Robinhood Eyes Prediction Market Expansion with Crypto.com Deal

Roninhood is discussing plans to expand its prediction markets offering in collaboration with Crypto.com. The trading company launched its prediction markets hub in March 2025, initially facilitated by Kalshi to comply with regulatory requirements from the US Commodity Futures Trading Commission (CFTC).

Crypto.com would supply yes-or-no event contracts to Robinhood's platform. Bernstein analysts raised the firm's price target on HOOD stock to $160 from $130 per share, based on the company's outlook for prediction markets and tokenized equities.

The CFTC has claimed exclusive jurisdiction over the companies' event contracts, while gaming authorities in many states have filed lawsuits attempting to block or restrict their activities. Bernstein predicted Robinhood's revenue using prediction markets could reach $1.7 billion by 2028.