Robinhood Bolsters Prediction-Markets Business with Crypto.com and OG.com Partnership
Rosy financial news for Robinhood as its prediction-markets business continues to soar. The company has announced a new partnership with Crypto.com and OG.com, taking equity stakes in both companies.
The agreement will see Robinhood route selected football event contracts through OG.com's underlying exchange and clearinghouse, adding another venue alongside Kalshi, ForecastEx, and Rothera.
This expansion comes as the U.S. professional football season gets underway, with customers trading a record 13.6 billion event contracts during the second quarter, more than 10 times the volume from a year earlier.
Rosie financial news for Robinhood as its prediction-markets business continues to soar. The company has announced a new partnership with Crypto.com and OG.com, taking equity stakes in both companies.