Story perspectives
Robinhood Expands Prediction Markets Amid Regulatory Challenges
11/6/2025
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Story summary
- Robinhood is expanding its prediction markets to entertainment, politics, and technology, partnering with Kalshi, a CFTC-regulated exchange.
- The expansion aims to diversify Robinhood's offerings beyond traditional stocks and cryptocurrency.
- Robinhood reported nearly $1 billion in Q2 2025 prediction market trading volume.
- Crypto.com is entering the entertainment prediction market through a partnership with Hollywood.com.
- Both companies face regulatory challenges in sports betting while pursuing pop culture predictions.
