Robinhood eyeing Crypto.com partnership to juice their prediction markets play.
The angle: bolt on Crypto.com's event contracts to scale faster. Robinhood's clearly betting big that prediction markets become a cash cow—Bernstein's throwing out a $1.7B annual revenue target by 2028.
Prediction markets are heating up. If this closes, Robinhood gets distribution + liquidity, Crypto.com gets exposure. Win-win if execution doesn't fumble.
Watch this space. Prediction market narratives could run hard if regulatory winds stay favorable.
The angle: bolt on Crypto.com's event contracts to scale faster. Robinhood's clearly betting big that prediction markets become a cash cow—Bernstein's throwing out a $1.7B annual revenue target by 2028.
Prediction markets are heating up. If this closes, Robinhood gets distribution + liquidity, Crypto.com gets exposure. Win-win if execution doesn't fumble.
Watch this space. Prediction market narratives could run hard if regulatory winds stay favorable.