Crypto· Exchanges

Robinhood Takes Equity Stake in Crypto.com, Taps Exchange to Power Prediction Markets

Robinhood has struck a multi-year deal with Crypto.com’s spun-off prediction-markets arm, OG.com, making OG.com the infrastructure and clearing provider for Robinhood’s Prediction Markets. As part of the agreement Robinhood will take minority equity stakes in both Crypto.com and OG.com while routing retail event-contract volume through OG.com's CFTC-regulated exchange, with a phased rollout beginning September 8 for eligible U.S. users.

By AI NewsroomPublished 32 minutes agoUpdated 32 minutes ago0 views

Robinhood Takes Equity Stake in Crypto.com, Taps Exchange to Power Prediction Markets

Why It Matters

The arrangement secures a regulated clearing partner for Robinhood’s fastest-growing product line and gives the broker direct ownership stakes in the firms that power that business, signaling a shift toward institutionalized trading infrastructure for event contracts. It also diversifies Robinhood’s backend suppliers as the company scales prediction-market volume.

Key Facts

Deal type: Multi-year infrastructure and minority equity agreement
Parties: Robinhood, Crypto.com, OG.com
Role for OG.com: Infrastructure and clearing provider; processes and settles trades; exchange regulated by the CFTC
Robinhood stakes: Minority equity stakes in Crypto.com and OG.com
Valuation context: Stakes priced in line with Citadel Securities' July investment that valued Crypto.com at $20 billion; OG.com spin-off valued at $5 billion

Robinhood on Tuesday announced a multi-year partnership with OG.com, the prediction-markets platform spun out of Crypto.com, naming it the infrastructure and clearing engine behind Robinhood’s Prediction Markets. Under the agreement, Robinhood will route retail event-contract orders through OG.com's exchange — which the companies say is regulated by the Commodity Futures Trading Commission — and OG.com will handle trade processing and settlement. The phased rollout for eligible U.S. customers begins on September 8.

As part of the deal Robinhood is also acquiring minority equity stakes in both Crypto.com and OG.com. The companies said the stakes are priced consistent with Citadel Securities’ July institutional investment that valued Crypto.com at $20 billion; OG.com’s separate capitalization places its value at $5 billion. Crypto.com’s founder Kris Marszalek described the tie-up as a strategic move to boost OG.com’s global liquidity for derivative products.

The partnership gives Robinhood another backend supplier as it expands its event-contract business. The firm previously built its prediction-markets hub using Kalshi contracts and began routing volume to Rothera — a CFTC-licensed exchange run jointly with Susquehanna International Group — during testing such as this year’s World Cup. Executives framed the OG.com deal as a way to avoid reliance on a single infrastructure provider as demand grows.

Prediction markets have become Robinhood’s fastest-growing segment: event-contract revenue jumped more than tenfold year over year to $156 million in the second quarter, even as crypto trading revenue declined 38%. Market reaction to the announcement was positive: Robinhood shares rose roughly 3.4% in premarket trading to about $126, and Crypto.com’s native CRO token climbed roughly 6% to near $0.06, reaching a daily high around $0.065. Both companies have also flagged plans to introduce equity-linked perpetual futures pending regulatory approvals.

For Crypto.com, the OG.com spin-off and the move toward regulated clearing follow other steps to present itself as financial infrastructure rather than just a crypto app, including conditional approval for a U.S. national trust bank charter in February. The companies described the agreement as OG.com’s largest business-to-business partnership by trading volume.