Robinhood Takes Minority Stakes in Crypto.com and OG.com, Routes Football Prediction Contracts

Robinhood Markets announced a multiyear partnership with OG.com, the CFTC‑regulated exchange spun out of Crypto.com, to handle football event contracts for U.S. customers. The broker also acquired minority equity stakes in both Crypto.com and OG.com, pricing the investments at a $20 billion combined valuation.

Key Elements of the Deal

• Robinhood will route selected football prediction contracts to OG.com’s exchange starting September 8, 2026.
• Minority stakes in Crypto.com and OG.com are valued at a $20 billion aggregate valuation, mirroring recent Citadel Securities investments.
• Ownership percentages, investment amounts and governance rights were not disclosed.

Strategic Rationale

Robinhood’s vice president of futures and prediction markets, JB Mackenzie, said the partnership enables more competitive pricing and a broader contract menu, aligning with the start of the U.S. football season and upcoming midterm elections.

Market Context

• Event‑contract revenue at Robinhood rose tenfold year‑over‑year to $156 million in Q2 2026, with traded contracts reaching 13.6 billion.
• Overall prediction‑market volume has surged, with combined trading on Kalshi and Polymarket exceeding $130 billion in 2026.
• Industry trends show many platforms integrating exchange functions internally, but Robinhood is opting to partner and invest in an external CFTC‑regulated venue.

Future Opportunities

Both companies have discussed expanding into equity‑linked perpetual futures, pending regulatory approval. Crypto.com continues to explore an IPO, while Robinhood plans to broaden election‑related contracts ahead of the November midterms.