Robinhood, Crypto.com in Talks Over Prediction Markets
Robinhood is reportedly in talks with Crypto.com to expand prediction markets as event contract trading volume surges.
Robinhood is reportedly exploring a partnership with Crypto.com to expand its prediction markets business.
The Wall Street Journal first reported the talks, citing people familiar with the matter. The discussions center on integrating Crypto.com’s event contract products into Robinhood’s trading platform.
Users would gain access to yes-or-no contracts tied to real-world outcomes. The move signals Robinhood’s push to broaden its footprint beyond traditional stock and crypto trading.
Robinhood Expands Beyond Existing Prediction Market Partners
Robinhood already offers prediction market contracts through Kalshi.
The platform lets traders bet on outcomes like Federal Reserve rate decisions and major sporting events. Political and economic developments also draw significant trading interest on these platforms.
The company works with additional partners too.
ForecastEx, owned by Interactive Brokers, supplies contracts alongside Rothera, a venture backed by Susquehanna International Group. Adding Crypto.com would give Robinhood another major supplier in a market that keeps drawing new entrants.
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