Robinhood in talks to list Crypto.com event contracts, escalating competition with Kalshi in crypto derivatives trading.
DeFi & Yields ·
Robinhood is in talks to list event contracts from Crypto.com, intensifying competition in the crypto derivatives market as the platform moves to challenge established players in US-based prediction markets. The move reflects broader momentum behind Crypto.com's entry into event contracts, where it is targeting a $1 trillion opportunity by partnering with platforms like High Roller to offer products that compete with rivals including Kalshi and Polymarket.
The negotiations underscore a competitive shift in prediction markets as major trading platforms seek to expand their derivatives offerings. Crypto.com has been building its prediction-market presence through multiple partnerships aimed at broadening access to event contracts across different user bases and geographies. Robinhood's potential listing of these contracts would give the retail-focused platform a new product category and provide Crypto.com with additional distribution channels.
The outcome of the Robinhood talks remains unclear, as does the timing and scope of any listing agreement. Regulatory considerations around event contracts in the US remain fluid, and whether these negotiations will result in a formal partnership or listing has not been confirmed.