Robinhood Invests in Crypto.com and OG.com for Regulated Prediction Markets
Robinhood has taken equity stakes in Crypto.com and OG.com as part of a multi-year deal to use OG.com's regulated infrastructure for event contracts. The agreement involves routing retail event contracts through OG.com's Commodity Futures Trading Commission (CFTC)-regulated derivatives exchange and clearinghouse, with the rollout beginning Tuesday for eligible US customers.
The stakes were priced at the valuations established by an earlier Citadel Securities investment in the platforms. The companies did not disclose the size or value of Robinhood's holdings. This deal follows OG.com's spin-off from Crypto.com at a $5 billion valuation and comes less than two months after reports that Robinhood was in talks with Crypto.com to expand its prediction markets offering.
OG.com will operate independently from the crypto exchange, with CEO Kris Marszalek saying the platform plans to expand beyond prediction markets into futures and perpetual contracts. The deal is an expansion of prediction market partnerships for Robinhood, which launched its prediction markets hub in March 2025 with CFTC-regulated exchange Kalshi.