Robinhood Announces Strategic Partnership with Crypto.com to Expand Prediction Markets
Robinhood (HOOD) announced a strategic partnership with Crypto.com, expanding its event-contract offerings through OG.com, an independent derivatives exchange regulated by the CFTC. The deal includes minority equity stakes in both platforms and aims to enhance contract variety ahead of major events like U.S. football season and November midterms. Robinhood's prediction markets have become a key growth driver for the company, generating $156 million in event-contract revenue during fiscal Q2 2026. Analysts at Bernstein maintain an Outperform rating on HOOD stock with a price target of $160 and highlight potential from its blockchain business as well. The broader market consensus remains positive for Robinhood, with the mean Wall Street price target near $126 and a
Tickers: $HOOD
Topics: Crypto.com partnership HOOD stock prediction markets Robinhood