TL;DR:
- Robinhood agreed to acquire minority stakes in the exchange Crypto.com and its prediction market subsidiary OG.com on September 8, 2026.
- Event contracts generated $156 million in revenue for the broker during the second quarter of 2026, surpassing the $100 million reported from crypto trading.
- Trades backed by OG.com operate under CFTC oversight through Crypto.com Derivatives North America (CDNA).
According to a report published by The Wall Street Journal, Robinhood agreed to take minority stakes in Crypto.com and its prediction market division OG.com this Tuesday, September 8. The multi-year partnership will integrate OG.com’s event contracts directly into the broker’s retail application.
The deal grants the firm economic exposure to both entities without conveying operational control. The Wall Street Journal report reveals that Crypto.com previously spun off OG.com as an independent company to manage this segment.
To date, the involved parties have not disclosed the acquired ownership percentages, definitive valuations, or governance rights. The broker’s official filings with the U.S. Securities and Exchange Commission (SEC) do not yet reflect the financial breakdown of the transaction.
The strategic pivot coincides with an internal rebalancing across the retail platform’s business lines.
During Q2 2026, event contracts contributed $156 million to the $776 million recorded in transaction-based revenues. In contrast, revenue derived from cryptocurrency trading fell 38% year-over-year to $100 million over the same period.
Trading volume through the Prediction Markets Hub reached a record 13.6 billion contracts in the second quarter of 2026. This metric quantifies the volume of $1 binary settlement contracts exchanged by users.
Technical Integration with CDNA and State Regulatory Friction
The OG.com service functions as the consumer interface, while operational clearing and execution originate from Crypto.com Derivatives North America (CDNA). The latter holds licensing from the Commodity Futures Trading Commission (CFTC) as a designated contract market and derivatives clearing organization.
Brokerage clients trade these instruments through Robinhood Derivatives, a firm registered as a futures commission merchant with the federal regulator. This structure adds to existing routing pathways within the app, including KalshiEX, ForecastEx, and the Rothera platform.
Despite federal registration under CFTC frameworks, event markets face pushback from local gaming regulators in jurisdictions such as Connecticut. Legal data across the sector indicates that these disputes restrict the availability of specific contracts depending on the state where the retail trader resides.
On the corporate level, enterprise valuations show discrepancies across various financial sector reports.
In July 2026, Citadel Securities closed a $400 million investment in Crypto.com at an enterprise valuation of $20 billion. However, The Wall Street Journal report places the current valuation of Crypto.com at $15 billion and OG.com at $5 billion.
The technical rollout will not replace existing liquidity providers. According to executive statements cited in the press, integrating CDNA aims to broaden the catalog of event contracts and improve execution rates for retail users.
The final commercial launch remains subject to the submission of formal contractual terms before the SEC and the release of an official roadmap for OG.com listings within the mobile application.
