Robinhood-backed fund buys stakes in Crypto.com and OG.com for prediction market deal

Robinhood is deepening its push into US event trading by taking equity stakes in Crypto.com and its newly created prediction markets spin-off, OG.com. The brokerage says the multi-year arrangement is designed to let it route retail event contracts through OG.com’s CFTC-regulated derivatives infrastructure.

According to a Tuesday announcement from Robinhood, the rollout starts for eligible customers in the United States, with Robinhood directing event contracts to OG.com’s CFTC-regulated derivatives exchange and clearinghouse. The companies did not disclose how large Robinhood’s equity positions are, but the stakes are priced using the valuations set in an earlier investment by Citadel Securities.

Key takeaways

• Robinhood will route eligible retail event contracts through OG.com’s CFTC-regulated exchange and clearinghouse.
• Robinhood will receive initial equity stakes in both Crypto.com and OG.com; deal values were not publicly disclosed.
• The agreement follows OG.com’s spin-off from Crypto.com at a reported $5 billion valuation.
• The move comes as prediction market products face intensifying state-level legal scrutiny over whether they should be treated like gambling.
• OG.com plans to expand beyond prediction markets into broader derivatives products, including futures and perpetual contracts.

How the OG.com infrastructure fits Robinhood’s event trading

The operational core of the deal is straightforward: Robinhood intends to use OG.com’s regulated setup for event contracts. In practical terms, this means customers participating through Robinhood’s platform will be connected to a derivatives exchange and clearinghouse operating under CFTC oversight, rather than relying solely on other third-party venues.

Robinhood’s choice is notable given how quickly the brokerage has positioned prediction markets as part of its retail-facing growth story. The announcement places OG.com alongside Robinhood’s other CFTC-regulated market infrastructure partner, Kalshi, which was used when Robinhood first launched its prediction markets hub in March 2025.

Equity stakes and valuations tied to Citadel Securities

Robinhood will obtain equity positions in both Crypto.com and OG.com as part of the agreement. The stakes are “priced at the valuations established” by Citadel Securities’ earlier investment in those platforms, per the announcement.

While the companies declined to reveal the number of shares or dollar value of Robinhood’s holdings, the structure matters for investors tracking whether Robinhood is treating event trading as a strategic line of business or a temporary test. Equity participation typically suggests longer-term commitment and alignment incentives beyond a pure technology or routing relationship.

Robinhood’s decision also arrives less than two months after reporting that it was in talks with Crypto.com to expand its prediction markets offering, according to earlier coverage from Cointelegraph: Robinhood crypto.com prediction markets.

OG.com’s spin-off timing and expansion plans

OG.com emerged as a separate entity from Crypto.com, with the spin-off reported at a $5 billion valuation. In Tuesday’s announcement, OG.com CEO Kris Marszalek framed the platform as operating independently from the crypto exchange business and described an ambition to broaden its product toolkit.

Specifically, Marszalek said OG.com intends to expand beyond prediction markets into futures and perpetual contracts. That matters because event contracts are only one segment of the broader derivatives landscape. If OG.com’s planned expansion proceeds, it could influence how retail demand migrates from strictly event-based payoffs toward other forms of derivatives exposure—though the timing and regulatory pathways for those products would still be subject to the relevant jurisdictional approvals.

Growth momentum meets a mounting legal battle

Robinhood’s new infrastructure partnership lands amid escalating uncertainty for prediction markets in the US. The sector’s growth has been strong, but legal challenges have increasingly targeted how these products are classified under state law.

Robinhood reported that event contracts generated $156 million in revenue in the second quarter of 2026, according to Robinhood’s quarterly results release: Robinhood reports second quarter 2026 results. That figure represents a more than tenfold increase compared with the prior year and also placed event contracts ahead of Robinhood’s equities transaction revenue and its reported crypto-related revenue for the quarter.

Analyst estimates also suggest significant upside if the model scales. Bernstein analysts projected in July that Robinhood’s revenue—including prediction markets—could reach $1.7 billion by 2028, as referenced in earlier Cointelegraph coverage: Bernstein estimates.

However, the legal pressure on prediction markets has intensified. According to Cointelegraph, operators have faced efforts by US states to apply gambling laws to sports event contracts. A key example is litigation involving Kalshi, where a Nevada judge extended a ban preventing the company from offering event contracts in the state without a gaming license. The ruling rejected the argument that the contracts were swaps subject exclusively to CFTC oversight, as discussed in Cointelegraph reporting: Nevada judge extends ban.

Last week, New Jersey petitioned the US Supreme Court on whether states can regulate sports contracts offered on CFTC-regulated prediction market platforms. Cointelegraph reported on the development in New Jersey Supreme Court filing, noting that New Jersey Attorney General Jennifer Davenport argued that companies claim to provide legal sports betting nationwide while refusing to comply with state gambling laws.

What to watch next for Robinhood and the sector

Robinhood’s use of OG.com’s CFTC-regulated exchange and clearinghouse may strengthen its compliance posture for event contracts, but it does not remove the broader risk stemming from the state-federal jurisdiction fight over classification. Traders and users should watch how the Supreme Court proceedings evolve—and whether OG.com’s planned expansion beyond prediction markets faces additional regulatory hurdles as these products scale.