Robinhood is holding talks with Crypto.com about carrying the exchange's event contracts in its prediction markets hub, according to The Wall Street Journal. Neither company has announced an agreement, and the report said the talks may not result in a completed deal. The strategy could add Crypto.com alongside Kalshi, ForecastEx and Rothera.
Robinhood is in talks with Crypto.com about adding the exchange's event contracts to its prediction markets hub, according to people familiar with the discussions cited by The Wall Street Journal. The proposed arrangement would let Robinhood users trade yes-or-no contracts supplied by Crypto.com. Neither company has announced an agreement, and the report said the talks may not result in a completed deal.
The discussions come as Robinhood builds a wider network of exchanges rather than relying on one source of event contracts. A company spokesperson said it will keep working with several exchanges to give customers a broad and reliable market.
Robinhood adds routes beyond Kalshi
Robinhood launched its prediction markets hub in March 2025 with contracts routed through Kalshi, a Commodity Futures Trading Commission-regulated exchange. It later added ForecastEx and began routing contracts through Rothera in June 2026, the exchange created through its venture with Susquehanna International Group.
Because Robinhood owns that venture, Rothera gives it a closer link to the exchange layer, and the company said in June that the new route lowered customer trading costs. Adding Crypto.com would create another source of contracts and could help maintain product availability when one exchange lacks a market.
Crypto.com widens its distribution
Crypto.com already offers prediction trading through Crypto.com Derivatives North America, a CFTC-regulated exchange and clearinghouse, and it launched OG Prediction Markets as a separate platform in February 2026. In June, FanDuel Predicts expanded its offering with sports, entertainment and combination contracts supplied through Crypto.com and OG Prediction Markets.
However, a planned prediction-market integration with Truth Social had not launched by July 24, The Wall Street Journal reported. A Robinhood deal would place those contracts before another large retail trading audience.
Kalshi rivalry grows as Bernstein lifts forecasts
Robinhood and Kalshi started as distribution partners, but their businesses now overlap more directly. Kalshi chief executive Tarek Mansour described Robinhood as both a partner and a competitor, adding: "We'll see who ends up with a better product."
The reported talks arrived after Bernstein raised its Robinhood share-price target to $160 from $130. The firm estimated that Robinhood's prediction-market revenue could reach about $1.7 billion by 2028, and forecast $586 million for 2026, supported by higher World Cup activity and Rothera volumes. Bernstein also expects total prediction-market trading volume to grow from about $51 billion in 2025 to $1 trillion by 2030.
Regulators remain divided on event contracts
Any expansion lands in the middle of a legal fight over who can regulate event contracts. The CFTC says federal law gives it exclusive authority over commodity derivatives traded on registered exchanges, and in 2026 the agency sued several states after officials moved against prediction-market operators.
States argue that some sports-related contracts function like gambling and should follow local licensing, age and consumer-protection rules. Wisconsin's actions included complaints against Crypto.com and Robinhood, along with Kalshi, Polymarket and Coinbase. Robinhood has not confirmed that Crypto.com contracts will appear in its app.
Source: crypto.news
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