Robinhood is in discussions with Crypto.com to bring the crypto exchange’s prediction market contracts into its trading app, The Wall Street Journal reported on Friday, citing people familiar with the matter.

The potential arrangement would allow Robinhood users to trade yes-or-no event contracts from Crypto.com’s prediction markets business directly inside the Robinhood app. The Journal noted that no agreement is guaranteed. Event contracts are regulated derivatives that let traders take positions on whether specified outcomes will occur, a structure that has drawn interest from brokerages and exchanges seeking new trading products beyond stocks, options and crypto.

🚨ROBINHOOD IN TALKS TO BRING PREDICTION MARKETS IN-HOUSE!

The brokerage is negotiating a deal that would let users trade ’s event contracts directly inside the Robinhood app.

Robinhood already routes prediction volume through… pic.twitter.com/ULRY0OQu4A

— Crypto Banter (@crypto_banter) July 25, 2026

Robinhood expands its prediction markets strategy

Robinhood launched its prediction markets hub in March 2025, initially working with Kalshi to meet regulatory requirements from the US Commodity Futures Trading Commission. The company later added ForecastEx and Rothera as additional sources of contracts.

Rothera is a CFTC-licensed exchange and clearinghouse. Robinhood invested in Rothera in 2025 alongside Susquehanna International Group. Adding Crypto.com would indicate a hybrid model in which Robinhood uses its affiliated exchange for some contracts while also connecting to outside platforms to broaden the range of products available to users.

Robinhood told the Journal that it plans to continue working with multiple exchanges to provide customers with access to a wide marketplace. The company said more than 16 billion event contracts have traded on its platform so far in 2026, compared with 12 billion for all of last year.

Kalshi remains a major operator

Kalshi continues to be one of the largest operators in the US prediction markets sector. Its World Cup contracts alone generated about $27 billion in trading volume.

Kalshi CEO Tarek Mansour told the Journal in June that he views Robinhood as a leading competitor, even though Kalshi continues to supply contracts to the brokerage. Analysts have said Robinhood customers have accounted for a shrinking share of Kalshi’s trading volume since Rothera launched.

Crypto.com launched its prediction market platform, OG, in February 2026. The platform is powered by Crypto.com Derivatives North America, a CFTC-registered exchange and clearinghouse. Crypto.com said weekly activity had grown roughly 40-fold in the six months before the launch.

Crypto.com has also used its infrastructure to support prediction markets for other brands, including Fanatics. Its planned integration with Trump Media’s Truth Social has not yet launched.

Bernstein analysts last month raised their price target for Robinhood to $160 per share from $130. They cited the company’s outlook for prediction markets and tokenized equities, and forecast that prediction market revenue could reach $1.7 billion by 2028.

Competition across the broader prediction markets industry is increasing. Cboe Global Markets has launched all-or-nothing options tied to the S&P 500, which Charles Schwab plans to offer to customers. Coinbase and DraftKings have also moved to secure regulated infrastructure of their own.

Prediction markets continue to face legal uncertainty in the US. The CFTC claims exclusive jurisdiction over event contracts, while some state gaming authorities have filed lawsuits seeking to restrict their activities. That jurisdictional dispute remains a key factor for platforms trying to list contracts nationally while avoiding conflicts with state gambling rules.