![\"Robinhood](\"https:\/\/s3-images.ctmedia.io\/media\/article-covers\/hi-when-prediction-markets-go-wrong-who-decides-what-counts-as-the-truth.jpg\")
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While prediction market companies in the US continue to face legal battles between state and federal authorities, Robinhood is reportedly considering expanding its services.<\/p>\n
The company behind the cryptocurrency and stock trading app<\/a>, Robinhood, is reportedly discussing plans to expand its existing prediction markets offering with crypto exchange Crypto.com.<\/p>\n According to a Friday Wall Street Journal report citing people familiar with the matter, Robinhood was<\/a> in talks with Crypto.com to place yes-or-no event contracts supplied by the exchange. The trading company launched its prediction markets hub in March 2025, initially facilitated by Kalshi in order to comply with regulatory requirements from the US Commodity Futures Trading Commission (CFTC), and later using ForecastEx and Rotella. <\/p>\n The reported move came just days after Bernstein analysts raised the firm\u2019s price target on Robinhood (HOOD) stock to $160 from $130 per share, based on the company\u2019s outlook for prediction markets and tokenized equities. They predicted Robinhood\u2019s revenue using prediction markets could reach $1.7 billion by 2028.<\/p>\n Read more<\/p>\n<\/p>\n If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n If you want to read more News<\/a> articles, you can visit our General category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n\n