Robinhood takes stakes in Crypto.com, OG.com in prediction markets deal
Reported by Cointelegraph · AI-assisted summary by ChikoCorp AI News Desk
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Summary
Robinhood has acquired equity stakes in Crypto.com and its newly spun-off prediction market platform OG.com. This is part of a multi-year agreement whereby Robinhood will use OG.com’s Commodity Futures Trading Commission (CFTC)-regulated infrastructure to route retail event contracts, starting with eligible US customers. OG.com operates independently from Crypto.com and aims to expand beyond prediction markets into futures and perpetual contracts.
Why it matters
The deal enables Robinhood to strengthen and expand its prediction market offerings using regulated infrastructure. Prediction markets have become a growing revenue source for Robinhood, generating $156 million in the second quarter, surpassing revenues from equities and crypto trading. However, this market segment faces increasing legal scrutiny, with some states challenging the classification and regulation of these event contracts.
Key context
OG.com was recently spun off from Crypto.com at a $5 billion valuation. Robinhood initially launched its prediction markets hub in March 2025 with Kalshi, a CFTC-regulated exchange, and has since expanded its infrastructure and partnerships. Legal challenges have emerged as some US states argue these contracts constitute gambling and require gaming licenses, leading to ongoing disputes including a petition to the US Supreme Court by New Jersey.
Key numbers and entities
Robinhood, Crypto.com, OG.com, Citadel Securities, Commodity Futures Trading Commission (CFTC), Kalshi, CEO Kris Marszalek, New Jersey Attorney General Jennifer Davenport. OG.com had a $5 billion valuation at spin-off. Robinhood’s event contracts generated $156 million in Q2 revenue. Bernstein analysts estimate Robinhood’s revenue including prediction markets might reach $1.7 billion by 2028.
What remains unclear
The exact size and value of Robinhood’s equity stakes in Crypto.com and OG.com were not disclosed. The specific details of the multi-year deal terms remain unspecified. How OG.com’s planned expansion into futures and perpetual contracts will unfold is also not detailed.