Robinhood Takes Minority Stakes in Crypto.com and Its Prediction-Markets Spinout
Covered by 2 sources · 2 articles
Robinhood has acquired minority stakes in Crypto.com and its prediction-markets spinout as part of a broader expansion into event contracts. The investment represents the brokerage's latest move to build out its prediction markets infrastructure, following existing commercial or equity relationships with two other event-contract platforms. The deal gives Robinhood deeper exposure to both a major crypto exchange and a dedicated prediction markets operator.
- Robinhood now holds minority positions in Crypto.com and its prediction-markets subsidiary, signaling the brokerage's commitment to the event-contract space.
- The investment is part of a pattern: Robinhood now has commercial or equity ties across three separate prediction-markets or event-contract venues.
- The arrangement pairs Robinhood's trading platform with Crypto.com's exchange infrastructure and specialized prediction-markets subsidiary.
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Robinhood to Add Crypto.com’s Prediction Markets, Takes Minority Stake in Exchange
Brokerage platform Robinhood is expanding its prediction markets business following a deal with crypto exchange Crypto.com. As part of the deal, the trading platform will also take minority stakes in the exchange and its prediction markets…
Robinhood Takes Minority Stakes in Crypto.com and Its Prediction-Markets Spinout
The brokerage now has commercial or equity ties to three separate event-contract venues.