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Robinhood has selected OG.com as the infrastructure and clearing provider for its prediction markets business, marking a notable expansion of event-contract distribution through a major U.S. retail brokerage.
Robinhood Derivatives, a CFTC-registered futures commission merchant, began routing retail event contracts through OG.com’s exchange and clearinghouse on Sept. 8. The rollout is being phased in for eligible U.S. customers.
Robinhood’s deal includes exchange access and equity stakes
The agreement is a multi-year partnership between Robinhood and OG.com, the CFTC-regulated derivatives exchange that was spun out of Crypto.com.
As part of the deal, Robinhood will also take equity stakes in both Crypto.com and OG.com. The companies did not disclose the size of those stakes. Blockhead reported that the pricing aligns with Citadel Securities’ recent $400 million investment in Crypto.com at a $20 billion valuation. OG.com was subsequently spun off as an independent entity valued at $5 billion.
Crypto.com said the Robinhood arrangement is OG.com’s largest prediction-markets partnership by transaction volume so far.
What products may drive early volume
OG.com is set to scale prediction markets tied to sports, financial, economic, and cultural events separately from Crypto.com’s broader exchange business.
The timing could matter. The rollout coincides with the start of the NFL season, which the source identified as a possible early driver of sports-related contract volume.
In a statement, Crypto.com CEO Kris Marszalek said the company wants to make OG.com “the most liquid venue globally for innovative derivative instruments, starting with prediction markets.” Robinhood executive JB Mackenzie said prediction markets are becoming “an increasingly meaningful way for investors to engage with the events they care about.”
What U.S. users should watch next
For users, the immediate takeaway is that access is not universal at launch. Robinhood said availability is being phased in for eligible U.S. customers, and the companies have not yet disclosed how many customers will get access first or which specific event contracts will launch earliest.
What comes next will likely be defined by the pace of that rollout and by which sports, financial, economic, or cultural markets appear first on the platform.
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Source: As reported by blockhead.co.
