Robinhood and Crypto.com are pushing hard into prediction markets this month, and the numbers suggest the bet is paying off. Both platforms now offer event contracts — on everything from election outcomes to sports finals — and the volume of those contracts is approaching what they see in crypto trading. The move marks a strategic turn for two of the largest retail-facing exchanges, as they chase a new revenue stream in a market that's quickly heating up.
Why now?
The timing isn't random. Prediction-market platforms like Polymarket have drawn millions of users in 2025 and 2026, and the total value locked in such markets has climbed steadily. Robinhood and Crypto.com both already have the user base, the payment rails, and the regulatory licenses to offer derivatives. Adding prediction contracts lets them capture activity that used to flow to smaller, specialized sites. The revenue from those contracts is already material enough to appear on internal dashboards, according to people familiar with the matter — though neither company has disclosed a dollar figure.
The volume shift
Contract volumes on Robinhood and Crypto.com are now rivaling their crypto spot and derivatives volumes. That's a big deal for firms that built their reputation on Bitcoin and Ethereum trading. It means a growing chunk of their users aren't just buying and selling digital assets — they're trading binary outcomes on real-world events. The shift also changes the risk profile. Prediction markets settle quickly; a crypto position can swing for hours. The exchanges have to manage that settlement risk in real time, something they've been testing for months.
What users see
On Robinhood's app, prediction contracts appear alongside stocks and crypto, with a dedicated tab. Crypto.com's interface is similar, offering contracts in its main trading view. Both platforms list major events: U.S. elections, central bank rate decisions, Super Bowl winners, even weather benchmarks. The contracts are structured as yes/no bets, with prices moving between $0 and $1. Liquidity has been solid enough that spreads are narrow, users report. But the real draw is speed — settlement happens within minutes of the official result, not days.
Both exchanges are expected to expand their slate of contracts in the coming weeks. Robinhood is reportedly working on adding more political events tied to the 2026 midterms, while Crypto.com is eyeing entertainment and tech product launches. Neither has announced a firm timeline. What's clear is that prediction markets are no longer a side experiment for these companies — they're becoming a core product line, and the crypto trading floor is having to share the spotlight.
