The prediction market sector is booming. New entrants are piling in. Existing businesses are expanding. The pie is growing, and everybody wants a piece.
Robinhood is now advancing discussions with Crypto.com to add Yes-or-No event contracts directly into its app. The arrangement would let traders access Crypto.com contracts without switching platforms, expanding the selection already available through Kalshi, Interactive Brokers’ ForecastEx, and Robinhood’s affiliated Rothera exchange. People familiar with the matter said the talks remain open and may not produce a final deal, yet the timing underscores Robinhood’s push to meet rising market demand.
Robinhood has already processed more than $16 billion in event contracts in 2026, exceeding its entire 2025 total. At the same time, its share of Kalshi volume has declined since Rothera began handling a larger portion of flow. Crypto.com’s OG platform, launched in February, has seen roughly 40-fold growth in weekly activity over the following six months, offering a ready source of additional contracts. Bernstein equity research team members raised their price target on Robinhood shares to $160 from $130, projecting $1.7 billion in annual revenue from these contracts by 2028.
Robinhood Crypto.com Partnership Structure and Existing Supply Sources
Under the proposed setup, Robinhood users could trade Crypto.com event contracts inside the same Robinhood interface they already use for stocks and other assets. Robinhood currently draws contracts from Kalshi, ForecastEx, and Rothera, the CFTC-licensed exchange it supported with Susquehanna International Group. Rothera has cleared more than 3.5 billion contracts since late May, with early volume heavily concentrated in major sports events.
Adding Crypto.com would diversify the supply of contracts and lessen dependence on any single venue. Crypto.com Derivatives North America provides the regulated clearing and exchange infrastructure behind the OG platform. In addition, the move would give Robinhood greater flexibility as traders seek broader menus after recent high-volume periods.
Kalshi continues to serve as an important partner for Robinhood, yet the internal shift of some contracts to Rothera already signals a desire for more control over product mix. Consequently, a Crypto.com link would further reduce concentration while preserving existing partnerships. Robinhood has stressed that its prediction market hub, introduced in March 2025, was built to satisfy regulatory standards while giving customers more ways to act on real-world views.
Bernstein Revenue Outlook and Share Price Support
Bernstein equity research team members identified event-contract revenue as Robinhood’s strongest near-term growth driver. They estimate roughly $150 million from these contracts in the second quarter of 2026, rising from about $104 million in the first quarter. A 64% compound annual growth rate through 2028 supports the higher $160 target.
The same note suggests the second quarter could become the first period in which event contracts generate more revenue than crypto trading. Crypto volumes are expected to fall roughly 38% quarter over quarter while event-contract activity keeps climbing. Traders holding Robinhood shares have therefore treated the Crypto.com talks as further evidence that the company is positioned to deliver on those projections.
Robinhood’s public figures already confirm that more than $16 billion in contracts have traded on its platform this year. Securing another high-quality supplier would expand capacity without forcing the brokerage to create every contract internally. As a result, the discussions align with the growth path Bernstein described and provide additional narrative support for the stock.
Regulatory questions still surround the category. State challenges and CFTC oversight could affect how quickly new contracts reach users. Robinhood has managed those issues so far by partnering with multiple CFTC-registered venues, and the Crypto.com talks follow the same pattern.
Practical Advantages for Traders and Path Forward
Traders on Robinhood’s hub currently select from contracts supplied by three venues. Bringing Crypto.com into the mix would enlarge that set and lower the odds that popular events appear on only one platform. Users could then compare prices across sources without leaving the app, a convenience that often leads to increased trading activity.
The expansion would also support a wider range of specialized contracts as Crypto.com continues building its lineup. Robinhood has already shown strong demand, with volumes running well ahead of last year’s pace. Supplying more inventory simply matches that existing interest. Robinhood has 27+ million funded accounts for its legacy product, leading to an immense opportunity to introduce prediction market contracts.
The final outcome of these discussions will influence how quickly the company can scale its event-contract business and meet the growth expectations already attached to its shares.
References
- The Block: Robinhood in talks to add Crypto.com prediction markets as Kalshi rivalry grows: WSJ
- CoinCentral: Robinhood in Talks With Crypto.com to Add Prediction Market Contracts to Its App
- Blockhead: Robinhood in Talks to Add Crypto.com’s Prediction Markets
- The Block: Bernstein lifts Robinhood target to $160, sees prediction markets revenue overtaking crypto
- CryptoNews: Robinhood in talks with Crypto.com over prediction markets: WSJ
- X post by BTC News Global on Robinhood-Crypto.com talks
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