Robinhood Takes Stakes in Crypto.com, OG.com
Robinhood will route selected event contracts through OG.com and take minority stakes in Crypto.com and OG.com as demand for prediction markets grows.
- On Tuesday, Robinhood announced a multi-year deal to route event contracts through OG.com while acquiring equity stakes in both OG.com and its parent company, Crypto.com.
- The equity investments are priced at $20 billion for Crypto.com and $5 billion for OG.com, with pricing following recent investment terms from Citadel Securities.
- Robinhood Vice President and General Manager of Futures and Prediction Markets JB Mackenzie said the equity component gives the brokerage "skin in the game" as customer demand for event contracts continues to grow.
- Despite OG.com's federal regulatory status under the Commodity Futures Trading Commission, the platform faces state-level disputes, with judges in Michigan and Washington having temporarily restricted certain sports contracts.
- Contracts will appear gradually in the Robinhood app for eligible customers starting Sep. 8, with the company preparing a dedicated election hub ahead of November 2026 midterms.
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Robinhood Markets Inc. will acquire equity stakes at Crypto.com and OG.com — a company focused on forecast market platforms — as part of an agreement that will add another event contract provider to the broker's forecast segment. Exclusive material for subscribers. To have full access, access the material link and register.
Robinhood takes Crypto.com stake in prediction markets deal
Robinhood has signed a multi-year deal to route selected event contracts through OG.com while taking equity stakes priced against $20 billion and $5 billion valuations for Crypto.com and OG.com, respectively. Robinhood adds OG.com as an event-contract provider Robinhood and OG.com…
Robinhood expands prediction markets through Crypto.com, OG.com tie-up
Robinhood Markets is expanding its prediction markets business through a partnership with Crypto.com and its newly independent derivatives platform OG.com, adding another venue for its growing event-contract operation. Under the agreement, Robinhood will route a portion of its football prediction contracts to OG.com's derivatives exchange and clearinghouse, which is regulated by the U.S. Commodity...
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