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MARKETS · STORYRobinhood TakesCrypto.com Stake

Robinhood Takes Equity Stakes in Crypto.com and OG.com, Routes NFL Prediction Contracts to Their Exchange

story · 4 sources
4 independentfirst seen published
Updated — view changes (3)

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Robinhood began routing a selection of football event contracts to Crypto.com’s CFTC-regulated exchange on Tuesday, according to The Defiant.

As part of the deal, Robinhood will take equity stakes in both Crypto.com and OG.com, the prediction-market venue being spun out of Crypto.com, The Defiant reported. The Defiant put the valuation for the stake at Robinhood began sending a selection of football event contracts to Crypto.com's CFTC-regulated exchange on Tuesday and will hold stakes in both Crypto.com and OG.com, the prediction-market venue being spun out of it at a $5 billion valuation.The Defiant · · read it at the source, while The Block reported that the equity will be valued based on Crypto.com’s recent Robinhood will also acquire equity stakes in Crypto.com and OG.com, which will be valued based on Crypto.com's recent $20 billion valuation.The Block · · read it at the source valuation.

The multi-year agreement makes OG.com the infrastructure and clearing engine behind Robinhood’s prediction-markets business, which Decrypt described as the brokerage’s fastest-growing unit. Cointelegraph reported that event contracts will be routed through OG.com’s CFTC-regulated infrastructure as Robinhood expands its prediction-markets offering.

The Block noted the partnerships arrive ahead of the NFL season, positioning Robinhood to expand its football-related prediction contracts through Crypto.com and OG.com’s regulated exchange infrastructure.

Sources: The Defiant, Decrypt, The Block, Cointelegraph

This article is for information only and is not financial advice.

What the market did

Price reactionnot recorded
Independent outlets4
Reports per hour1.22
Noveltyfollow-up4 outlet(s), 122 min spread

Each figure is this site’s own reading, with what it was measured against. A blank is a reading nobody took, not a zero. The before-the-headline window prints the rate a RANDOM hour clears the same bar, because a hit rate without its null is not a finding.

Story so far 3 updates

  1. storyRobinhood Takes Equity Stakes in Crypto.com and OG.com, Routes Football Contracts to Their Exchangefirst reported · 3 sourcesthedefiant.io · decrypt.co · theblock.co
  2. storyRobinhood Takes Equity Stakes in Crypto.com and OG.com, Routes Football Contracts to Their Exchangeupdate · 4 sourcesthedefiant.io · decrypt.co · theblock.co · cointelegraph.com
  3. storyRobinhood Takes Equity Stakes in Crypto.com and OG.com, Routes NFL Prediction Contracts to Their Exchangeupdate · 4 sourcesthedefiant.io · decrypt.co · theblock.co · cointelegraph.com
Tags: Robinhood, Crypto.com, OG.com, Prediction Markets, CFTC

Robinhood Crypto.com US Commodity Futures Trading Commission

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