Robinhood is in talks with Crypto.com about a potential partnership in prediction markets, according to Odaily, citing The Wall Street Journal. If the deal goes through, prediction markets offered by Crypto.com would be integrated into Robinhood, allowing Robinhood users to take part through the brokerage’s platform.
Until now, Robinhood has mainly relied on other partners for prediction market contracts, including Kalshi as well as ForecastEx and Rothera, both tied to Interactive Brokers. A deal with Crypto.com would add another provider to that lineup and could change how Robinhood positions its offering in the segment.
The report said such an arrangement could put Robinhood into more direct competition with Kalshi. No further terms of the talks were disclosed in the brief. The item did not say when the discussions began or whether an agreement is close.
Robinhood is in talks with Crypto.com on a potential prediction markets partnership, Odaily reported, citing The Wall Street Journal.
If an agreement is reached, prediction markets offered by Crypto.com would be integrated into Robinhood, letting users access Crypto.com’s markets through Robinhood.
Before this, Robinhood mainly relied on Kalshi and on ForecastEx and Rothera, both under Interactive Brokers, to provide prediction market contracts.
The Wall Street Journal said a deal could place Robinhood in more direct competition with Kalshi.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
