Robinhood, the cryptocurrency and inventory buying and selling app, is reportedly in talks with cryptocurrency alternate Crypto.com about plans to develop its present prediction market providing.
The Wall Road Journal reported on Friday that Robinhood was in talks with Crypto.com to enter right into a yes-or-no occasion contract provided by the alternate, citing folks conversant in the matter. The corporate launched its Prediction Markets Hub in March 2025. Initially pushed by Calsi to adjust to U.S. Commodity Futures Buying and selling Fee (CFTC) regulatory necessities, it subsequently used ForecastEx and Rotella.
This reported transfer comes simply days after Bernstein analysts raised their value goal for Robinhood (HOOD) inventory from $130 to $160 per share, based mostly on prediction markets and the corporate’s outlook for tokenized shares. They predicted that Robinhood’s income utilizing prediction markets might attain $1.7 billion by 2028.
Bernstein mentioned in April that prediction market buying and selling quantity might attain $1 trillion by 2030, however many platforms face ongoing authorized challenges with state and federal authorities in the US. The CFTC claims it has “unique jurisdiction” over the businesses’ occasion contracts, whereas quite a few state gaming authorities have filed lawsuits in search of to dam or restrict the businesses’ actions.
