Robinhood Expands Prediction Markets with Crypto.com Deal
Robinhood has expanded its prediction markets through a partnership with Crypto.com and OG.com. The multi-year agreement allows Robinhood to route selected football event contracts to OG.com, which operates a Commodity Futures Trading Commission-regulated exchange and clearinghouse.
The deal also includes an equity stake for Robinhood in both Crypto.com and OG.com. Financial terms were not disclosed, but the company stated that the Crypto.com equity will be priced in line with a recent Citadel Securities investment that valued Crypto.com Group at $20 billion.
This expansion is part of Robinhood's growing prediction market business, which saw customers trade 13.6 billion event contracts during the second quarter and over 30 billion since the start of 2026. The company launched its prediction markets roughly two years ago, with more than 45 billion contracts traded to date.
JB Mackenzie, vice president and general manager of futures and prediction markets at Robinhood, commented that routing event contracts to multiple venues helps create a stronger, more diverse, and resilient marketplace.