Robinhood Takes Equity Stakes in Crypto.com and OG.com, Routes NFL Prediction Contracts to Their Exchange
Updated — view changes (3)
· body · New information from a source
Robinhood began routing a selection of football event contracts to Crypto.com's CFTC-regulated exchange, according to The Defiant.The company will also take equity stakes in both Crypto.com and OG.com, the prediction-market platform being spun out of Crypto.com, The Defiant reported.Cointelegraph reported that event contracts will run through OG.com's CFTC-regulated infrastructure as Robinhood expands its prediction markets business.The deal is multi-year and positions OG.com as the infrastructure and clearing engine behind what Decrypt described as Robinhood's fastest-growing business line.The Defiant reported that OG.com is being spun out at a $5 billion valuation.The Block, however, reported that Robinhood's equity stakes will be valued based on Crypto.com's recent $20 billion valuation.- 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 $5 billion, while The Block reported that the equity will be valued based on Crypto.com's recent $20 billion 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.
· summary · New information from a source
Robinhood is taking equity stakes in Crypto.com and its prediction-market spinoff OG.com while routing football event contracts through their CFTC-regulated exchange.- Robinhood is taking equity stakes in Crypto.com and OG.com and will route NFL prediction-market contracts through OG.com's CFTC-regulated exchange, according to multiple reports.
· headline · New information from a source
Robinhood Takes Equity Stakes in Crypto.com and OG.com, Routes Football Contracts to Their Exchange- Robinhood Takes Equity Stakes in Crypto.com and OG.com, Routes NFL Prediction Contracts to Their Exchange
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
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.
, 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.
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
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
- storyRobinhood Takes Equity Stakes in Crypto.com and OG.com, Routes Football Contracts to Their Exchangefirst reported · 3 sourcesthedefiant.io · decrypt.co · theblock.co
- 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
- 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
Robinhood Crypto.com US Commodity Futures Trading Commission