Robinhood Supercharges Prediction Markets with Crypto.com Deal
Rainmaker Robinhood's prediction markets business is heating up thanks to a new partnership with Crypto.com. The deal allows Robinhood to route select football event contracts to OG.com, a CFTC-regulated exchange and clearinghouse. This move comes at an opportune time as prediction markets have become one of Robinhood's fastest-growing businesses.
In the second quarter of 2026, customers traded 13.6 billion event contracts, exceeding 5 billion World Cup-related contracts alone. Through the first eight months of 2026, more than 30 billion contracts were traded, lifting cumulative volumes since launch to over 45 billion. The rapid volume growth has translated into meaningful revenues, with HOOD generating $156 million in event contract revenues in the second quarter, a tenfold increase year-over-year.
The partnership with Crypto.com is expected to further aid growth by adding another execution venue alongside Kalshi, ForecastEx and Rothera. This broader network of exchanges can enhance liquidity, improve pricing, and expand contract availability, potentially supporting higher customer engagement.