Robinhood partners with OG.com and takes equity stakes in Crypto.com and OG.com

Robinhood announced a multi‑year partnership that will see part of its retail event‑contract volume processed on OG.com’s federally regulated derivatives exchange and clearinghouse. The deal also includes initial minority equity stakes for Robinhood in Crypto.com and OG.com.

Infrastructure partnership with OG.com

Under the agreement, Robinhood will route selected prediction‑market contracts – beginning with football events as the U.S. season starts – through OG.com’s platform. The rollout to eligible U.S. customers begins on September 8 and will expand to contracts covering economic indicators, elections, sports and cultural events.

Equity component

Robinhood will receive minority stakes in Crypto.com and OG.com. The stakes are priced using valuation benchmarks of $20 billion for Crypto.com and $5 billion for OG.com, following terms similar to a recent Citadel Securities investment. Neither company disclosed the size of the investments.

Impact on Robinhood’s prediction‑market business

The addition of OG.com adds capacity to a product line that generated $156 million in revenue in Q2, a record for Robinhood’s event‑contract segment. Analysts project the business could reach $586 million in 2026, representing roughly 17 % of Robinhood’s transaction‑based revenue.

Regulatory backdrop

OG.com operates under CFTC oversight, but prediction‑market contracts, especially those tied to sports, continue to face legal challenges from state regulators. Courts have issued varying rulings on the applicability of federal derivatives law versus state gambling statutes, meaning contract availability on Robinhood will depend on state‑level restrictions.

Market reaction

Following the announcement, Robinhood shares traded around $122.02, while Crypto.com’s CRO token rose about 5.3 % to $0.0604.