2 Prediction Market Stocks to Watch as France Bans Polymarket Ahead of FIFA World Cup Final

Prediction market stocks are back in focus as France announces a ban on the Polymarket predictions platform ahead of the FIFA World Cup Final slated for July 19. Two stocks, Coinbase (NASDAQ: COIN) and Robinhood (NASDAQ: HOOD) could benefit if they increase their share in this market.

France Blocks Polymarket Ahead of FIFA Final

A statement released by the president of the National Gambling Authority in France has accused the Polymarket predictions platform of promoting gambling-related losses and of failing to prevent market manipulation.

The ban comes a day before the FIFA World Cup Final that will take place on July 19, with the World Cup Winner market on Polymarket seeing more than $4.2 billion in volume.

Per France’s regulatory body, “The site, which ​attracts a particularly large audience, is promoting an illegal gambling ⁠and betting offering.”

This ban in France comes after Google said it will ban prediction market extensions as regulatory scrutiny towards Polymarket and Kalshi grows.

The CFTC has also launched an investigation into Polymarket to establish whether the prediction markets platform is creating fake bets and winnings.

These regulatory issues facing Polymarket are now shifting the attention of investors towards COIN and HOOD prediction market stocks.

COIN Stock Outlook as Analyst Targets $50M in Prediction Market Revenue

COIN stock dropped by 2.1% on July 17 to close trading at $157. The drop in COIN stock price comes despite the FIFA World Cup Winner on the Coinbase prediction market recording $10M in volumes.

Investment bank Compass Points estimates that Coinbase will generate $50 million in revenue from its prediction markets in Q2 2026.

However, it warns that this might not be enough to push COIN stock up, and forecasts that the price might drop to $140. This mirrors the same sentiment shared by Oppenheimer, that trimmed COIN’s stock target to $209.

COIN stock has been moving in a tight range since July 2. The top of this range at $171 is now serving as resistance, while the bottom of $152 is serving as support.

If Coinbase shares move below this support of $152, analyst Ali Charts warns that the price might drop to $145. But a close above $171 might move this prediction market stock to the psychological resistance at $200.

HOOD Stock Slips Below $100 as Selling Pressure Intensifies

HOOD stock price dropped below the psychological support of $100 on July 17. This was the first time that the stock closed below this support since June 26.

The stock is dropping despite the FIFA World Cup Final prediction market on Robinhood seeing more than $27 million in volume.

Bernstein had forecast that Robinhood would report $586 million in revenue from prediction markets in 2026, a move that could bode well for HOOD stock.

Still, Cathie Wood keeps selling Robinhood shares, suggesting that ARK Invest has a bearish outlook on the stock.

HOOD could drop to the June 25 low of $92 if it closes below the psychological support of $100 for three straight trading days.

The RSI reading of 46 suggests that the momentum is now favoring bears, suggesting that the price might keep falling.

The recent sale of 3,982 HOOD shares by Robinhood’s CFO might exacerbate the ongoing drop and push the price of this prediction market stock to the psychological support of $90.