Robinhood and Crypto.com are reportedly holding discussions about entering the prediction-markets space. The deal could put the brokerage firm in more direct competition with Kalshi, a regulated exchange for event contracts.
The talks signal growing interest in prediction markets among major financial platforms. These markets allow users to trade on outcomes of events ranging from elections to sports results.
Crypto.com, a cryptocurrency exchange, would bring its existing infrastructure and user base to the partnership. Robinhood, known for its commission-free trading app, would gain access to a new asset class.
Prediction markets have seen increased regulatory attention in the United States. The Commodity Futures Trading Commission oversees these contracts, and Kalshi operates under its supervision.
Robinhood has been expanding beyond stocks and cryptocurrencies into other financial products. A move into prediction markets aligns with its strategy to offer diverse trading options.
The talks come as retail interest in event-driven trading grows. Similar platforms have gained popularity during major political and sporting events.
Details of the potential partnership remain under negotiation. Neither company has made a public announcement confirming the discussions.
