Robinhood is in talks with Crypto.com for a prediction market collaboration

According to the Wall Street Journal, Robinhood is in talks with Crypto.com to collaborate on prediction market services. If the partnership is established, the prediction market provided by Crypto.com will be integrated into Robinhood, allowing users to participate in Crypto.com's prediction market through Robinhood.

Previously, Robinhood mainly relied on partners such as Kalshi and Interactive Brokers' ForecastEx and Rothera to provide prediction market contracts. This move may lead to more direct competition between Robinhood and Kalshi.