Robinhood to Take Minority Stake in Crypto.com as…

Robinhood Markets is taking a minority stake in Crypto.com as part of a broader strategic partnership that will expand the brokerage's prediction-markets business ahead of the U.S. football season and November midterm elections. The companies announced the multi-year agreement on September 8. Robinhood will receive equity stakes in both Crypto.com and OG.com, the prediction-market platform recently spun out of Crypto.com as an independent company. Neither company disclosed the size of Robinhood's investments or the percentage ownership it will receive.However, the equity will be priced in line with Citadel Securities' recent investment in Crypto.com Group, which valued Crypto.com at $20 billion and assigned OG.com a standalone valuation of $5 billion. The agreement goes beyond an equity investment. Beginning September 8, Robinhood will route selected football event contracts through OG.com's Commodity Futures Trading Commission-regulated derivatives exchange and clearinghouse.

Robinhood Adds Another Prediction-Market Venue

OG.com will become an infrastructure and clearing provider for Robinhood's prediction-markets business, with contracts gradually becoming available to eligible U.S. customers. The arrangement gives Robinhood another venue alongside Kalshi, ForecastEX and Rothera, the CFTC-regulated exchange independently managed through Robinhood's joint venture with Susquehanna International Group. Robinhood says using multiple exchanges should improve market resilience, product availability and execution.The expansion comes as prediction markets become an increasingly important contributor to Robinhood's business. Customers traded 13.6 billion event contracts during the second quarter, generating approximately $156 million in revenue, according to company figures reported by The Block. That represented a 50% increase from the previous quarter and marked the first quarter in which Robinhood's prediction-markets business generated more revenue than its cryptocurrency business. More than 5 billion contracts were traded during the World Cup alone. Through August, customers had traded more than 30 billion contracts during 2026 and over 45 billion since Robinhood launched the business roughly two years ago.

Crypto.com Partnership Could Expand Beyond Events

The relationship could eventually extend beyond prediction markets. Crypto.com CEO Kris Marszalek said the partnership represents the beginning of a broader relationship, with OG.com seeking to expand from prediction markets into futures and perpetual contracts. The Wall Street Journal reported that the companies could eventually explore products including equity-linked perpetual futures, subject to regulatory approval. For Crypto.com, the partnership gives its derivatives infrastructure access to Robinhood's large U.S. retail distribution network. OG.com was separated from Crypto.com with dedicated capital and a focus on regulated prediction markets and derivatives. Its underlying U.S. exchange and clearing infrastructure is registered with the CFTC. Robinhood, meanwhile, is preparing for two major catalysts for event-contract trading.Its redesigned professional and college football prediction-market experiences will offer contracts covering game outcomes, player performance and custom combinations. The brokerage is also launching a dedicated hub for the November U.S. midterm elections, including interactive maps and near-real-time voting data after polls close. Election contracts are initially being routed through Kalshi and Rothera, although Robinhood says routing to Crypto.com and OG.com could follow in coming weeks. The investment also aligns the companies financially rather than leaving OG.com as simply another third-party execution venue.That distinction is significant as competition intensifies among prediction-market operators. Robinhood will continue sourcing contracts from competing exchanges while simultaneously owning equity in one of the platforms handling its order flow. Financial terms remain undisclosed, making it impossible to calculate the value or percentage of Robinhood's stakes. But by taking positions in both a $20 billion crypto company and its $5 billion prediction-market spin-off, Robinhood is making its clearest financial commitment yet to the infrastructure underlying one of its fastest-growing businesses.