Crypto · updated 3h ago · 3 min read
Robinhood Routes Football Event Contracts Through OG.com, Takes Stakes in Crypto.com and OG.com
Robinhood will route select football event contracts through OG.com’s CFTC-regulated exchange and clearinghouse. Robinhood takes minority equity stakes in Crypto.com and OG.com as part of a multiyear deal.
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Robinhood backs OG.com
Robinhood said it will route selected football event contracts through OG.com's underlying exchange and clearinghouse, starting Tuesday, while also taking equity stakes in Crypto.com and OG.com as part of a multi-year prediction-markets partnership.
“Starting Tuesday, Robinhood will route selected football contracts to OG.com's underlying exchange and clearinghouse”
The deal prices Robinhood’s stakes in line with Citadel Securities’ recent investment in Crypto.com at a $20 billion valuation, including a standalone $5 billion valuation for OG.com, and Robinhood did not disclose the size of its investments.
Robinhood said OG.com operates a derivatives exchange and clearinghouse regulated by the U.S. Commodity Futures Trading Commission, and that Robinhood offers prediction markets through Robinhood Derivatives, a CFTC-registered futures commission merchant.
In its announcement, Robinhood said customers traded a record 13.6 billion event contracts during the second quarter and that event contracts generated $156 million in transaction-based revenue during the quarter.
Robinhood also said customers have traded more than 45 billion event contracts since the business launched roughly two years ago, including more than 30 billion through the first eight months of 2026, with more than 5 billion contracts traded during the FIFA World Cup.
Executives frame the move
Kris Marszalek, founder and CEO of Crypto.com and OG.com, described the agreement as “the beginning of a strategic partnership between both companies,” and said the companies were “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.”
JB Mackenzie, Robinhood prediction-markets executive, said routing contracts through multiple venues would create a more diverse marketplace, and Robinhood added that it would route college and professional football contracts among OG.com, Kalshi and Rothera depending on factors including which contracts are available on each exchange.
The rollout is tied to the U.S. professional football season, with Robinhood saying it would begin routing a selection of football contracts to OG.com beginning on Sept. 8 for eligible U.S. customers.
Robinhood said midterm election contracts are currently routed to both Kalshi and Rothera, with potential expansion to Crypto.com and OG.com in the coming weeks.
Reuters also said Robinhood is expanding its election-related contracts ahead of the November midterms with a dedicated hub for state and federal races, some of which could later be routed to Crypto.com and OG.com.
Regulatory scrutiny and stakes
The expansion comes as prediction-market operators face regulatory scrutiny, with Reuters noting that state gaming regulators have challenged some sports event contracts as sports betting while prediction-market operators have argued that federally regulated derivatives fall under the CFTC's jurisdiction.
“State gaming regulators have challenged some sports event contracts on the grounds that they amount to sports betting”
Reuters said prediction markets offer “yes” or “no” contracts on sports, political and economic events, and that critics liken them to gambling while regulators have stepped up scrutiny over insider trading.
Action Network described OG.com as operating a CFTC-regulated derivatives exchange and clearinghouse and said Robinhood would route some retail event-contract volume through OG.com’s CFTC-regulated exchange and clearinghouse while taking minority equity stakes in both Crypto.com and OG.com.
The PR Newswire release said the rollout of OG.com-backed event contracts on the Robinhood app will begin in phases to eligible U.S. customers starting on September 8, 2026.
Across the reporting, the partnership is framed as adding another regulated venue and “more skin in the game,” with Robinhood tying its prediction-markets growth to transaction-based revenue of $156 million in the second quarter and total net revenue of $1.31 billion for that quarter.