Robinhood to route prediction-market trades through OG.com starting Sept. 8
Regulation & Gov ·
Robinhood is taking minority equity positions in Crypto.com and its spinoff OG.com as part of a multi-year infrastructure deal covering event contracts.
Under the arrangement, Robinhood will send retail event-contract order flow to OG.com's CFTC-regulated derivatives exchange for clearing, with the rollout set to begin September 8 for eligible US customers. The companies describe it as OG.com's largest business-to-business prediction-markets tie-up measured by transaction volume, and the deal has also been reported by the Wall Street Journal as part of Robinhood's broader push into the space.
The equity component values Crypto.com's parent entity at $20 billion, a figure aligned with Citadel Securities' recent investment in the group, while OG.com's separate valuation following its spin-off was set at $5 billion. Kris Marszalek, who leads both Crypto.com and OG.com, framed the agreement as an opening step toward building OG.com into a heavily trafficked venue for derivatives, starting with prediction markets before adding futures and perpetuals.
Markets reacted quickly: CRO, the token tied to the Crypto.com ecosystem, jumped from $0.057 to a weekly high of $0.063 once the news broke, and has held above $0.06 since. The move marks a partial recovery from a rougher stretch a month earlier, when Trump Media Group scrapped two agreements with Crypto.com — including a plan to build a company that would accumulate CRO as a treasury asset — sending the token down to a three-year low under $0.045.
Several outlets covering the announcement converge on the same core details: the equity stakes, the two valuations, and the September 8 launch date for routing volume through OG.com. What remains unspecified is the exact size of Robinhood's equity stakes in either company and how quickly volume will scale once the prediction-markets integration goes live. Also unclear is whether the OG.com partnership will help offset any lingering effects from the Trump Media Group cancellations, or how the promised expansion into futures and perpetuals will be structured once the initial rollout begins.