Summary
- Robinhood has entered a multi-year agreement with Crypto.com, naming OG.com as the infrastructure and clearing provider for its Prediction Markets platform.
- The trading app is also taking minor equity stakes in both Crypto.com and OG.com.
- Following the announcement, HOOD shares rose approximately 3.4% in premarket trading, reaching around $126, while Crypto.com's CRO token surged towards a weekly peak of nearly $0.063.
In a strategic move to bolster its prediction markets business, Robinhood has announced it will acquire minority equity stakes in both Crypto.com and OG.com. This partnership enables OG.com, which was spun off from Crypto.com earlier this year, to serve as the infrastructure and clearing provider for Robinhood's Prediction Markets platform.
Prediction markets allow users to trade contracts based on the likelihood of future events occurring, such as Federal Reserve rate changes, election outcomes, or sports results. Notable platforms in this space include Polymarket and Kalshi, alongside Myriad, which is developed by Decrypt's parent company, Dastan.
Robinhood's prediction markets have quickly become its fastest-growing product line, highlighting the importance of this new partnership.
Roles Defined
As part of this new agreement, OG.com will manage the infrastructure and clearing processes for Robinhood, which involves handling trade settlements after bets are placed.
Robinhood will direct its retail trading volume through OG.com's exchange, which operates under the oversight of the Commodity Futures Trading Commission (CFTC). This collaboration is touted as OG.com's largest business-to-business initiative by trading volume, with a phased rollout commencing on September 8 for eligible U.S. users.
The valuation for Robinhood's equity stakes in Crypto.com and OG.com aligns with Citadel Securities' investment earlier this year, which valued Crypto.com at $20 billion during its first institutional funding round.
OG.com, as a standalone entity, is valued at $5 billion.
Kris Marszalek, CEO of Crypto.com, described the partnership as a “game changer,” expressing his ambition for OG.com to become "the most liquid venue globally for innovative derivative instruments" in a recent statement.
Excited to collaborate with @vladtenev and @RobinhoodApp on prediction markets — a transformative step for both https://t.co/iXoLbdBMxc and https://t.co/JNeHyErmqH. Stay tuned! https://t.co/l1Dbj9GzXT
— Kris (@kris) September 8, 2026
JB Mackenzie, VP at Robinhood, noted that this deal further enhances Robinhood's commitment as demand for event contracts continues to rise.
Strategic Partnerships for Growth
Initially, Robinhood's prediction markets were built upon contracts from Kalshi, but the company has since shifted some volume to Rothera, its CFTC-licensed exchange developed in partnership with Susquehanna International Group, which was tested during the recent World Cup. By adding OG.com as a supplier, Robinhood diversifies its infrastructure support.
This strategy is proving successful, as Robinhood's revenue from event contracts skyrocketed over tenfold year-over-year, reaching $156 million in the second quarter, making it the company's most rapidly expanding business line, especially as crypto trading revenue saw a decline of 38%. Once known primarily for stock and crypto trading, event contracts are now becoming a major focus for the app.
Additionally, Crypto.com recently received conditional approval for a U.S. national trust bank charter, and the separation of OG.com into an independently capitalized entity further positions it as a regulated financial infrastructure rather than merely a crypto application.
The market reacted positively to the news, with Robinhood's shares (HOOD) increasing around 3.4% in premarket trading to approximately $126, while the CRO token for Crypto.com rose over 6%, reaching about $0.06, marking a significant recovery for the token that had recently hit a three-year low.
The phased rollout for eligible U.S. customers begins today, and both firms are already looking ahead to the next development: equity-linked perpetual futures, pending regulatory approval.