Robinhood is adding another venue to its prediction-markets network. Beginning September 8, the brokerage said it would route a selection of football event contracts to Crypto.com’s prediction-markets platform through OG.com’s CFTC-regulated exchange and clearinghouse infrastructure. The deal also gives Robinhood equity stakes in Crypto.com and OG.com after OG.com’s separation from Crypto.com.
Summary
- Robinhood: adds OG.com-backed routing to its existing event-contract marketplace rather than replacing its current venues.
- Crypto.com: supplies the commercial relationship and remains the parent company associated with the prediction-markets expansion.
- OG.com: provides the underlying CFTC-regulated derivatives exchange and clearinghouse architecture for routed contracts.
- Initial rollout: selected football contracts for eligible U.S. customers, beginning September 8, 2026.
- Strategic significance: the partnership connects Robinhood’s retail distribution with additional regulated-market infrastructure and liquidity.
Source: Robinhood CEO's Post
What did Robinhood announce?
Robinhood announced a multi-year partnership to route a selection of event contracts to Crypto.com’s prediction-markets platform through OG.com’s exchange and clearinghouse architecture.
The first contracts covered by the announcement are selected football markets. Robinhood said the OG.com-backed rollout would begin in phases for eligible U.S. customers, with the initial routing starting September 8 ahead of the professional football season.
This is an expansion of routing capacity and venue diversity. Robinhood said event contracts would continue to be routed to Kalshi, ForecastEX and Rothera as well as to the new Crypto.com and OG.com venue, with routing depending on factors such as what is available at each exchange.
Key distinction: distribution is not the same as execution
Robinhood is the retail-facing platform in this arrangement. OG.com is the infrastructure and clearing provider described in the announcements. Crypto.com is the commercial partner connected to the platform and the former parent of OG.com. The deal is not an announcement that Robinhood users are buying Crypto.com’s cryptocurrency.
How do Robinhood, Crypto.com and OG.com fit together?
The three companies occupy different layers: Robinhood distributes contracts to eligible customers, OG.com supplies exchange and clearing infrastructure, and Crypto.com is the strategic partner linked to the platform and equity arrangement.
RobinhoodRetail distribution
Displays and routes eligible event contracts inside its investing experience. → OG.com
Market infrastructure
Provides access to a CFTC-regulated derivatives exchange and clearinghouse architecture
↓
Crypto.com
Strategic partner
Connected to OG.com’s spin-off, platform expansion and equity relationship.
Crypto.com and OG.com said the partnership follows OG.com’s spin-off as an independent trading platform. The companies described OG.com as operating through registered entities including the North American Derivatives Exchange, Inc., a designated contract market and derivatives clearing organization registered with the Commodity Futures Trading Commission, and the OG Broker, a CFTC-registered futures commission merchant.
Those descriptions refer to the named legal and regulated entities. They should not be read as saying that every prediction-market product or every user is available in every jurisdiction.
What is the partnership’s equity component?
Robinhood said it will hold initial equity stakes in both Crypto.com and OG.com after the spin-off, with pricing tied to the recent Citadel Securities investment in Crypto.com Group.
The companies put the reference valuation at $20 billion for Crypto.com Group, including a stated $5 billion valuation for the newly independent OG.com. Reuters independently reported the same valuation framework and said the stakes would be priced in line with Citadel Securities’ investment.
The official announcements do not disclose Robinhood’s exact ownership percentages in the material reviewed. It would therefore be inaccurate to describe the deal as a controlling acquisition or to assign a specific stake without additional filings or company disclosure.
How does Robinhood’s existing prediction-market network compare with the new venue?
Robinhood is building a multi-venue model rather than relying on one exchange, with contracts routed according to market availability and other operational factors.
| Layer or venue | Role in the announced model | What is verified | What should not be assumed |
|---|---|---|---|
| Robinhood | Customer-facing brokerage and event-contract distribution | Its Derivatives subsidiary is described as a CFTC-registered futures commission merchant and NFA member. | That every Robinhood customer can access every market; eligibility and jurisdictional limits apply. |
| OG.com / Crypto.com venue | New exchange and clearing route for selected contracts | Initial rollout covers selected football contracts; OG.com’s underlying architecture is described as CFTC-regulated. | That all Robinhood contracts will be routed to OG.com or that Crypto.com’s spot exchange is the clearing venue. |
| Kalshi | Existing Robinhood routing venue | Robinhood says contracts will continue to be routed to Kalshi. | That the new partnership replaces Kalshi. |
| ForecastEX and Rothera | Other existing or previously added routing venues | Robinhood lists both among its continuing venues; Rothera was described as part of Robinhood’s joint venture with Susquehanna International Group. | That all markets are simultaneously available across every venue. |
Why is Robinhood expanding prediction markets now?
- Responding to high demand: Robinhood is increasing its capacity and market variety to prepare for upcoming events like football season and the 2026 U.S. midterm elections.
- Massive trading volume: Customers have traded over 45 billion event contracts since the product launched about two years ago, with more than 30 billion traded by the end of August 2026.
- Quarterly surge: The company recorded 13.6 billion contracts traded in the second quarter alone.
- Record financial performance: Prediction markets generated record revenue during Q2, with Reuters reporting $156 million in event-contract revenue for the quarter.
What prediction-market contracts are
Prediction markets present contracts tied to real-world outcomes, often in “yes” or “no” form. The price can be read as a market-implied probability, but it is not a certainty or an official forecast. A contract’s value depends on its rules, settlement source, liquidity and the applicable regulatory framework.
What products could expand beyond the first football rollout?
The companies describe a broader roadmap, but only the initial football rollout is the concrete starting point in the announcement.
Robinhood said its football experience would include game outcomes, player contracts, custom combinations and improved live data. It also said player statistics and team-standing data were planned for later in the fall.
The company separately announced a dedicated midterm-election hub with state and federal markets, interactive heat maps and near-real-time voting data after polls close. Robinhood said those election contracts were initially routed to Kalshi and Rothera, with possible expansion to Crypto.com and OG.com in coming weeks. That is a stated plan, not confirmation that all election contracts have already moved to the new venue.
Source: OG Dashboard
What are the main regulatory and user risks?
The deal uses regulated derivatives infrastructure, but regulation does not remove trading risk, eligibility limits, market-structure risk or the possibility of regulatory change.
- Jurisdiction: Robinhood’s announcement refers to eligible U.S. customers, while OG.com says availability is limited to approved jurisdictions.
- Contract rules: Settlement depends on the specific contract’s terms and designated source of truth. A displayed probability is not a guaranteed outcome.
- Liquidity and execution: More venues can improve capacity and choice, but prices and fills can differ across markets, especially during fast-moving events.
- Regulatory scrutiny: Reuters reported that critics compare prediction markets with gambling and that regulators have increased scrutiny, including around possible insider trading.
- Forward-looking claims: Robinhood expressly cautioned that its statements about the partnership, equity interests, growth and future routing are subject to risks and uncertainty.
Do not confuse “regulated venue” with “risk-free product”
CFTC registration and regulated clearing address the legal and operational status of specific entities and activities. They do not guarantee profits, eliminate losses, make every contract suitable for every person, or settle every question about a product’s future availability.
What is the bottom line for the prediction-markets sector?
The deal strengthens the infrastructure and distribution network around event contracts, while also increasing Robinhood’s economic alignment with the venues that serve its customers.
For Robinhood, the partnership adds another regulated route and supports a broader product catalogue. For Crypto.com and OG.com, it brings a large retail distribution partner and a meaningful business-to-business relationship. For users, the immediate effect is not a new crypto asset but potential access to more event contracts inside Robinhood’s existing prediction-markets experience.
The practical test will be execution: whether the new route expands liquidity, maintains transparent settlement and delivers reliable access without blurring the distinction between an event contract, a cryptocurrency trade and a traditional investment.
Frequently Asked Questions (FAQs)
Q: Is Robinhood buying Crypto.com?
A: The announced deal gives Robinhood initial equity stakes in Crypto.com and OG.com, but the exact ownership percentages were not disclosed in the official materials reviewed. The announcement does not describe a controlling acquisition.
Q: Is OG.com the same as Crypto.com?
A: No. The companies describe OG.com as an independent trading platform following its spin-off from Crypto.com, while remaining strategically connected through the partnership and equity arrangement.
Q: What will Robinhood users receive first?
A: The initial rollout covers a selection of football event contracts routed through OG.com’s infrastructure for eligible U.S. customers, beginning September 8, 2026.
Q: Will all Robinhood prediction markets use OG.com?
A: No. Robinhood says it will continue routing contracts to multiple venues, including Kalshi, ForecastEX and Rothera, depending on availability and other factors.
Q: Does the deal involve buying Crypto.com’s CRO token?
A: Not according to the announcement. The deal concerns prediction-market distribution, exchange and clearing infrastructure, and equity stakes; it is not described as a CRO-token listing or purchase.
Disclaimer: This content is for informational purposes only and does not constitute financial, investment, or legal advice. Trading prediction markets and event contracts involves significant risk. Always do your own research before making financial decisions.
