Robinhood partners with Crypto.com for prediction markets
Robinhood Markets has entered a multi-year agreement with Crypto.com to offer yes-or-no event contracts from OG.com, the latter's newly spun-off prediction market unit. The partnership also includes Robinhood acquiring minority stakes in both Crypto.com and its prediction-markets division. This move is part of Robinhood’s broader strategy into event-based trading, which has seen significant growth—event contract revenue surged over 10x year-over-year to $156 million in Q2. Crypto.com CEO Kris Marszalek highlighted the strategic nature of this collaboration and hinted at future product launches like equity-linked perpetual futures. Robinhood's VP JB Mackenzie emphasized competitive pricing and expanded offerings, particularly as trading interest rises with events such as football season and midterm elections approaching. The prediction markets sector is intensifying in competition, with platforms like Kalshi and Polymarket seeing over $130 billion in 2026 alone.
Tickers: $HOOD
Topics: crypto partnerships Crypto.com prediction markets Robinhood expansion