Robinhood takes stakes in Crypto.com and OG.com to expand prediction markets

Robinhood has struck a multiyear deal with Crypto.com to broaden the event contracts available in its app. It will begin offering selected football-related contracts to eligible U.S. customers through OG.com, the prediction-market business recently separated from Crypto.com. Prediction markets let users trade on a simple outcome—whether a real-world event will happen or not—so this is less a crypto listing than a way for Robinhood to add another regulated trading venue behind its growing event-trading feature. Robinhood is also taking undisclosed minority stakes in both Crypto.com and OG.com, linking its financial interest to the partners whose exchange and clearing system will handle those trades.