Robinhood is reportedly in talks with Crypto.com about offering Crypto.com's prediction markets through Robinhood's platform. No agreement has been finalised, and Robinhood said it would continue working with multiple exchanges; its existing partners include Kalshi, ForecastEx and Rothera.
A deal could add another prediction-market provider to Robinhood's platform, alongside its existing exchange partners.
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Meta chief executive Mark Zuckerberg reportedly met Kalshi chief executive Tarek Mansour last year to discuss a possible acquisition. The talks remained at an early stage and ended without agreement; accounts differ on the reasons. Meta is now developing a prediction app called Arena that is not expected to use real-money wagering.
Meta is reportedly developing Arena, an app for user predictions on sports, politics, economics and entertainment, initially using points rather than real-money wagers. Mark Zuckerberg has reportedly asked staff to assess potential partnerships with Polymarket and Kalshi, but no agreement terms are known and the companies have not commented. The project remains in internal development, with a standalone launch and later integration into Meta services described as possibilities.
Charles Schwab has reportedly partnered with Cboe Global Markets to develop contracts linked to the S&P 500. An unnamed source said the all-or-nothing products could launch in the next few months, with traders taking positions on whether the index reaches a specified level on a specified date.
US prosecutors and the CFTC are investigating prediction-market trades involving military events and corporate earnings, citing The Wall Street Journal. One investigation concerns a servicemember suspected of earning over $1m on Polymarket. Charges in two cases could follow this fall, but authorities have not made final charging decisions.
Robinhood said it will send some of its football prediction contracts to OG.com’s derivatives exchange and clearinghouse, with the first contracts expected before the new US professional football season. The partnership gives Robinhood equity stakes in Crypto.com and OG.com; the companies were valued at $20bn and $5bn respectively, the report said.