Robinhood announces a deal to expand its prediction-markets business with Crypto.com and OG.com. According to multiple reports, the arrangement involves adding Crypto.com’s yes-or-no contracts for specific event markets to Robinhood’s platform and connecting certain contracts to Crypto.com’s prediction markets venue. The companies also agree on related corporate investment components.
Quartz and other outlets report that Robinhood takes minority equity stakes—one in Crypto.com and another tied to Crypto.com’s prediction-markets unit. Yahoo Finance and PYMNTS similarly describe a partnership that routes selected football-related event contracts to Crypto.com’s prediction markets. PYMNTS adds that this routing uses a CFTC-regulated exchange and clearinghouse. Channel NewsAsia and the Yahoo outlets also frame the OG.com tie-up as part of broadening prediction-market offerings ahead of the NFL season, while Seeking Alpha characterizes the move as an effort to position for prediction-market growth.
