Robinhood Eyes Crypto.com Partnership to Expand Prediction Markets
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.
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.
