Robinhood Markets is expanding its prediction-market distribution through equity stakes in Crypto.com and OG.com, linking its retail event-contract business to Crypto.com’s exchange and clearing infrastructure rather than adding a conventional software vendor.

According to Robinhood’s September 8, 2026 newsroom announcement (Robinhood newsroom), Robinhood will hold equity in Crypto.com and in OG.com following OG.com’s spin-off. The stake will be priced using Citadel Securities’ recent mark for Crypto.com Group, which valued the group at $20 billion. The size of Robinhood’s stake was not disclosed.

Beginning September 8, Robinhood will route selected football event contracts—CFTC-regulated derivatives that settle based on the outcome of a specified event—to OG.com. The route uses Crypto.com’s CFTC-regulated exchange and clearinghouse, Crypto.com | Derivatives North America (CDNA) / OG.com. Robinhood will continue routing contracts to other venues, including Kalshi, ForecastEX, and Rothera, a Susquehanna joint venture.

Equity and venue access

The arrangement combines retail distribution with ownership in a venue that receives part of the resulting order flow. Robinhood is using equity tied to the $20 billion Crypto.com Group valuation while launching a football-contract route to OG.com. The company’s public venue lineup remains multi-platform, but the partnership adds an ownership relationship alongside the routing arrangement.

Robinhood’s recent activity helps explain the expansion. In the second quarter, 13.6 billion event contracts traded on its app, while World Cup-related activity exceeded 5 billion contracts. Independent coverage cited in the source article placed Robinhood’s second-quarter prediction revenue at approximately $156 million, ahead of equities transaction revenue and crypto revenue on the same books.

The arrangement gives Robinhood access to additional football-contract capacity and another CFTC-regulated rail ahead of the U.S. midterm election period. For Crypto.com and OG.com, Robinhood provides access to retail flow as OG.com develops its position as a derivatives venue. Robinhood retains control of the app and the routing decisions, while the venues provide the exchange and clearing infrastructure.

The announced product is narrow but operational: Robinhood is routing live event contracts to a named CFTC-regulated exchange and clearinghouse. The announcement does not disclose the full economics of the relationship.

Stake size and regulatory questions remain undisclosed

The announcement specifies the valuation reference and the September 8 start of football-contract routing, but it does not state Robinhood’s percentage ownership, whether the consideration is cash or in kind, any lockup terms, or how venue-share and fee economics will be allocated.

The expansion also takes place amid continuing disputes over the treatment of sports event contracts. Nevada extended a ban involving Kalshi, while New Jersey asked the U.S. Supreme Court whether states may regulate sports contracts traded on CFTC-regulated venues. Additional football inventory routed to OG.com does not resolve those disputes and could concentrate more volume within a legal framework that Robinhood does not control by itself.

The partnership illustrates a structure in which a retail front end takes an equity position in a venue receiving its flow. Robinhood’s continued use of several venues means the arrangement does not establish an exclusive relationship with OG.com, Kalshi, or any other exchange. The company’s second-quarter prediction revenue also does not disclose how much of that revenue, if any, is retained by venues such as OG.com.

Further evidence of the arrangement’s scope would include Robinhood routing midterm contracts to OG.com and either party disclosing venue-share or fee terms. Until those details are available, the announcement confirms live football-contract routing and an equity relationship, but leaves the ownership percentage and economics undisclosed.

Source: Live Bitcoin News