Robinhood Stakes Crypto.com, OG.com for Prediction Markets — SkimNews
Get the Finance newsletter
Daily finance — markets, central banks, M&A, the prints that move money. Free.
- Robinhood took equity stakes in Crypto.com and its spun-off prediction-market platform OG.com under a multi-year deal to route retail event contracts through OG.com's CFTC-regulated derivatives exchange and clearinghouse.
- The stakes are priced at valuations from an earlier Citadel Securities investment in the platforms; the size and value of Robinhood's holdings were not disclosed.
- OG.com spun off from Crypto.com at a $5 billion valuation and will operate independently, with CEO Kris Marszalek saying the platform plans to expand beyond prediction markets into futures and perpetual contracts.
- Event contracts generated $156 million in Robinhood revenue in Q2 2026, up more than tenfold year-over-year and surpassing both the brokerage's $129 million equities transaction revenue and its $100 million crypto revenue.
- Bernstein analysts estimated in July that Robinhood's revenue, including prediction markets, could reach $1.7 billion by 2028.
- Prediction-market platforms face escalating legal pushback: a Nevada judge extended a ban on Kalshi in April, and New Jersey petitioned the US Supreme Court last week to resolve whether states can regulate sports contracts on CFTC-regulated exchanges.
Why it matters: Robinhood is doubling down on its fastest-growing line — prediction markets delivered $156M in Q2, eclipsing both equities and crypto trading revenue — but the bet lands directly in a regulatory crossfire, with Nevada already banning Kalshi and New Jersey asking the Supreme Court to rule on state vs. CFTC jurisdiction over sports event contracts.
Ask SkimNews
