Robinhood Expands Prediction Market Ties with Possible Crypto.com Partnership

River of investment opportunities is expanding for Robinhood Markets (HOOD), as it explores deeper ties to prediction markets through a possible partnership with Crypto.com. This development, first reported by the Wall Street Journal, may broaden HOOD's network of contract suppliers and reduce its reliance on a single venue.

Currently, HOOD routes event contracts through Kalshi, ForecastEx, and Rothera, its exchange venture with Susquehanna International Group. A Crypto.com tie-up could increase product availability, platform reliability, and bargaining power over economics and execution for HOOD.

This arrangement would also deepen competition with Kalshi, which has been overlapping with Robinhood as both companies build wider product sets and exchange capabilities. The proposed partnership may place Crypto.com's contracts before HOOD's large retail audience, potentially lifting engagement and transaction-based revenues.