Robinhood Secures Equity Stakes in Crypto.com and OG.com for Prediction Market Expansion

Robinhood announced a multi‑year agreement to use OG.com’s CFTC‑regulated derivatives exchange and clearinghouse for its prediction‑market event contracts. The brokerage will route eligible U.S. customers’ contracts through OG.com, beginning the rollout on Tuesday.

Equity Stakes and Valuation

Under the deal, Robinhood receives initial equity stakes in Crypto.com and OG.com. The stakes are priced based on valuations set by a prior Citadel Securities investment, though the exact size and value of the holdings were not disclosed.

OG.com Spin‑Off and Future Plans

OG.com recently spun off from Crypto.com at a $5 billion valuation. CEO Kris Marszalek indicated that the platform intends to broaden its offering beyond prediction markets to include futures and perpetual contracts, operating independently from the Crypto.com exchange.

Growth of Robinhood’s Prediction Markets

Since launching its prediction‑markets hub in March 2025, Robinhood’s event‑contract revenue reached $156 million in Q2 2026, a tenfold increase from the previous year and surpassing its equities and crypto transaction revenues. Analysts project total revenue, including prediction markets, could approach $1.7 billion by 2028.

Regulatory Landscape

Prediction‑market operators face legal challenges as U.S. states apply gambling laws to sports event contracts. A Nevada judge recently upheld a ban on Kalshi’s contracts without a gaming license, and New Jersey has petitioned the U.S. Supreme Court to clarify state authority over CFTC‑regulated prediction markets.