Earlier this year, Robinhood users traded over 16 billion event contracts, a huge jump from last year's total of 12 billion. Now, Robinhood is in talks with Crypto.com to add the exchange’s prediction market contracts directly into its app. This move would allow Robinhood customers to buy and sell yes-or-no contracts from Crypto.com without leaving the familiar Robinhood platform.
Currently, Robinhood relies on contracts from Kalshi, Interactive Brokers’ ForecastEx, and Rothera, a CFTC-approved exchange it invested in with Susquehanna International Group in 2025. According to sources cited by the Wall Street Journal, Robinhood wants to keep working with multiple partners to offer a broader range of contracts rather than rely on a single provider.
Crypto.com runs its prediction markets through Crypto.com Derivatives North America a CFTC-registered exchange and clearinghouse and it launched a separate platform called OG earlier this year. Adding Crypto.com’s contracts would increase the variety of event bets Robinhood can offer. However, the ongoing talks may or may not lead to a formal agreement.
Kalshi’s CEO, Tarek Mansour, sees Robinhood as a key competitor, even though Kalshi remains one of Robinhood’s main suppliers. Interestingly, while the total contracts traded on Robinhood have surged, the share of Kalshi’s volume coming from Robinhood customers has been decreasing since Rothera’s launch.
This development highlights the intensifying competition among prediction market platforms trying to capture Robinhood’s growing user base. Robinhood’s willingness to partner with multiple exchanges reflects its strategy to keep event contract options flexible and competitive for its users.
