Robinhood expands prediction markets offering with OG.com deal

Robinhood will hold initial equity stakes in Crypto.com and OG.com as part of the deal, following OG.com’s spin-off as an independent trading platform

Robinhood Markets has entered into a new agreement with Crypto.com’s newly spun off prediction market platform OG.com.

The multi-year deal designates OG.com as an infrastructure and clearing provider for Robinhood’s prediction markets offering.

Robinhood will route retail event contract volume through OG.com’s underlying Commodity Futures Trading Commission (CFTC) regulated derivatives exchange and clearinghouse architecture. 

The agreement will represent OG.com’s largest B2B prediction markets partnership in terms of transaction volumes.

“This is the beginning of a strategic partnership between both companies,” said Kris Marszalek, founder and CEO of Crypto.com and OG.com. “We’re looking forward to making OG.com the most liquid venue globally for innovative derivative instruments, starting with prediction markets and quickly expanding into futures and perpetuals.”

The partnership follows Citadel Securities investment into Crypto.com at a $20 billion valuation, which includes a standalone $5 billion valuation of OG.com through its strategic spin-off from Crypto.com.