Robinhood is expanding its prediction markets business through an agreement involving Crypto.com and OG.com. Under the deal, Robinhood will take stakes in both companies and route event contracts through OG.com’s infrastructure. The platform used by OG.com is regulated by the US Commodity Futures Trading Commission (CFTC), according to Cointelegraph. The arrangement gives Robinhood access to regulated infrastructure as it develops its event-contract offering. The announcement links Robinhood’s prediction markets expansion with two established crypto-related companies, although the supplied information does not specify the size or financial terms of the stakes. Prediction markets allow users to trade contracts tied to the outcome of events, and Robinhood will use OG.com’s CFTC-regulated setup to support these contracts. The deal comes as Robinhood broadens its activities beyond its existing market offerings, with prediction markets becoming an additional area of focus.
