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Robinhood is reportedly in talks with Crypto.com about adding the exchange’s event contracts to Robinhood’s prediction markets hub, potentially expanding the brokerage’s lineup as competition in the sector intensifies.
The reported talks matter because Robinhood has been building out prediction markets beyond its original launch partner, Kalshi, while federal and state regulators continue to clash over who controls sports-linked event contracts in the U.S. No agreement has been announced, and the discussions may not lead to a completed deal.
A Robinhood spokesperson told crypto.news the company “will continue to partner with multiple exchanges” to offer customers a broad and reliable market. If a deal is completed, Robinhood users would be able to trade yes-or-no contracts supplied by Crypto.com.
Robinhood launched its prediction markets hub in March 2025 with contracts routed through Kalshi. It later added ForecastEx and began routing contracts through Rothera in June 2026, signaling a strategy of using multiple suppliers rather than relying on a single venue.
Competition is increasing as distribution partnerships evolve
Crypto.com already offers prediction trading through Crypto.com Derivatives North America, a CFTC-regulated exchange and clearinghouse.
The company launched OG Prediction Markets in February 2026 and has since expanded distribution through partners.
This past June, FanDuel Predicts also expanded its offering with contracts supplied through Crypto.com and OG Prediction Markets.
Robinhood and Kalshi have shifted from distribution partners to more direct competitors. Kalshi CEO Tarek Mansour described that dynamic bluntly, saying, “We’ll see who ends up with a better product.“
Analysts at Bernstein see a large market opportunity. The firm raised its Robinhood share-price target to $160 from $130 and estimated Robinhood’s prediction-market revenue could reach about $1.7 billion by 2028. Bernstein also forecast $586 million in Robinhood prediction-market revenue for 2026.
Regulatory fight remains unresolved
The expansion push is happening as regulators debate whether event contracts should be treated primarily as federally regulated derivatives or as gambling products subject to state law.
The CFTC says federal law gives it exclusive authority over commodity derivatives traded on registered exchanges. States, however, argue that some sports-related contracts function like gambling and should comply with local licensing, age, and consumer-protection rules.
That dispute has already produced enforcement action. Wisconsin filed complaints against Crypto.com, Robinhood, Kalshi, Polymarket, and Coinbase. New York also sued Coinbase and Gemini, alleging their event-contract products violated state gambling rules.
What comes next is less clear. Neither Robinhood nor Crypto.com has announced terms, a launch date, or which specific contracts could be added if the talks result in a deal.
