Robinhood to Integrate Crypto.com Prediction Contracts and Take Stake in Related Business

September 08, according to The Wall Street Journal, Robinhood Markets has agreed to add "yes/no" event contracts supported by Crypto.com's prediction business to its trading platform, and will take a minority stake in Crypto.com and its prediction market operations.

The two parties have reached a multi-year cooperation agreement, which will expand Robinhood's prediction market offerings and may position it in more direct competition with platforms such as Kalshi in this space. Crypto.com is currently preparing for an initial public offering, but has not yet announced a specific timeline.

[TechFlow]