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Robinhood Teams Up with Crypto.com and OG.com in Prediction Markets Partnership

Guavy AI Editorial Team
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Robinhood has taken minority equity stakes in Crypto.com and its $5 billion prediction markets spinoff, OG.com. This partnership will allow OG.com to act as an infrastructure and clearing provider for Robinhood's prediction markets platform.

The rollout of this new arrangement began on September 8th for eligible US customers, starting with football contracts. OG.com's exchange is regulated by the Commodity Futures Trading Commission (CFTC).

This partnership marks OG.com's largest business-to-business arrangement by trading volume, according to Robinhood and Crypto.com.

Rick Marszalek, CEO of Crypto.com, stated that he wants OG.com to become 'the most liquid venue globally for innovative derivative instruments.'

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