Robinhood in talks with Crypto.com over prediction markets: WSJ
Robinhood is reportedly in talks with Crypto.com to expand its prediction markets product by offering yes-or-no event contracts supplied by the exchange. Robinhood launched its prediction markets hub in March 2025, first using Kalshi to meet CFTC requirements, and later adding ForecastEx and Rotella. The reported discussions come shortly after Bernstein raised its Robinhood price target to $160 from $130, citing growth potential in prediction markets and tokenized equities. Bernstein estimates prediction markets revenue could reach $1.7 billion by 2028 and possible trading volumes could hit $1 trillion by 2030. The sector still faces major U.S. regulatory disputes, with the CFTC asserting exclusive jurisdiction while state gaming regulators seek to block or limit these offerings.
