Robinhood has reached an agreement with Crypto.com to add yes-or-no contracts from the crypto exchange’s prediction-market business. The brokerage will also take a stake in Crypto.com as part of the deal. The move marks Robinhood’s latest push into prediction markets, a sector that has grown rapidly in recent months.
Prediction contracts allow users to bet on the outcome of specific events, such as elections or economic data releases. Robinhood plans to list these contracts on its platform, giving its customers direct access to Crypto.com’s offering. Financial terms of the deal were not disclosed.
The partnership follows a broader trend among retail trading platforms expanding beyond traditional stocks and crypto assets. Robinhood previously introduced event-based contracts tied to major political and sporting events. The new arrangement extends that capability through a third-party provider rather than building the market infrastructure internally.
Crypto.com’s prediction business will operate as the market maker for the contracts on Robinhood. This setup allows Robinhood to offer the feature without taking on additional regulatory or operational burdens. The brokerage’s stake in Crypto.com suggests a longer-term strategic alignment between the two companies.
Regulatory scrutiny around prediction markets has intensified in the U.S. Several platforms have faced questions about whether their products constitute unlicensed gambling. Both Robinhood and Crypto.com have stated they will comply with applicable laws in each jurisdiction where the contracts are offered.
Customer demand has driven growth in this segment, particularly among younger retail investors. Robinhood’s existing user base of over 24 million funded accounts provides a large distribution channel for Crypto.com’s contracts. The deal may also help Crypto.com boost trading volume and user engagement.
Shares of Robinhood moved slightly higher following the announcement. Analysts view the deal as a low-cost way for the brokerage to test demand for a wider range of event-based products. No exact launch date has been announced, though both companies expect to roll out the feature in the coming months.
