Robinhood has struck a multi-year deal with Crypto.com and its newly spun-off platform OG.com, taking equity stakes in both companies. The equity is priced in line with a recent Citadel Securities investment that valued Crypto.com Group at $20 billion.
LATEST: ⚡ Robinhood will take equity stakes in Crypto.com and OG.com and route some football contracts through OG.com's regulated exchange. pic.twitter.com/9zXzRhLrcx
— CoinMarketCap (@CoinMarketCap) September 8, 2026
Under the agreement, Robinhood will route retail event contracts through OG.com’s CFTC-regulated derivatives exchange and clearinghouse. The rollout started Tuesday for eligible US customers, kicking off with football contracts just as the 2026 NFL season gets underway.
Robinhood stock (HOOD) was down 2.40% at the time of the announcement.
OG.com was spun off from Crypto.com at a $5 billion valuation. The two companies did not disclose the size or value of Robinhood’s holdings in either entity.
“Routing event contracts to multiple venues helps create a stronger, more diverse and resilient marketplace,” said JB Mackenzie, VP and GM of Futures and Prediction Markets at Robinhood.
Event contracts on Robinhood will continue to be routed to Kalshi, ForecastEX, and Rothera as well. Customers will have access to a broader range of contracts this season, including game outcomes, player contracts, and custom combos.
Robinhood also plans to launch a dedicated election hub featuring interactive heat maps so customers can track candidate performance in real time.
The prediction markets business has grown fast. Robinhood traded 13.6 billion event contracts in Q2 2026, including 5 billion during the World Cup. That translated to $156 million in revenue, up 50% from the prior quarter and more than tenfold compared to a year earlier.
That marked the first quarter in which Robinhood’s prediction markets revenue outpaced both its crypto business ($100 million) and equities transaction revenue ($129 million).
In the first eight months of 2026, Robinhood reported record revenues and volumes in prediction markets. Bernstein analysts estimated in July that Robinhood’s total revenue, including prediction markets, could reach $1.7 billion by 2028.
Robinhood launched its prediction markets hub in March 2025 with Kalshi and has steadily expanded its infrastructure since.
Not everything is smooth sailing. Prediction market operators are facing growing legal challenges from US states looking to apply gambling laws to sports event contracts.
In April, a Nevada judge extended a ban preventing Kalshi from offering event contracts in the state without a gaming license. The ruling found the products were effectively indistinguishable from traditional betting.
New Jersey escalated matters last week, petitioning the US Supreme Court to decide whether states can regulate sports contracts offered on CFTC-regulated prediction markets. New Jersey Attorney General Jennifer Davenport said companies like Kalshi claim to offer legal sports betting while refusing to comply with state gambling laws.
OG.com CEO Kris Marszalek said the platform plans to expand beyond prediction markets into futures and perpetual contracts.
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