Robinhood has locked in a multi-year infrastructure deal with OG.com and taken equity stakes in both OG.com and its parent company Crypto.com. The arrangement positions OG.com as the CFTC-regulated clearing engine behind Robinhood’s prediction markets business, which the brokerage now calls its fastest-growing segment.
Under the agreement, Robinhood will route all event contracts through OG.com’s infrastructure. That hands off the regulatory heavy lifting, licensing, clearing, settlement, to a platform already operating under Commodity Futures Trading Commission oversight. Robinhood gets a white-label prediction market product without building its own derivatives infrastructure from scratch.
Stakes Valued Against Crypto.com’s $20 Billion Mark
Robinhood is acquiring equity in both entities, with valuations tied to Crypto.com’s recent $20 billion price tag. The exact size of the stakes wasn’t disclosed. Crypto.com, which owns OG.com, hit that $20 billion figure in a recent funding round, giving the partnership a public reference point for the deal’s scale.
The timing isn’t subtle. Robinhood announced the partnership ahead of the NFL season, a calendar anchor for U.S. sports betting and event-driven speculation. Prediction markets have pulled volume from traditional sportsbooks this year, and Robinhood is betting it can convert equity traders into event contract speculators. The regulatory pathway through OG.com lets it do that without waiting on its own CFTC approvals.
OG.com Becomes the Backend
OG.com isn’t just licensing its rails, it’s the operational spine. Every contract Robinhood writes flows through OG.com’s clearing and settlement stack. That makes OG.com a counterparty risk concentration point, but it also means Robinhood doesn’t need to staff up a derivatives compliance team or negotiate its own CFTC no-action letters. The tradeoff is dependency: if OG.com’s infrastructure chokes or faces enforcement action, Robinhood’s prediction market flow stops.
Prediction markets have seen a regulatory tailwind since the CFTC began approving event contracts tied to elections, sports outcomes, and economic data releases. Platforms like Kalshi and Polymarket carved out early ground. Robinhood’s entry, backed by OG.com’s license and Crypto.com’s capital, adds a retail brokerage interface with 24 million funded accounts. The question is whether those accounts want to speculate on game outcomes or if prediction markets remain a niche vertical inside a stock-trading app.
The partnership doesn’t give Robinhood proprietary technology. It gives it speed to market. Other brokerages will do the same deal or build in-house. What Robinhood bought is time and a stake in the infrastructure layer, wagering that prediction markets justify equity exposure in the platform running the backend.
