Robinhood Backs Crypto.com and OG.com in Prediction Market Deal

Robinhood has deepened its push into US event trading by taking equity stakes in Crypto.com and OG.com, a newly created prediction markets spin-off.

The multi-year arrangement is designed to let Robinhood route retail event contracts through OG.com's CFTC-regulated derivatives infrastructure. The rollout starts for eligible customers in the United States, with Robinhood directing event contracts to OG.com's CFTC-regulated exchange and clearinghouse.

Robinhood will receive initial equity stakes in both Crypto.com and OG.com, priced using the valuations set in an earlier investment by Citadel Securities. The deal follows OG.com's spin-off from Crypto.com at a reported $5 billion valuation.

OG.com plans to expand beyond prediction markets into broader derivatives products, including futures and perpetual contracts. Robinhood's choice is notable given how quickly the brokerage has positioned prediction markets as part of its retail-facing growth story.