Robinhood Joins Forces with Crypto.com on Prediction Market Expansion

Riding on the wave of prediction markets, Robinhood is teaming up with Crypto.com. Under this partnership, users will soon be able to access Ozzy.com's products, which are designed for prediction market enthusiasts.

The move allows users to invest in specific events or outcomes, such as interest-rate decisions or election results. As part of the deal, Robinhood will also take minority stakes in Crypto.com and Ozzy.com, a platform valued at about $5 billion after receiving an investment from Citadel Securities in July.