Robinhood Prediction Markets Make a Surprising Move Into CryptoJust in time for football season, a major new partnership has landed in the prediction markets world. This Robinhood prediction markets deal brings Crypto.com and its newly independent trading platform OG.com into Robinhood's event contract network, and it comes with something bigger attached: Robinhood is also picking up equity stakes in both companies as part of the arrangement.Source: crypto_banter on X What Actually Got AnnouncedAccording to Robinhood's own, the company will begin routing a selection of football event contract to Crypto.com's CFTC-regulated exchange and clearinghouse starting September 8. That regulated infrastructure operates under two names: inside the Crypto.com app it's branded Crypto.com Derivatives North America, while a separate, trader-focused app runs under the OG.com brand. Football contract specifically will start flowing to OG.com from that date onward.As part of this deal, Robinhood Markets will also hold equity stakes in both Crypto.com and OG.com, priced in line with Citadel Securities' recent investment into Crypto.com Group at a $20 billion valuation. Terms of the equity stake itself were not disclosed.Why This Deal...
