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Robinhood takes stakes in Crypto.com, OG.com in prediction markets deal

Robinhood has acquired equity stakes in Crypto.com and its spun-off prediction market platform OG.com and will route its retail event contracts through OG.com’s CFTC-regulated exchange and clearinghouse under a multi-year arrangement. The rollout to eligible U.S. customers began Tuesday, and the stakes were priced using valuations from a prior Citadel Securities investment, though the companies did not disclose the size of Robinhood’s holdings.

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