Robinhood

Citadel

United

<p><a rel="noopener noreferrer nofollow" href="https://med.etoro.com/B10215_A127826_TClick_Scb-Robinhood.aspx?TargetURL=https://www.etoro.com/markets/hood">Robinhood</a> has agreed to take equity stakes in <a rel="noopener noreferrer nofollow" href="https://cryptocom.sjv.io/kOjZNn">Crypto.com</a> and its newly spun-off prediction markets platform, OG.com, in a multi-year arrangement designed to bolster <a rel="noopener noreferrer nofollow" href="https://med.etoro.com/B10215_A127826_TClick_Scb-Robinhood.aspx?TargetURL=https://www.etoro.com/markets/hood">Robinhood</a>’s event-contract infrastructure in the United States. The move links Robinhood’s expanding prediction markets business to OG.com’s CFTC-regulated derivatives exchange and clearinghouse.</p>
<p>As part of the deal, Robinhood will route retail event contracts through OG.com’s infrastructure. A rollout is set to begin Tuesday for eligible US customers, according to Robinhood’s announcement carried by PR Newswire.</p>
<h2 id="key-takeaways">Key takeaways</h2>
<ul>
 <li>Robinhood will use OG.com’s CFTC-regulated derivatives exchange and clearinghouse to process retail event contracts.</li>
 <li>Robinhood is taking equity stakes in both <a rel="noopener noreferrer nofollow" href="https://cryptocom.sjv.io/kOjZNn">Crypto.com</a> and OG.com, but the companies did not disclose the size or value of the holdings.</li>
 <li>The equity stakes are priced using valuations established by an earlier Citadel Securities investment in the platforms.</li>
 <li>The agreement arrives shortly after OG.com’s spin-off from Crypto.com and follows recent reporting that Robinhood was exploring ways to expand prediction markets.</li>
</ul>
<h2 id="robinhood-s-event-contract-routing-shifts-to-og-com">Robinhood’s event-contract routing shifts to OG.com</h2>
<p>The core operational change is straightforward: Robinhood plans to route retail event contracts through OG.com’s CFTC-regulated derivatives exchange and clearinghouse. In the PR Newswire announcement, Robinhood described OG.com as its infrastructure partner for prediction market event contracts, with the initial rollout beginning Tuesday for eligible customers in the US.</p>
<p>This matters for participants because event-contract trading depends not only on market access and product availability, but also on the plumbing—exchange execution, clearing, and regulatory oversight. By centering that plumbing on OG.com’s CFTC-regulated setup, Robinhood is effectively tightening the link between its prediction-market offering and a regulated derivatives framework.</p>
<h2 id="equity-stakes-accompany-the-infrastructure-deal">Equity stakes accompany the infrastructure deal</h2>
<p>In addition to becoming a customer of OG.com’s infrastructure, Robinhood will receive initial equity stakes in both Crypto.com and OG.com under the multi-year agreement. The announcement states that the stakes are priced at the valuations set by an earlier investment from Citadel Securities. However, neither Robinhood nor the counterparties disclosed how much Robinhood will receive or the dollar value of the holdings.</p>
<p>The equity component is a notable feature of the arrangement. Many infrastructure partnerships are structured around service fees rather than ownership participation. Here, ownership ties can align long-term incentives for both product expansion and operational reliability—especially for a business area where regulatory permissions and market structure are central to scalability.</p>
<h2 id="og-com-independence-and-a-broader-push-into-derivatives">OG.com independence—and a broader push into derivatives</h2>
<p>OG.com recently spun off from Crypto.com at a $5 billion valuation, and Robinhood’s agreement arrives less than two months after reports that Robinhood had been in talks with Crypto.com to expand its prediction markets offering.</p>
<p>OG.com will operate independently from the crypto exchange. CEO Kris Marszalek said the company plans to expand beyond prediction markets into futures and perpetual contracts. That direction is consistent with the idea that regulated event-contract infrastructure can serve as a stepping stone toward more generalized derivatives products, though the specific pace and regulatory pathway for futures and perps would still depend on applicable jurisdictional requirements.</p>
<h2 id="why-prediction-markets-remain-a-legal-flashpoint">Why prediction markets remain a legal flashpoint</h2>
<p>Robinhood’s expansion efforts are happening in parallel with a widening legal dispute about how US states should be allowed to regulate event contracts—particularly sports-related ones.</p>
<p>Robinhood launched its prediction markets hub in March 2025 with CFTC-regulated exchange Kalshi, later expanding its prediction market infrastructure. <a rel="noopener noreferrer nofollow" href="https://sovrn.co/1h8llaz">Cointelegraph</a> previously reported on developments in this space, including partnerships and platform expansion plans. The business has also grown quickly: Robinhood said event contracts generated $156 million in revenue in the second quarter of 2026, up more than tenfold from a year earlier. In the same reporting cycle, Robinhood indicated that its equities transaction revenue was $129 million and that crypto contributed $100 million—figures from the company’s investor relations release.</p>
<p>Analyst estimates cited in the original reporting add another layer to the stakes: Bernstein analysts projected in July that Robinhood’s revenue, including prediction markets, could reach $1.7 billion by 2028. At the same time, those projections sit against uncertainty driven by regulatory and court fights.</p>
<p>Several legal challenges have targeted the classification of prediction-market event contracts. In April, a Nevada judge extended a ban preventing Kalshi from offering event contracts in the state without a gaming license, ruling that the products were effectively indistinguishable from traditional betting. The decision rejected Kalshi’s position that the contracts should be treated as swaps governed exclusively by CFTC oversight.</p>
<p>The dispute has escalated further. Last week, New Jersey petitioned the US Supreme Court to consider whether states can regulate sports contracts offered on CFTC-regulated prediction markets. In a post tied to the move, New Jersey Attorney General Jennifer Davenport said companies such as Kalshi argue they can offer legal sports betting nationwide while refusing to comply with state gambling laws, and she urged the Supreme Court to resolve the jurisdictional conflict.</p>
<p>For investors and traders, these cases are more than abstract legal drama. Platform operators often rely on regulators and courts to define the product boundaries—whether a state can apply gambling rules to event contracts even when the market structure is built within CFTC-regulated derivatives frameworks. Any shift in legal interpretation could affect product listings, market access, and compliance costs.</p>
<h2 id="what-to-watch-next-as-infrastructure-and-regulation-converge">What to watch next as infrastructure and regulation converge</h2>
<p>With Robinhood routing retail event contracts through OG.com’s CFTC-regulated exchange and clearinghouse beginning Tuesday, the immediate operational question is how quickly eligible customers can access the expanded flow. Just as important, the next watch item is the broader legal trajectory around state authority over sports-related event contracts—because the infrastructure build-out may face constraints or redesigns depending on how courts ultimately define the regulatory boundaries.</p>
<p>This article was originally published as <a href="https://www.cryptobreaking.com/robinhood-invests-in-crypto-com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Robinhood Invests in Crypto.com and OG.com via Prediction Markets</a> on <a href="https://www.cryptobreaking.com/?utm_source=rss&amp;utm_medium=syndication&amp;utm_campaign=article_footer" rel="noopener noreferrer nofollow">Crypto Breaking News</a> – your trusted source for crypto news, Bitcoin news, and blockchain updates.</p>

Robinhood Invests in Crypto.com and OG.com via Prediction Markets

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