Robinhood Doubles Down on Prediction Markets with OG.com Partnership

Robinhood has partnered with OG.com to expand its prediction market infrastructure. The multiyear deal will bring OG.com-backed yes-or-no event contracts to Robinhood users in the U.S. through a phased rollout.

The partnership also includes minority ownership positions for Robinhood in both OG.com and its parent company, Crypto.com. This means Robinhood gets another regulated exchange engine, adding more variety to its platform.

OG Predicts, launched by Crypto.com as a standalone prediction market business in February, has reportedly grown 20-fold this year. Under the new agreement, it will provide the exchange and clearing infrastructure for Robinhood's prediction markets offering.