Robinhood Taps OG.com for US Prediction Markets Infrastructure

Robinhood has signed a major US infrastructure agreement with OG.com, the Crypto.com spinoff, to underpin its prediction markets platform. From 8 September, Robinhood will channel eligible US event contract volumes through OG.com, gaining access to institutional-grade liquidity and instant clearing while taking equity stakes in both OG.com and Crypto.com, priced to match recent Citadel Securities investments.

Robinhood’s Strategic Move into Prediction Markets

This multi-year partnership positions Robinhood to expand its US prediction markets offer using OG.com as its exchange and clearing provider. OG.com operates under Commodity Futures Trading Commission (CFTC) oversight, providing a compliant environment for Robinhood’s retail event contracts. Crypto.com, originator and former parent of OG.com, described the agreement as OG.com’s largest B2B transaction by volume so far.

Partnership Scope and Market Access

Robinhood’s integration of OG.com’s event contract infrastructure will be phased, starting immediately for eligible US customers. The deal brings OG.com’s independent capital allocation and regulated exchange infrastructure into Robinhood’s technology stack. This move allows Robinhood to:

• Access institutional-quality liquidity for prediction market contracts
• Offer instant clearing of event-based derivatives
• Broaden its selection of contracts without relying on internal infrastructure

Both companies confirmed Robinhood will gain initial equity positions in OG.com and Crypto.com, referencing a July deal in which Citadel Securities invested $400 million at a $20 billion valuation, which gave OG.com a $5 billion standalone mark.

OG.com’s Evolving Role Post-Spinout

Crypto.com launched OG.com in early 2026 before spinning it out as an autonomous business. By separating OG.com from its digital asset exchange foundation, Crypto.com aimed to create a “fully independent company with specific capital allocation,” supporting flexible product focus across derivatives.

Kris Marszalek, who serves as CEO for both entities, said:

“We’re looking forward to making OG.com the most liquid venue globally for innovative derivative instruments, starting with prediction markets and quickly expanding into futures and perpetuals.” — Kris Marszalek, CEO, Crypto.com and OG.com

Despite recent leadership departures—OG CEO Nick Lundgren left for Underdog in May, and managing director for sports and prediction markets Chris Fargis exited in July—OG.com’s institutional partnerships remain on track. In July, the company also signed a non-binding LOI to onboard Prospect Markets.

Robinhood Leverages New NFL Season and Industry Tailwinds

Nasdaq-listed Robinhood saw its share price jump 17% on 4 September, touching near $125 per share after optimistic analyst commentary, much of it referencing the firm’s growth plans in the prediction markets space as the new NFL season began. JB Mackenzie, Robinhood’s vice-president and general manager of futures and prediction markets, stated:

“Teaming up with Crypto.com and OG.com strengthens our position as a leader in the prediction markets space and gives us even more skin in the game.” — JB Mackenzie, VP & GM, Robinhood

He also described how prediction markets are becoming a pivotal customer engagement channel for retail investors.

Beyond OG.com, Robinhood has been active in US derivatives expansion. In January, the company acquired a 90% stake in Miami International Holdings derivatives exchanges (MIAX) through a partnership with Susquehanna, and it holds a 45% interest in the Rothera joint venture.

Competitive Landscape and Regulatory Context

The US prediction market infrastructure landscape is consolidating as other notable operators move their volumes into the Crypto.com ecosystem. In August, Flutter announced all its sports and novel event FanDuel Predicts contracts would migrate from CME Group to Crypto.com clearing.

On the regulatory front, a recent federal appeals court decision sided with the state of Nevada over Kalshi, clarifying the boundaries between federal commodities law and state-regulated sports betting. This ruling carries widespread implications for how US prediction market contracts are offered and governed, reinforcing the importance of robust, CFTC-regulated infrastructure like OG.com’s for operators aiming to scale in a complex legal landscape.

What’s Next for US Prediction Markets

Market participants will be watching how quickly and widely Robinhood’s OG.com-powered event contracts reach eligible US customers. The platform’s ability to scale, handle large retail volumes, and compete on liquidity will influence how effectively Robinhood captures this fast-evolving US product category.

OG.com’s independent capital structure and modular tech, alongside new partnerships—like FanDuel Predicts and Prospect Markets—signal continued momentum among major US-facing prediction market brands vying for institutional scale and mainstream reach.