Robinhood Partners With Crypto.com to Expand Prediction Markets
Robinhood is expanding its prediction markets by partnering with Crypto.com and its newly independent derivatives platform, OG.com. The deal routes a portion of Robinhood’s football prediction contracts to OG.com’s CFTC-regulated exchange and clearinghouse. Demand is rising, with 13.6 billion event contracts traded in Q2 and more than 5 billion during the World Cup. Robinhood has traded over 45 billion contracts since launch and is upgrading football markets with live data and a dedicated hub.
Coverage (6)
- Robinhood Picks OG.com to Run Its Prediction Markets, Taking Equity Tied to Citadel's $20 Billion Crypto.com Valuation (blockhead.co)
- Robinhood expands prediction markets despite legal uncertainty (axios.com)
- Robinhood Takes Equity Stake in Crypto.com, Taps Exchange to Power Prediction Markets (finance.yahoo.com)
- Robinhood Partners with Crypto.com to Expand Prediction Markets (finance.yahoo.com)
- Robinhood Teams Up With Crypto.com and OG.com to Expand Access to Prediction Markets Ahead of A Busy Fall (robinhood.com)
- Robinhood Selects OG.com as Infrastructure Partner for Prediction Markets Platform, Holding Equity Stake in Exchange Engine (prnewswire.com)