Robinhood Routes Football Contracts to Crypto.com’s OG.com

Robinhood is broadening its prediction-markets offerings via a multiyear collaboration with Crypto.com and its OG.com platform, starting on September 8th, according to Reuters and Axios. This partnership enables Robinhood customers to trade event contract selections on OG.com, which operates a regulated exchange and clearinghouse under the Commodity Futures Trading Commission's supervision.

Through this arrangement, Robinhood is also acquiring equity stakes in both OG.com and Crypto.com. Although the financial specifics of the deal have not been disclosed, Robinhood stated that its Crypto.com equity will be valued similarly to a recent Citadel Securities investment, which estimated Crypto.com Group's worth at $20 billion.

The addition of OG.com routing does not replace Robinhood's existing venues, such as Kalshi, ForecastEX, and Rothera, a CFTC-licensed exchange and clearinghouse it co-developed with Susquehanna International Group. Robinhood's vice president and general manager of futures and prediction markets, JB Mackenzie, emphasized this move as a liquidity strategy, stating that distributing contracts across multiple platforms strengthens the marketplace by offering a more diverse and resilient environment.

The growth in trading volume is evident, with over 45 billion event contracts traded on Robinhood's platform since launching prediction markets approximately two years ago, and this trend has only accelerated throughout 2026. However, this expansion is taking place amidst a complex regulatory landscape, as event contracts are still subject to disputes over which jurisdiction holds authority – federal commodities regulators or state gaming regulators.

By taking an equity stake alongside the routing agreement, Robinhood is directly tying its financial performance to Crypto.com's valuation trajectory, not just its trading flow. This decision reflects a broader trend observed in other sportsbook-adjacent companies, which often distribute event contracts through various retail fronts.

For Robinhood, securing an equity stake alongside the partnership enhances its alignment with Crypto.com's valuation prospects, contingent on the resolution of jurisdictional disputes over event contracts in the forthcoming months.