Robinhood Markets is reportedly negotiating with Crypto.com to integrate the crypto exchange's event contracts into its prediction markets hub, according to sources cited by The Wall Street Journal. The move would allow Robinhood users to trade yes-or-no outcome contracts sourced from Crypto.com directly within the Robinhood app, without leaving the platform. This partnership, if finalized, would significantly broaden Robinhood’s network of contract providers and intensify its rivalry with existing partner Kalshi.
Currently, Robinhood’s prediction markets run on contracts from Kalshi, Interactive Brokers–owned ForecastEx, and Rothera—a CFTC-licensed exchange and clearinghouse co-founded by Robinhood and Susquehanna International Group in 2025. The addition of Crypto.com would represent a hybrid strategy rather than a complete shift to a single affiliated exchange. Robinhood stated that it plans to continue working with multiple exchanges to ensure a diverse and resilient marketplace.
The talks come at a time of explosive growth in event-driven trading. Robinhood disclosed earlier this year that over 16 billion event contracts had already traded on its platform in 2026, up from more than 12 billion throughout all of 2025. The company began routing World Cup and professional baseball contracts to Rothera in June 2026, a move that reportedly lowered trading costs and reduced its reliance on Kalshi.
Crypto.com launched its own dedicated prediction market platform, OG Prediction Markets, in February 2026, built on its CFTC-regulated derivatives arm, Crypto.com Derivatives North America. The company claims weekly trading activity in its prediction market business grew roughly 40‑fold in the six months prior to the launch. Crypto.com has also supplied event contracts to partners like Fanatics and has a planned integration with Trump Media’s Truth Social, although that product had not yet launched as of late July 2026.
The entry of Crypto.com into Robinhood’s ecosystem would place its contracts before millions of retail traders and could shift market share away from Kalshi. Analysts at Bernstein estimate Robinhood’s prediction-market revenue could hit $586 million in 2026 and grow to approximately $1.7 billion by 2028, underpinning a share-price target increase to $160. Total prediction-market volume, they project, may soar from $51 billion in 2025 to $1 trillion by 2030.
The expansion unfolds amid a fierce regulatory battle. The CFTC claims exclusive federal authority over event contracts, while several states deem sports-linked contracts akin to gambling. Wisconsin has filed complaints against multiple operators, and New York sued Coinbase and Gemini over their event products. The CFTC has countered state actions with its own lawsuits, creating a fragmented legal landscape. Any deal between Robinhood and Crypto.com would need to navigate this unsettled regulatory environment.
