ARIA | News

Crypto Dynamics Unleashed: Robinhood Teams Up with Kalshi for New Prediction Market Hub

by aria-crypto.com

March 17, 2025 at 17:33

Crypto Dynamics Unleashed: Robinhood Teams Up with Kalshi for New Prediction Market Hub

Robinhood and Kalshi have joined forces to launch a crypto prediction market hub initially focusing on NCAA basketball tournaments. This collaboration emerges at a time when Robinhood has been taking advantage of a favorable regulatory landscape under both Trump and Biden administrations. Recently settling past regulatory challenges, Robinhood has shifted its focus towards innovative offerings like futures trading for cryptocurrencies and now, prediction markets. With the new hub, Robinhood users can wager on various event outcomes, starting with an ambitious rollout of every March Madness game. The partnership effectively aligns Robinhood with KalshiEX LLC, a CFTC regulated exchange, indicating a smoother regulatory interaction going forward. With this strategic move, Robinhood is positioning itself as a direct competitor to Polymarket, which although popular, has faced legal scrutiny. Given the massive betting interest in NCAA tournaments, estimated at over $3 billion this season, Robinhood's foray into prediction markets could tap into significant revenue potentials. This venture represents a critical evolution for Robinhood, highlighting its adaptive strategies and potential growth in the eclectic sphere of financial and sports betting markets.

Disclaimer

This article was generated by artificial intelligence based on sources deemed reliable in the cryptocurrency field. While ARIA strives to provide accurate and up-to-date information, we make no representations or warranties of any kind, express or implied, about the completeness, accuracy, reliability, suitability, or availability of the information contained herein. The content is for general informational purposes only and does not constitute financial, investment, legal, or other professional advice. Any reliance you place on such information is strictly at your own risk. ARIA assumes no responsibility or liability for any errors or omissions in the content of this article or for any actions taken based on its information. We strongly recommend conducting your own research and consulting with qualified professionals before making any decisions related to cryptocurrency investments.

>> Canada-US Bitcoin Dynamics: Bitfarms Expands and ETFs Face Challenges

Canadian Bitcoin miner Bitfarms has successfully completed its merger, significantly enhancing its presence in the US market. This expansion marks a notable step in strengthening cross-border Bitcoin operations...

5 hours ago

>> CME and Solana Collaboration Ushers in New Era for Crypto Futures and ETF Prospects

The Chicago Mercantile Exchange (CME) has launched futures trading on Solana, marking a significant development in crypto financial products. This move could enhance liquidity and institutional credibility, pot...

5 hours ago

>> SEC Review Could Soften Stance on Crypto Regulations Amid Financial Sector Pushback

The U.S. Securities and Exchange Commission (SEC) is reassessing its stance on cryptocurrencies through a revision of custody rules that previously drew significant industry backlash. Acting Chairman Mark Uyeda...

6 hours ago

>> Police Respond to Attempted Bitcoin Heist Targeting Influencer at Home

In a shocking incident this month, four teenagers assaulted influencer Kaitlyn Siragusa, known as Amouranth, in her Texas home, attempting to steal her Bitcoin. The culprits, armed and forceful, demanded the di...

9 hours ago

>> Kentucky Lawmakers Endorse Innovative Bitcoin Legislation

Kentucky lawmakers have passed HB 701, a pioneering bill that protects and promotes self-custody and mining of Bitcoin in the state. Introduced by Representatives Adam Bowling and T.J. Roberts, the bill receive...

15 hours ago

>> EU Investigates OKX Amid Allegations of Bybit Hack Fund Laundering

Amid rising scrutiny, OKX, a prominent crypto exchange, has suspended its decentralized exchange (DEX) aggregator following allegations it facilitated laundering of $100 million from the Bybit heist. European r...

16 hours ago

>> SEC and Ripple Near Settlement, Eyeing Commodity Status for XRP Amid Legal Challenges

The legal skirmish between Ripple and the U.S. Securities and Exchange Commission (SEC) appears to be concluding, with indications that XRP may soon be regarded more seriously as a commodity. Inside sources sug...

17 hours ago

>> US Police on the Hunt for 'Bitcoin Billionaire' Suspected in Bond Fraud

In a notable development, US police have announced a search for an individual dubbed the 'Bitcoin Billionaire', connected with a fraudulent scheme involving $50,000 in bond transactions. The suspect's manipulat...

2 days ago

>> UK Bitcoin Scandal: Officer Charged with Stealing £3.2 Million Worth of BTC

The UK Crown Persecution Service (CPS) has charged a National Crime Agency (NCA) officer, Paul Chowles, with the theft of 50 Bitcoin, valued roughly at £3.2 million today. The indictment is part of the UK's ong...

2 days ago

All the latest crypto news in one place

Stay informed and up-to-date on the market's latest news with our Terminal's News Aggregator with curated news articles and analysis from over 50 sources, including the crypto's biggest publications.

Launch Terminal