Robinhood and Crypto.com Eye Prediction Market Partnership
Rumors are circulating that Robinhood Markets and Crypto.com are in talks to partner on prediction markets, a rapidly growing corner of the financial services industry.
The potential partnership would allow Robinhood clients to trade yes-or-no event contracts offered through Crypto.com, which has been expanding its presence in the U.S. prediction market space since late 2024.
Crypto.com's event contract menu has grown rapidly ahead of major events like the Super Bowl, and it already has partnerships with other companies, including sports betting giant FanDuel.
The partnership could significantly boost Crypto.com's event contract turnover by tapping into Robinhood's massive user base, which includes over 27 million funded accounts.
Bernstein estimated that prediction markets could generate $1.7 billion in revenue for Robinhood by 2028, surpassing cryptocurrency revenue.