6000 today at 16:00?”. If you think the index will surpass this level, you may buy Yes contracts for the "S&P 500 >= 6000" outcome. Alternatively, you could purchase No contracts for the same event, meaning you are effectively speculating that the index will not reach 6000 points ("S&P 500 < 6000"). Both contract types reference identical underlying conditions.

• Price Determination:
  The Event Contract prices can be interpreted as probabilities. (e.g., a "$YES" contract for "S&P 500 > 6000" priced at $0.60 implies a 60% probability).

Step 2: Holding Until Expiration

• Can You Sell Early? Yes! You can sell contracts before expiration (e.g.: Buy "YES" at $0.60; sell later at $0.80 if the event seems more likely).
• Expiration: The contract closes when the event deadline passes.

Step 3: Settlement & Payout

• Payout Time: We have noted the payout time for each contract on the contract detail page. Enter the contract detail page, click “More”, and you can check the specific timeline.
• Gains/Losses: If you bought "YES" at $0.60 and the event happens, you get $1 per contract. If the event fails, you lose your initial cost ($0.60).

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Funding and Buying Power

• Funding: For Deposit, you can check this link: https://www.webull.com/help/category/44/177
• Buying Power: Event Buying Power uses your linked brokerage funds: debit cards are instant, transfers/wires next business day, ACH after 5 business days.

Key Takeaways

• Trading hours: Trading hours vary by contract type. Index event contracts are generally available from 8 AM to 4 PM EST, while Cryptocurrency event contracts are available from 8 AM to 6 PM EST. Economic event contracts typically trade from 8 AM to 11 PM EST. Sports event contracts are generally available 24hrs a day, 7 days a week.

*Trading hours are subject to maintenance windows.

• Order Type & Duration: Currently, Event Contracts can only be traded using limit orders. If executed, these orders will be filled at the specified limit price or better. You may place Day orders only.
• Supported platform: Event Contract trading is currently available on the mobile app and desktop. Please note that only Index & Crypto event contracts are available on desktop, and more will be supported on desktop in the near future.