Robinhood deepens its prediction market footprint by integrating Crypto.com's OG platform, securing minority stakes and diversifying its contract offerings to capture rising retail and institutional demand.
Robinhood is aggressively scaling its prediction markets business through a strategic multiyear partnership with Crypto.com, integrating the OG platform's contracts to enhance pricing and product variety. This expansion is supported by significant growth in event contract revenue, which reached $156 million in Q2, and is further bolstered by minority equity stakes in both Crypto.com and OG, providing the company with diversified exposure beyond its core brokerage services.
The deal allows Robinhood to offer a wider range of contracts and better pricing while providing the company with minority stakes in Crypto.com and its prediction platform, OG.
The business has seen explosive growth, with Q2 revenue hitting $156 million, a 10-fold increase year-over-year, and July trading volume reaching 6.1 billion contracts.
Robinhood Markets is scaling its prediction market business through a strategic deal with Crypto.com to integrate its OG platform contracts. This expansion follows a period of explosive growth in event contract revenue, which reached $156 million in the second quarter, outpacing traditional equities and crypto trading.
The deal allows Robinhood to offer a wider range of prediction contracts with better pricing while providing the brokerage with minority equity stakes in both Crypto.com and its OG platform.