Webull to Block Sports Contract Betting for Users in Connecticut, Nevada, Michigan and Maryland

Webull’s prediction platform is set to stop users in Connecticut, Nevada, Michigan and Maryland from placing sports contract bets, after pressure from regulators. For high-risk operators and PSPs, the point is simple: even contract-based exposure can get treated like betting when state regulators decide it looks close enough.

1. Users in the four states named by Webull — Connecticut, Nevada, Michigan and Maryland — will no longer be able to place sports contract bets on the platform.
2. The move comes after regulatory pressure, which is the only reason given in the source for the restriction.
3. The source does not say when the block takes effect, whether it applies to existing positions, or whether Webull will make any broader changes outside these four states.