Robinhood Takes Stake in OG.com as Prediction Markets Push Expands

Robinhood has announced a multi-year partnership with OG.com to expand its prediction markets business. The agreement will see Robinhood route retail event-contract volume through OG.com's CFTC-regulated derivatives exchange and clearing infrastructure.

The rollout begins on September 8 for eligible US customers, marking the largest business-to-business prediction-markets partnership by transaction volume for OG.com.

As part of the deal, Robinhood will receive equity stakes in both OG.com and Crypto.com, with their valuations set at $5 billion and $20 billion respectively.