Key Takeaways
- Robinhood is exploring a partnership with Crypto.com to integrate event contracts into its prediction markets platform
- The potential integration would enable users to access Crypto.com’s yes-or-no contracts directly within Robinhood’s interface
- Robinhood’s prediction markets hub currently aggregates contracts from Kalshi, ForecastEx, and affiliated exchange Rothera
- Analysts at Bernstein increased Robinhood’s price target to $160, projecting prediction market revenues could reach $1.7 billion by 2028
- Crypto.com introduced its independent prediction market platform, OG, in February 2026
Robinhood is currently negotiating with Crypto.com to incorporate the cryptocurrency exchange’s prediction market contracts into its trading application, according to a Friday report from The Wall Street Journal, which cited sources with knowledge of the discussions.
If finalized, this partnership would enable Robinhood’s user base to access and trade binary event contracts from Crypto.com’s prediction markets operation directly through Robinhood’s interface. However, sources indicated that an agreement is not yet finalized, according to the Journal’s reporting.
Multi-Exchange Approach Takes Shape
Robinhood introduced its prediction markets hub in March 2025, partnering initially with Kalshi to satisfy US Commodity Futures Trading Commission regulatory standards. The platform subsequently expanded to include ForecastEx and Rothera as additional contract providers.
Rothera operates as a CFTC-licensed exchange and clearinghouse in which Robinhood made an investment alongside Susquehanna International Group during 2025. The potential addition of Crypto.com would demonstrate a diversified strategy ā leveraging its affiliated exchange for certain contracts while incorporating external platforms to expand market offerings.
In a statement to the Journal, Robinhood indicated its commitment to maintaining partnerships with multiple exchanges to provide customers with comprehensive marketplace access.
The platform has processed over 16 billion event contracts in 2026 to date, representing significant growth from the 12 billion contracts traded throughout the previous year.
Competitive Dynamics Intensify for Kalshi
Kalshi continues to hold a prominent position among US prediction markets operators. The platform’s World Cup-related contracts alone accounted for approximately $27 billion in trading activity.
However, Kalshi CEO Tarek Mansour acknowledged to the Journal in June that he considers Robinhood a primary competitor ā despite the ongoing partnership that supplies contracts to the brokerage platform.
Industry analysts note that Robinhood users have represented a declining portion of Kalshi’s overall trading volume following Rothera’s market entry.
Crypto.com unveiled its OG prediction market platform in February 2026. The service operates through Crypto.com Derivatives North America, which maintains CFTC registration as both an exchange and clearinghouse. According to company statements, weekly engagement metrics increased approximately 40 times during the six-month period preceding the launch.
Crypto.com has leveraged its underlying technology to enable prediction markets for additional brands, including Fanatics. A planned integration with Trump Media’s Truth Social platform remains pending.
Last month, Bernstein analysts elevated Robinhood’s price target from $130 to $160 per share. The revision reflected optimistic projections for the company’s prediction markets and tokenized equities initiatives, with estimates suggesting prediction market revenues could climb to $1.7 billion by 2028.
The prediction markets sector is experiencing heightened competition. Cboe Global Markets introduced all-or-nothing options linked to the S&P 500, which Charles Schwab intends to make available to its client base. Coinbase and DraftKings have similarly pursued regulated infrastructure to support their market ambitions.
Legal ambiguity continues to cloud the prediction markets landscape in the United States, with the CFTC asserting exclusive regulatory authority over event contracts while certain state gaming regulators have initiated legal challenges to limit these activities.
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