Robinhood Joins Forces with Crypto.com to Predict Market Outcomes

Robinhood has partnered with Crypto.com to expand into prediction markets. The partnership will allow Robinhood's clients access to event contracts provided by OG.com, a platform that specializes in prediction markets and operates through a regulated infrastructure subject to oversight by the CFTC.

The deal involves Robinhood taking minority stakes in both Crypto.com and OG.com. The stakes will be priced in line with the most recent investment made by Citadel Securities in the Crypto.com group, which valued the group at $20 billion.

This partnership is part of Robinhood's broader strategy to build a strong presence in prediction markets and event-linked contracts.