Robinhood He is reportedly in talks with crypto.com To expand predictive market footprint.
That’s according to A a report Friday (July 24), according to the Wall Street Journal (WSJ), citing sources familiar with the matter. The report noted that Robinhood has so far worked with companies like Kalshi to provide betting contracts for its prediction platform, although the companies are now more like competitors than partners.
Under this proposed partnership, Crypto.com’s prediction market business will be added to Robinhood’s business Forecasting axisIt allows users to place yes or no bets offered by the cryptocurrency company on Robinhood’s trading platform, the sources said. The report added that there are no guarantees that the two companies will reach an agreement.
PYMNTS has reached out to Robinhood and Crypto.com for comment but has not yet received a response. A Calci spokesman declined to comment.
A Robinhood spokesperson told the WSJ that the company “will continue to partner with multiple exchanges to ensure our customers have access to a diverse and resilient marketplace.”
As the report noted, Crypto.com made its debut Independent prediction markets platform OG in February, and has offered prediction markets contracts through its derivatives business since late 2024. Last year, Crypto.com announced a collaboration with President Trump’s media business to offer prediction markets live on the social media platform Truth Social, although that has not yet launched.
Meanwhile, Calci has been at the forefront of the forecasting wave in the US, seeing US$27 billion in volume for… Markets related to the World Cupfor about $1 billion for the Super Bowl.
Kalshi CEO Tariq Mansour He told the Wall Street Journal that the company plans to expand its range of tradable assets beyond just event-based contracts, and described Robinhood as a bigger competitor.
“They are our partners and at the same time competing with us, and I think that’s great too,” he said. “We’ll see who ends up with a better product.”
In other market forecast news, PYMNTS wrote last week about the industry’s contribution to a world in which… Gambling “It’s no longer just one static industry,” thanks to the emergence of companies like Calcci, sports betting apps, and cryptocurrency exchanges.
“As AI personalizes financial products, prediction markets and digital commerce, it will create new questions for executives across financial services, media and digital commerce,” this report said. “The future may not involve convincing consumers to gamble more. It may involve making every digital interaction feel uncertain enough that they can’t resist checking back.”
