Robinhood Eyes Crypto.com Prediction Contracts in Kalshi Rivalry

Robinhood Eyes a New Prediction Market Partnership

Robinhood is weighing whether to list prediction contracts offered by Crypto.com, according to reporting by Bloomingbit. The potential addition would mark another step by the retail trading platform into event-driven contracts, a fast-growing segment that has drawn millions of users looking to trade on real-world outcomes rather than traditional assets.

The talks, if they result in a deal, would give Crypto.com a distribution channel through one of the most recognized retail brokerage apps in the United States. For Robinhood, it would deepen a push into a product category dominated so far by Kalshi, the federally regulated prediction market that has been expanding aggressively since winning a legal battle to offer event contracts in the US.

What This Means for Kalshi and the Prediction Market Space

Kalshi has positioned itself as the go-to regulated venue for prediction contracts in the US, allowing users to take positions on outcomes ranging from economic data releases to political events. Robinhood entering this space more aggressively, potentially with Crypto.com contracts alongside its own offerings, adds a well-capitalized competitor with a large existing user base.

Robinhood already introduced its own prediction markets feature, giving users access to event contracts on its platform. Layering in Crypto.com contracts would expand the variety of markets available and potentially bring a crypto-native audience into the mix. Crypto.com, known primarily as a centralized exchange and payments platform, has been broadening its product suite, and prediction contracts represent a relatively new frontier for the company.

The competitive pressure on Kalshi is real. Robinhood's retail reach, combined with its no-commission model and app-first design, gives it structural advantages in attracting first-time participants to prediction markets. If users can access event contracts inside the same app they use to buy stocks and crypto, the barrier to entry drops considerably.

A Broader Trend Toward Event-Driven Trading

The interest from Robinhood and Crypto.com reflects a wider shift across financial platforms toward offering contracts tied to real-world events. Prediction markets saw a dramatic surge in visibility during the 2024 US election cycle, when platforms reported record volumes as users bet on electoral outcomes. That wave of attention appears to have translated into sustained interest rather than a one-time spike.

Regulators have had a complicated relationship with prediction markets in the US. The Commodity Futures Trading Commission spent years attempting to block event contracts before courts sided with Kalshi. That legal clarity has opened a window for more players to enter, and Robinhood seems intent on occupying as much of that space as possible.

Adding Crypto.com's contracts would also signal that prediction markets are moving beyond any single platform's proprietary inventory. A marketplace model, where one platform distributes contracts from multiple issuers, could reshape how event trading scales in the US, much like how brokerage apps aggregate stocks from multiple exchanges.

Details about which specific Crypto.com contracts Robinhood might list, or a timeline for any potential launch, were not available in the initial reporting. Both companies have not publicly confirmed the discussions. The story was originally reported by Bloomingbit.