Robinhood will route selected football event contracts through OG.com and take equity stakes in Crypto.com and OG.com under a multi-year partnership announced September 8. The deal adds another exchange-and-clearing route to Robinhood’s prediction-markets business, alongside Kalshi, ForecastEX and Rothera, as football and the 2026 midterms become major tests for retail event-contract demand.
The agreement gives Robinhood a financial interest in two companies tied to the infrastructure it will use for part of its prediction-markets order flow. Robinhood said in its September 8 newsroom announcement that the equity stakes in Crypto.com and OG.com will be priced in line with Citadel Securities’ recent investment into Crypto.com Group at a $20 billion valuation. Robinhood did not disclose the size of either stake.
What did Robinhood announce with Crypto.com and OG.com?
Robinhood said it would begin routing a selection of football event contracts to Crypto.com’s prediction-markets platform through its CFTC-regulated exchange and clearinghouse beginning September 8. The exchange and clearinghouse do business in the Crypto.com app under the Crypto.com | Derivatives North America, or CDNA, brand, and in a separate trader-focused app under the OG.com brand, according to Robinhood’s announcement.
OG.com described the deal the same day as a multi-year partnership under which it will serve as an infrastructure and clearing provider for Robinhood’s Prediction Markets offering. In its release, OG.com said Robinhood would route retail event-contract volume through OG.com’s underlying Commodity Futures Trading Commission-regulated derivatives exchange and clearinghouse architecture, with rollout to eligible U.S. customers beginning in phases on September 8.
Robinhood’s announcement said event contracts on its app will still also be routed to Kalshi, ForecastEX and Rothera. For college and pro football contracts, Robinhood said routing will be allocated among OG.com, Kalshi and Rothera based on factors including what is available at each exchange.
That matters because Robinhood is not simply adding another product tile inside its app. It is expanding the set of regulated venues behind its customer-facing prediction-markets interface, while also taking an ownership position in two companies connected to one of those venues.
How does OG.com fit into Robinhood’s prediction-markets stack?
OG.com is the branded prediction-markets platform tied to Crypto.com’s derivatives exchange and clearinghouse infrastructure. In the September 8 announcement, Robinhood identified the exchange and clearinghouse as CFTC-regulated and said CDNA is the brand used for the same infrastructure inside the Crypto.com app.
Prediction Markets on Robinhood are offered by Robinhood Derivatives, LLC, which OG.com’s September 8 release identified as a CFTC-registered futures commission merchant and National Futures Association member. That setup places Robinhood in the brokerage and distribution layer, while the listed event contracts are executed and cleared through regulated exchange infrastructure.
The new arrangement gives Robinhood another routing path at a time when its prediction-markets activity has become large enough to affect the company’s business narrative. Robinhood said 13.6 billion event contracts traded on its platform in the second quarter of 2026. It also said more than 5 billion contracts traded during the World Cup alone.
The Block, citing Robinhood’s release and its own reporting, said the second-quarter event-contract volume translated to about $156 million in revenue and represented a 50% increase from the previous quarter. The same report said the Wall Street Journal had first reported a possible Robinhood-Crypto.com partnership in July.
What does Robinhood’s equity investment change?
The equity piece makes the deal more than a vendor relationship. Robinhood said it will hold stakes in both Crypto.com and OG.com following OG.com’s spinoff as an independent trading platform. The company did not state how much it invested, what percentage of either company it will own, or whether the stakes give Robinhood governance rights.
Robinhood’s public explanation focused on market access and venue diversity. “Routing event contracts to multiple venues helps create a stronger, more diverse and resilient marketplace,” JB Mackenzie, Robinhood’s vice president and general manager of futures and prediction markets, said in the company’s September 8 announcement. “With football back and midterms fast approaching, we’re thrilled to team up with Crypto.com and OG.com for what is sure to be an exciting fall for prediction markets on Robinhood.”
OG.com’s release used a broader strategic framing. Kris Marszalek, founder and chief executive of Crypto.com and OG.com, called the arrangement “the beginning of a strategic partnership” and said OG.com aims to become a major venue for derivative instruments, starting with prediction markets and expanding into futures and perpetuals.
For Robinhood, the key business question is how much of its future event-contract volume flows through affiliated venues rather than unaffiliated partners. The company already routes to Kalshi and ForecastEX, and in June it began routing contracts to Rothera, which Robinhood described as a CFTC-licensed exchange and clearinghouse independently managed through its joint venture with Susquehanna International Group. The OG.com deal adds a second ownership-linked path without removing the others.
Why is football central to the rollout?
Robinhood timed the OG.com rollout to the start of football season, which the company is treating as a major prediction-markets category. Its September 8 announcement said Robinhood is updating both its pro and college football trading experiences with live data and a dedicated hub that lets customers filter contracts by week, team and conference.
The company said player statistics and team standings data are expected later in the fall. It also said customers will have access to a wider variety of football contracts, including game outcomes, player contracts and custom combinations. Robinhood did not provide a projection for football-related contract volume.
The timing is commercially important because sports contracts have become one of the clearest tests of whether prediction-market products can draw the kind of retail engagement historically associated with sportsbooks while remaining within the event-contract framework overseen by the CFTC. Robinhood’s release frames football as a product expansion, but the infrastructure choices behind that expansion are equally important for the prediction-markets industry.
Robinhood is also preparing an election prediction hub for the 2026 midterms. The company said the hub will include state and federal markets, interactive heat maps later this fall, and near real-time voting data after polls close, including counted-vote totals and the percentage of expected votes counted.
What does this mean for Kalshi, ForecastEX and Rothera?
Robinhood’s announcement does not say it is replacing existing venues. It says the opposite: contracts will continue to be routed to Kalshi, ForecastEX and Rothera. Still, adding OG.com changes the competitive map because Robinhood now has another venue to use when deciding where to send customer orders.
Kalshi remains one of the most visible exchange brands in U.S. prediction markets and has been a major Robinhood routing partner. ForecastEX, backed by Interactive Brokers, also remains part of Robinhood’s routing network. Rothera entered the mix in June, after Robinhood described it as a CFTC-licensed exchange and clearinghouse connected to its joint venture with Susquehanna International Group.
The practical issue to watch is not whether Robinhood has a preferred public narrative for one venue. It is how routing, fees, available contracts, liquidity and outages affect the customer experience across multiple exchanges. Robinhood said football contracts will be routed among OG.com, Kalshi and Rothera based on factors including availability at each exchange, but it has not published a detailed routing formula for prediction-market contracts.
What are the next numbers to watch?
The next test is disclosure. Robinhood has given investors a large second-quarter volume figure for event contracts, 13.6 billion, and it has identified football and the midterms as major fall catalysts. It has not disclosed the size of its Crypto.com or OG.com stakes, the percentage of customer orders expected to route through OG.com, or the economics of routing through affiliated versus unaffiliated venues.
Those details matter because Robinhood’s prediction-markets business now sits at the intersection of brokerage distribution, exchange infrastructure and strategic ownership. The company is building a multi-venue network while buying into some of the infrastructure behind it. That structure could give Robinhood flexibility as new contracts launch and legal scrutiny continues around event markets, but it also makes future routing and revenue disclosures more important.
The next concrete milestone is Robinhood’s next quarterly report, when investors will look for updated event-contract volume, revenue contribution and any additional detail on the Crypto.com and OG.com stakes. Until then, the verified facts are narrower but significant: as of September 8, Robinhood is routing selected football contracts through OG.com, maintaining existing routing relationships with Kalshi, ForecastEX and Rothera, and taking equity stakes in both Crypto.com and OG.com.
