Robinhood in talks to add Crypto.com prediction markets as Kalshi rivalry grows: WSJ

What happened

Robinhood is in discussions to let its customers trade yes‑or‑no contracts that are offered through Crypto.com’s derivatives platform, but no agreement has been finalized yet.

Confirmed

Global impact / market context

Adding Crypto.com’s prediction‑market contracts would broaden Robinhood’s product lineup, potentially drawing more users and increasing trading fees, while intensifying competition with rival Kalshi in the U.S. prediction‑market space.

Analyst inference

The U.S. market for crypto‑linked derivatives and prediction contracts is expanding, and firms are racing to secure partnerships that can boost user engagement and fee revenue amid heightened regulatory focus on such products.

Analyst inference

What to watch

1. Whether Robinhood and Crypto.com finalize a partnership, which would confirm the new product offering and trigger integration work. Proposed
2. Regulatory feedback on the combined offering, since prediction contracts are subject to oversight that could affect launch timing or product design. Analyst inference
3. Changes in Robinhood’s trading volume and fee income after launch, indicating how much the new contracts attract existing and new customers. Analyst inference

Evidence

• theblock.co