Robinhood is adding Crypto.com’s prediction-market contracts to its app and taking minority stakes in both Crypto.com and OG, the exchange’s prediction-markets business.
The companies agreed to a multiyear deal, according to The Wall Street Journal. Financial terms, including the size of Robinhood’s investments, were not disclosed. Crypto.com has also spun OG out into a standalone company.
For Robinhood, the deal adds another source of event contracts for its Prediction Markets Hub. It also gives the brokerage an economic interest in one of the companies supplying those contracts.
That matters because event contracts have become a meaningful revenue line for Robinhood in less than two years.
Robinhood Adds Another Venue
Robinhood first built its prediction-markets offering through Kalshi, the CFTC-regulated event-contract exchange. It has since added Rothera, a CFTC-licensed exchange and clearinghouse operated through Robinhood’s joint venture with Susquehanna International Group.
The Crypto.com agreement adds another supplier. Customers would still trade inside Robinhood’s app, but the contracts could come from Kalshi, Rothera or OG.
JB Mackenzie, Robinhood’s Vice President and General Manager of Futures and Prediction Markets, told the WSJ that the agreement should allow the company to offer better pricing and a wider range of contracts.
He also said the deal gives Robinhood “more skin in the game.” The timing is commercially relevant. The agreement comes ahead of the US football season and the midterm elections later this year, both of which are expected to bring more attention to event contracts.
Event Contracts Are Already Material
Robinhood’s latest results show why the company is adding more prediction-market supply. Event-contract revenue increased more than tenfold year on year to $156 million in the second quarter of 2026, making event contracts Robinhood’s second-largest disclosed transaction category after options.
The product generated more revenue than equities ($129 million) and cryptocurrencies ($100 million) during the quarter. Activity also reached a quarterly record.
Robinhood reported 13.6 billion event contracts traded through its Prediction Markets Hub, more than ten times the prior-year level. Rothera contributed $17 million of the $156 million total after its June launch.
Finance Magnates previously reported that the venue added exchange and clearing infrastructure to Robinhood’s prediction-market business, giving the brokerage more control over part of the trading infrastructure rather than relying only on external exchanges.
Crypto.com Spins Out OG
For Crypto.com, the Robinhood deal gives OG access to Robinhood’s retail app. Crypto.com has offered prediction-market contracts through its derivatives arm since late 2024 and launched OG as a separate prediction-market experience in February 2026.
Kris Marszalek, Crypto.com’s CEO, told the WSJ that prediction-market contracts are the first product the companies plan to launch together. He also said the companies had discussed equity-linked perpetual futures, subject to regulatory approval.
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The agreement follows a change in Crypto.com’s earlier distribution plans. Its previously announced direct prediction-market integration with Truth Social was later realigned into a marketing arrangement.
Robinhood’s latest move adds another supplier to its event-contract offering, while also giving the brokerage minority stakes in Crypto.com and OG. The deal does not replace Kalshi or Rothera, but expands the set of partners behind Robinhood’s prediction-markets business.
