Robinhood Takes Equity Stake in Crypto.com, Taps Exchange to Power Prediction Markets
Robinhood is deepening its prediction-markets push by taking minority equity stakes in Crypto.com and OG.com, while also routing customer event-contract trading through OG.com’s CFTC-regulated exchange. OG.com will act as Robinhood’s infrastructure and clearing provider, settling trades after customers place bets. The rollout starts in phases for eligible U.S. users on September 8. The move gives Robinhood more control over the “plumbing” behind its fastest-growing business line and reduces reliance on a single provider. Robinhood previously used Kalshi and later shifted some volume to its own CFTC-licensed venue, Rothera. Prediction markets have become a major growth driver: second-quarter event-contract revenue rose more than 10-fold to $156 million, while crypto trading revenue fell 38%. Crypto.com is positioning OG.com as regulated market infrastructure, and both firms said the next step could be equity-linked perpetual futures if regulators approve.
