Robinhood Acquires Stake in Crypto.com for Prediction Markets
Robinhood is expanding its prediction market infrastructure by routing football contracts through Crypto.com's CFTC-regulated exchange, a move that coincides with its event contract business outperforming core equities and crypto revenues in Q2. This strategic deepening aims to capture significant volume from the upcoming NFL season and 2026 midterm elections, leveraging a newly diversified network of execution venues.
Zacks Investment Research via GN markets/crypto (en-US) highlights that Robinhood's Q2 event contract revenues of $156 million have surpassed both its equities and crypto income, signaling a major shift in the company's revenue mix. The report notes that this momentum, driven by over 13.6 billion contracts traded in the quarter, positions the Crypto.com partnership to further enhance liquidity ahead of the 2026 midterms.
Source: GN markets/crypto (en-US)According to GN markets/crypto (en-US), Robinhood is set to begin routing a portion of its football event contracts to OG.com on September 8, leveraging the CFTC-regulated infrastructure under Crypto.com's CDNA brand. The deal values Crypto.com Group at $20 billion, aligning with recent investments by Citadel Securities, as the companies aim to capture a share of the $5 billion prediction market ahead of the professional football season.
Source: GN markets/crypto (en-US)Robinhood Markets has acquired equity stakes in Crypto.com and OG.com to expand its prediction market offerings.
Source: GN markets/crypto (en-US)
