Robinhood Eyes Crypto.com Partnership to Scale Prediction Markets: WSJ

Robinhood is reportedly in talks with Crypto.com to integrate the exchange’s yes‑no event contracts into its prediction markets hub.

Robinhood and Crypto.com Explore Prediction‑Market Collaboration

According to the Wall Street Journal, Robinhood aims to bolster its existing prediction‑market offering—originally launched in March 2025 with Kalshi and later expanded via ForecastEx and Rotella—by tapping Crypto.com’s contract suite.

■Robinhood launched its prediction‑markets hub in March 2025, initially facilitated by Kalshi, later using ForecastEx and Rotella.

■Bernstein analysts lifted Robinhood’s (HOOD) price target from $130 to $160, citing a forecast that prediction‑market revenue could reach $1.7 billion by 2028.

■Bernstein also projects global prediction‑market volumes to hit $1 trillion by 2030.

Regulatory Headwinds and Market Risks

The CFTC claims “exclusive jurisdiction” over event contracts, while state‑level gaming authorities have filed lawsuits seeking to curb or block these platforms.

Berk Arıcan: A Robinhood‑Crypto.com partnership could inject much‑needed liquidity into the prediction‑market niche, yet the fragmented U.S. regulatory landscape remains a structural headwind that may constrain token‑based upside in the long run.