Robinhood Teams Up with Crypto.com's OG.com for Prediction Markets

Riding on the back of a significant investment from Citadel Securities, Crypto.com's prediction market platform OG.com has secured a multi-year deal with Robinhood Markets. As part of this agreement, OG.com will serve as an infrastructure and clearing provider for Robinhood's prediction markets offering.

The partnership designates OG.com as a CFTC-regulated derivatives exchange and clearinghouse architecture, which will route retail event contract volume through its underlying Commodity Futures Trading Commission (CFTC) regulated derivatives exchange. This deal marks the largest B2B prediction markets partnership for OG.com in terms of transaction volumes.

Crypto.com's founder and CEO Kris Marszalek expressed enthusiasm about this strategic partnership, stating 'This is the beginning of a strategic partnership between both companies.' He also highlighted OG.com's potential to become the most liquid venue globally for innovative derivative instruments. The company plans to start by expanding prediction markets before moving into futures and perpetuals.