Robinhood Markets is discussing a partnership with Crypto.com to expand its presence in prediction markets. These platforms allow users to trade contracts based on real-world outcomes like economic indicators or sporting events.
The potential deal signals a strategic shift toward prediction markets as a primary revenue driver. Robinhood currently offers event contracts through a partnership with Kalshi but faces mounting competition from firms like Crypto.com.
Some analysts project that Robinhood's prediction market revenue could eventually surpass its cryptocurrency trading revenue.