Robinhood expands prediction-market push with Crypto.com, OG.com tie-up
A Robinhood logo is displayed at the Robinhood Markets, Inc. event in New York City, U.S., March 4, 2026. REUTERS/David ‘Dee’ Delgado
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Sept 8 : Robinhood Markets said on Tuesday it will route some football event contracts through OG.com’s federally regulated exchange, while taking equity stakes in the platform and its former parent Crypto.com as it further expands into prediction markets.
Here are some more details:
• The stakes will be priced in line with Citadel Securities’ recent investment in Crypto.com at a $20 billion valuation, including $5 billion for the recently spun-off OG.com, Robinhood said.
• Starting Tuesday, the retail trading platform will route selected football contracts to OG.com, adding another trading venue alongside its existing partners ahead of the U.S. professional football season.
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• Event contracts generated a record $156 million in second-quarter revenue, emerging as an increasingly important growth driver for Robinhood.
• OG.com, an independent trading platform, operates a derivatives exchange and clearinghouse regulated by the U.S. Commodity Futures Trading Commission.
• Robinhood is also expanding its election-related contracts ahead of the November midterms with a dedicated hub for state and federal races, some of which could later be routed to Crypto.com and OG.com.
• Prediction markets offer “yes” or “no” contracts on sports, political and economic events, with proponents arguing they harness the “wisdom of crowds”. Critics liken them to gambling, and regulators have stepped up scrutiny over insider trading.
• The products gained mainstream popularity during the 2024 U.S. presidential election and attracted strong demand during sports events such as the FIFA World Cup.
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
