Robinhood strengthens its prediction market vertical through a new partnership with OG.com and Crypto.com, aiming to capture increased trading volume from the NFL season and upcoming U.S. elections.
Robinhood partners with Crypto.com and OG.com to expand prediction markets, potentially adding a new revenue vertical.
Robinhood Markets has secured a multiyear partnership with OG.com to route event contracts through its CFTC-regulated exchange. This strategic move aims to diversify infrastructure and boost revenue, building on the $156 million generated by prediction markets in the second quarter alone.
The partnership provides Robinhood with additional event contract sources and institutional-grade clearing infrastructure, helping to diversify its platform and improve liquidity for retail investors.