Robinhood Takes Stakes in Crypto.com and OG.com in Prediction Markets Deal
The U.S. brokerage will route football-related event contracts through OG.com and acquire minority equity in both firms as it broadens its prediction markets offering.
AfroEuropa Newsroom
AfroEuropa desk
Robinhood Markets has entered a multi-year partnership with Crypto.com and its standalone prediction-market unit, OG.com, as the U.S. brokerage widens its range of event contracts, according to BitKE and Cointelegraph.
Under the agreement, Robinhood will route certain football-related retail contracts through OG.com, a derivatives exchange and clearinghouse registered with the U.S. Commodity Futures Trading Commission (CFTC). Robinhood will also acquire minority equity stakes in both Crypto.com and OG.com. Financial terms of the deal were not disclosed.
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