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Robinhood Markets is in discussions to add prediction market contracts from Crypto.com's derivatives business to its platform, the Wall Street Journal reported.
Under a potential deal, Robinhood customers would trade yes-or-no contracts that Crypto.com's derivatives unit originates and manages.
How the arrangement would work Yes-or-no contracts are the instrument at the core of prediction markets. A buyer takes a side on whether a named event will occur, and the contract settles once the outcome is confirmed.
Crypto.com's derivatives arm already writes and manages these products.
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