Robinhood Ramps Up Prediction Market Strategy with OG.com Deal

Retail investment app Robinhood has signed a multi-year deal to route event contract volume through the derivatives exchange and clearinghouse of Crypto.com spinoff OG.com.

The partnership, announced on Tuesday, will make Robinhood OG.com's biggest business-to-business prediction markets partnership, according to Axios.

This move comes after Citadel Securities backed Crypto.com this summer, valuing the company at $20 billion, including a $5 billion valuation for OG.com.

Rozienhood will get a stake in both Crypto.com and OG.com as part of the deal.

The partnership reflects Robinhood's bid to diversify its prediction market strategy. The firm last year launched a prediction markets hub with Kalshi floating the contracts, including sports.