Robinhood Takes Minority Stakes in Crypto.com and Its Prediction-Markets Spinout OG.com

Robinhood is putting money behind two companies it already does business with, rather than just signing another contract.

What did Robinhood actually announce?

Robinhood is taking minority equity stakes in both Crypto.com and OG.com, the prediction-markets platform that Crypto.com launched under its own name earlier this year before spinning it off into a separately capitalized company. Alongside the investment, the two sides signed a multiyear agreement making OG.com an infrastructure and clearing partner for Robinhood’s event-contracts business, with OG.com’s CFTC-regulated exchange and clearinghouse now handling a share of the yes/no contracts Robinhood offers to retail customers. The rollout began in phases for eligible US customers starting September 8.

Why take an equity stake instead of just a contract?

Robinhood already routes prediction-market volume through multiple venues, including Kalshi, ForecastEx, and its own Rothera exchange, so this deal is additive rather than exclusive. An equity stake gives Robinhood direct upside if OG.com’s valuation grows alongside the trading volume it processes, rather than Robinhood simply paying for access and letting all the value accrue to the venue. Neither company disclosed the size of the stakes or how much Robinhood is paying, but the investment is reportedly priced in line with the valuation Citadel Securities used for its own July investment in Crypto.com, which valued the exchange at $20 billion. OG.com itself was spun out of Crypto.com at a $5 billion valuation.

Why does OG.com matter to Crypto.com’s business?

Prediction markets have quietly become one of the more lucrative corners of retail trading. Robinhood’s own prediction-markets segment generated $156 million in revenue last quarter — a meaningful chunk of the company’s record quarterly haul — driven by event contracts that have grown more than tenfold in volume over the past year. Crypto.com CEO Kris Marszalek has framed OG.com’s ambitions well beyond sports and politics contracts, saying the platform intends to become one of the most liquid venues globally for prediction markets before expanding into futures and perpetual contracts.

What comes next?

Both companies have already flagged their next step: equity-linked perpetual futures, contracts that would let traders take leveraged positions tied to a company’s stock performance without holding the underlying shares. That product is pending regulatory clearance and was not part of Tuesday’s rollout. Markets reacted quickly to the announcement regardless — Robinhood shares climbed roughly 3.4% in premarket trading to around $126, while Crypto.com’s CRO token jumped more than 6%.

Note: the second embedded post is Robinhood’s own promotion of its prediction-markets hub generally and does not reference the Crypto.com/OG.com equity deal specifically; it is included as background on the product line involved.

Prediction markets and equity-linked derivatives carry significant risk, and token prices like CRO can move sharply on news with no guarantee of holding gains. This is not financial advice.

New to how crypto exchanges and prediction markets fit into the wider digital-asset landscape? Start with coin680’s Bitcoin Academy.