Robinhood Pursues Crypto.com Partnership for Prediction Markets

Ridgewood's popular trading app Robinhood is exploring a partnership with Crypto.com to expand its prediction markets offerings.

The proposed deal would allow Robinhood users to trade Crypto.com's yes-or-no event contracts alongside products already offered through exchanges such as Kalshi, ForecastEx and Rothera.

This move reflects growing competition in the prediction markets sector, with companies vying to offer a broader range of trading opportunities linked to sporting events, elections, economic data and cryptocurrency prices.

Robinhood's strategy is focused on expanding beyond traditional stock and cryptocurrency trading as fintech firms compete for a larger share of digital financial services.