Robinhood explores prediction markets expansion with Crypto.com
Robinhood is discussing a potential expansion of its prediction markets business through crypto exchange Crypto.com as the trading platform broadens its event-contract offering. The talks come as analysts point to prediction markets and tokenized equities as potential revenue drivers, even as the sector faces regulatory disputes in the U.S.
Highlights
- Robinhood is in talks with Crypto.com to list yes-or-no event contracts, following the March 2025 launch of its prediction markets hub.
- Bernstein raised its price target on Robinhood to $160 from $130, predicting prediction markets revenue could hit $1.7 billion by 2028.
- Despite bullish outlooks, U.S. CFTC jurisdiction and state-level legal challenges pose regulatory risks to the prediction markets segment.
Talks build on Robinhood's event-contract push
As reported by Cointelegraph, citing The Wall Street Journal, Robinhood is in talks with Crypto.com to list yes-or-no event contracts supplied by the exchange, citing people familiar with the matter.Robinhood launched its prediction markets hub in March 2025, initially working with Kalshi to meet U.S. Commodity Futures Trading Commission, CFTC, requirements. It later expanded the offering through ForecastEx and Rotella, adding to its efforts to build out the product category.
Revenue opportunity meets regulatory pressure
Interest in the business is growing after Bernstein analysts raised their price target on Robinhood stock to $160 from $130 a share, citing the company's outlook for prediction markets and tokenized equities. The analysts say Robinhood's revenue from prediction markets could reach $1.7 billion by 2028.Bernstein also said in April that prediction market volumes could reach $1 trillion by 2030. But platforms in the segment continue to face legal challenges in the U.S., where the CFTC says it has exclusive jurisdiction over event contracts while gaming authorities in multiple states pursue lawsuits to block or limit such activity.
The EU-U.S. Joint Financial Regulatory Forum in Brussels highlighted closer transatlantic coordination on digital finance, market structure, and cross-border policy impacts. Our earlier coverage noted that officials also reviewed digital-asset frameworks, operational resilience, AML reforms, and the role of agencies such as the CFTC in shaping oversight as new financial products expand.
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