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Robinhood Eyes Crypto.com Partnership to Expand Prediction Markets
💡 Consider the upside potential for Robinhood (HOOD) if the Crypto.com deal materializes and prediction markets scale. The Bernstein price target implies a 23% upside from the prior target, but monitor regulatory developments—CFTC and state lawsuits could cap growth. No clear equity angle for Crypto.com (private), so focus on HOOD as the only publicly traded entity directly exposed. For side hustlers, prediction market trading could offer a new income stream, but legal risks in certain states may limit access.
Robinhood is reportedly in talks with Crypto.com to list yes-or-no event contracts, aiming to scale its prediction markets hub. The move could unlock a $1.7 billion revenue stream by 2028, according to Bernstein analysts, but faces regulatory headwinds from state and federal authorities.
Robinhood, the company behind the popular stock and crypto trading app, is reportedly discussing a partnership with crypto exchange Crypto.com to offer prediction market contracts. According to a Wall Street Journal report citing anonymous sources, the talks involve placing yes-or-no event contracts supplied by Crypto.com on Robinhood's platform. Robinhood launched its prediction markets hub in March 2025, initially using Kalshi to meet CFTC compliance, later adding ForecastEx and Rotella. The reported move comes days after Bernstein analysts raised their price target on Robinhood stock (HOOD) to $160 from $130, citing the company's prediction market and tokenized equity outlook. Bernstein predicts Robinhood could generate $1.7 billion in prediction market revenue by 2028. However, the sector faces legal battles: the CFTC claims exclusive jurisdiction over event contracts, while multiple state gaming authorities have filed lawsuits to restrict or block these products. The broader prediction market volume could reach $1 trillion by 2030, per Bernstein, but regulatory uncertainty remains a key risk.
Based on reporting from cointelegraph.
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Story playbook
A pre-built map of what to watch — stocks, ETFs, and educational next steps. Not personalized advice.
Snapshot date: July 26, 2026 at 3:38 AM EDT
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Story → money map
prediction markets and fintech
Robinhood might team up with Crypto.com to offer more betting-style prediction games on elections and news, which could make the company a lot of money. Investors care because this new feature could significantly boost Robinhood's business, though government rules might get in the way.
What changed
Robinhood entered discussions with Crypto.com to expand its prediction market event contracts.
Who wins / who loses
Robinhood stands to gain massive new revenue if successful, while traditional gaming and state regulators push back.
Time horizon
Think in terms of the next few months.
Confidence & best fit
medium confidence · Long-term investor, Active trader
Safer theme exposure (ETFs)
Baskets that own the theme without betting on one company.
Single stocks (higher risk)
Primary = closest to the story · Peers = same industry · Second-order = knock-on effects · Avoid = looks related but may be a trap
Primary
- $HOODWatch — track, don’t rush
Robinhood is the main company involved and could make much more money if this deal works out.
View $HOOD chart → · End-of-day delayed data
Options (education only)
No strikes or expiries — a framework for how traders might express the view. Options can expire worthless.
Direction: bullish · Style: Bullish defined-risk call idea · Level: intermediate
Buying options gives you the right to buy the stock later at a set price, but beginners should skip options because regulatory news can cause sudden price drops.
Income / OppHub America angle
Not a trade tip — ways to use the insight outside the market.
- Participating directly in prediction markets on platforms like Kalshi or Robinhood for potential side income, keeping local legal rules in mind.
What would break this thesis
- Severe regulatory crackdowns or lawsuits from the CFTC and state gaming boards that completely shut down prediction markets.
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Important
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