Robinhood Teams Up with Crypto.com to Expand Prediction Markets

Robinhood has agreed to add yes-or-no event contracts from Crypto.com's prediction-markets unit, OG, to its trading platform. Under this multiyear deal, Robinhood will also take minority stakes in both Crypto.com and OG.

The partnership is valued at $15 billion for Crypto.com and $5 billion for OG after Citadel Securities bought stakes in the companies in July. This deal gives Robinhood access to a wider range of contracts and better pricing for its customers, according to Robinhood VP JB Mackenzie.

Crypto.com CEO Kris Marszalek described the partnership as the start of a broader relationship between the two companies. They are also discussing equity-linked perpetual futures, pending regulatory approval.