Robinhood Takes Stake in Crypto.com and OG.com for Prediction Markets Expansion

Robinhood has taken an equity stake in both Crypto.com and OG.com as part of a deal that will see OG.com provide its infrastructure to Robinhood.

The valuation of Robinhood's stake was not disclosed, but it is reportedly priced in line with Citadel Securities' recent US$20bn valuation of the Crypto.com Group.

This includes a $5bn valuation of OG.com, which spun off from Crypto.com as an independent trading platform earlier this year.

As part of the deal, Robinhood will route retail event contract volume through OG.com's underlying Commodity Futures Trading Commission (CFTC) derivatives exchange and clearinghouse architecture.