Robinhood Negotiates Equity Stake in Crypto.com to Enhance Prediction Markets

Robinhood is negotiating a deal with Crypto.com that would incorporate the latter’s yes-or-no event contracts into Robinhood’s prediction markets hub. This move, initially reported by The Wall Street Journal, is part of Robinhood's strategy to strengthen its position in the prediction market trading space.

The partnership would add Crypto.com to Robinhood's existing suppliers, which include Kalshi, Interactive Brokers’ ForecastEx, and Rothera, a prediction exchange launched in collaboration with Susquehanna International Group. As of mid-2026, Robinhood's prediction markets have seen over 16 billion event contracts traded, surpassing the total from 2025.

With over one million active users on its prediction markets platform, Robinhood has generated significant revenue, reporting $156 million from this segment in Q2 2026. Analysts predict that revenues from prediction markets could reach approximately $1.7 billion annually by 2028, potentially outpacing crypto-related transaction revenues.

Crypto.com has established itself in the US event contracts market with its OG platform, which has experienced rapid growth since its launch in February 2026. The equity stake in Crypto.com suggests a deeper collaboration beyond a typical vendor relationship, aligning the interests of both companies.

The competitive landscape is intensifying, as the addition of Crypto.com could challenge Kalshi's long-standing role as Robinhood's primary supplier. This shift may introduce direct competition for contract visibility and placement within Robinhood’s ecosystem.