Robinhood invests in Crypto.com, lifting CRO token
Robinhood is expanding its prediction market infrastructure by securing minority stakes in Crypto.com and OG.com, with the new partnership focusing on football contracts ahead of the NFL season while the firm maintains its multi-provider strategy to navigate state regulatory hurdles.
According to GN markets/crypto (en-US), Robinhood’s new arrangement with Crypto.com and OG.com will specifically facilitate football-related event contracts, capitalizing on the imminent start of the NFL season alongside their existing partnerships with providers like Kalshi.
Source: GN markets/crypto (en-US)According to GN markets/crypto (en-US), Robinhood has secured a multiyear agreement with OG.com to serve as its primary infrastructure and clearing partner for a phased rollout of event contracts in the U.S., while taking minority equity stakes in both OG.com and Crypto.com to align financial interests beyond a simple distribution deal.
Source: GN markets/crypto (en-US)According to GN markets/crypto (en-US), the agreement specifically involves routing football event contracts to OG.com's CFTC-regulated exchange, with the first listings set to debut today ahead of the new professional season. The report also confirms that Robinhood will add live data features and a dedicated hub for the 2026 U.S. midterm elections.
Source: GN markets/crypto (en-US)According to GN markets/crypto (en-US), Robinhood’s event-contract revenue surged to $156 million in Q2 2026, overtaking both equities and crypto trading, while the company aims to improve pricing ahead of the upcoming US football season and midterm elections.
Source: GN markets/crypto (en-US)New details from GN markets/crypto (en-US) reveal that Robinhood is routing football event contracts specifically to Crypto.com's CFTC-regulated exchange, which operates under the Nadex infrastructure and trades as OG.com. The report also highlights that Robinhood already holds a stake in Rothera, making OG.com the second venue on its routing table where the broker has direct equity ownership.
Source: GN markets/crypto (en-US)According to GN markets/crypto (en-US), the equity stakes are valued at Crypto.com's recent $20 billion mark, with the deal set to drive revenue from both the upcoming football season and November's midterm elections. The report highlights that event contracts are now outperforming crypto transactions, generating $156 million in Q2 revenue compared to $100 million from digital assets.
Source: GN markets/crypto (en-US)Per GN markets/crypto (en-US), the deal values Crypto.com at $20 billion, with $5 billion allocated to its newly spun-off subsidiary OG.com. Starting September 8, Robinhood will route specific football event contracts through OG.com, a CFTC-regulated derivatives exchange, while also expanding its election-related contract offerings ahead of the November midterms.
Source: GN markets/crypto (en-US)CRO price surged 10% after Robinhood announced equity stakes in Crypto.com and OG.com.
Source: GN markets/crypto (en-US)
