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Talks to Bring Contracts
Robinhood is reportedly in talks with Crypto.com to expand its prediction markets offering by placing Crypto.com’s yes-or-no event contracts on Robinhood’s US platform, according to a Wall Street Journal report cited by multiple outlets.
“Robinhood was in talks with Crypto.com to place yes-or-no event contracts”
TradingView says Robinhood launched its prediction markets hub in March 2025, initially facilitated by Kalshi to comply with regulatory requirements from the US Commodity Futures Trading Commission (CFTC), and later using ForecastEx and Rotella.
Cointelegraph similarly frames the plan as Robinhood considering a tie-up that would place yes-or-no event contracts supplied by Crypto.com, while noting that the hub was launched in March 2025.
Bernstein analysts are also central to the timing, with TradingView reporting they raised Robinhood’s price target on HOOD to $160 from $130 per share and predicted prediction-markets revenue could reach $1.7 billion by 2028.
Regulatory Fight and Metrics
Bloomingbit reports that if the talks lead to a deal, Crypto.com’s prediction-market system would be integrated into Robinhood’s platform so Robinhood users could access Crypto.com’s prediction markets directly through existing Robinhood accounts.
Bloomingbit also ties the partnership idea to scale, saying a tie-up with Robinhood would give Crypto.com access to tens of millions of retail investors, while it cites CoinGecko’s claim that global prediction markets posted $113.8 billion in notional trading volume in the second quarter.
In the same regulatory context, bloomingbit says prediction-market operators argue that event contracts are financial products overseen by the CFTC, but some U.S. states are moving to block sports-related contracts as effectively unlicensed gambling.
Crypto Briefing adds that the risk for both platforms is concentrated at the state level, where the legal exposure around sports contracts remains unresolved, and it describes how a series of adverse rulings could force product modifications or market exits in key states.
Competition, Partners, and Stakes
Casino.org says the Wall Street Journal broke the news late Friday that Crypto.com and Robinhood are discussing a deal where Crypto.com’s prediction markets would be featured on Robinhood, letting Robinhood clients access Crypto.com event contracts without having to access another app or trading account.
“meaning that the latter’s clients could access Crypto.com event contracts without having to access another app”
Casino.org also situates the potential partnership in Robinhood’s existing network, noting that Robinhood teams with ForecastEx and Rotella to bring all-or-nothing derivatives to its clients, and that its Rothera business is a partnership with market maker Susquehanna International Group.
Crypto Briefing describes the competitive stakes in revenue terms, saying the numbers suggest prediction markets are fast-growing enough that revenues begin to rival crypto trading in some quarters, and it points to Robinhood’s hub data as evidence of engagement across event categories.
TradingView adds that the CFTC has claimed “exclusive jurisdiction” over companies’ event contracts while gaming authorities in many states have filed lawsuits attempting to block or restrict their activities, underscoring why any expansion by Robinhood and Crypto.com could intensify legal pressure.
