Robinhood is expanding into prediction markets through a partnership with Crypto.com and its prediction-market division OG.com to launch event contracts powered by OG.com. Under the deal Robinhood will take minority stakes in both Crypto.com and OG.com; OG.com is noted as valued at $5 billion based on a July investment by Citadel Securities, while Crypto.com is cited at a $20 billion valuation in the most recent report. The arrangement, timed ahead of the NFL season, represents a strategic extension of Robinhood’s event-based trading offerings.
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