Robinhood Partners with Crypto.com and OG.com to Expand Prediction Markets
What happened
On September 8, 2026, Robinhood Markets announced a multiyear partnership involving minority equity stakes in Crypto.com and its $5 billion prediction markets spinout OG.com.
The Context
- Strategic Expansion: Robinhood is enhancing its prediction markets infrastructure, building on existing partnerships with Kalshi and Rothera.
- Market Growth: The U.S. professional football season and midterm elections are driving record event contract revenue, with Robinhood's Q2 2026 revenue reaching $156 million.
- Valuation Alignment: The stakes align with Citadel Securities’ July 2026 investment, valuing Crypto.com at $20 billion, which underscores the sector's competitive landscape.
The Number
— This figure represents Robinhood's event contract revenue in Q2 2026, highlighting a more than tenfold year-over-year growth that surpasses its cryptocurrency trading revenue.
Takeaway
As Robinhood diversifies its offerings, expect increased competition and innovation in the prediction markets space.
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