Robinhood Takes Equity Stakes in Crypto.com and OG.com, CRO Token Rallies
The brokerage’s move into prediction markets sent Crypto.com’s native CRO token sharply higher.
Robinhood has taken equity stakes in Crypto.com and in OG.com, a prediction market spinout, according to reports published Monday. The arrangement links two major players in crypto and betting-adjacent finance to Robinhood’s growing prediction markets push. News of the deal sent CRO, Crypto.com’s native token, rallying sharply.
OG.com is described in reporting as a $5 billion prediction market spinout. Details on its full ownership structure and origins were not fully spelled out across every report. What is consistent is that Robinhood now holds an equity position in the entity, alongside its stake in Crypto.com itself.
As part of the deal, Crypto.com’s exchange infrastructure is expected to help power Robinhood’s prediction markets offering. Several reports noted the timing lines up with the start of the NFL season, a period that typically drives a surge in demand for sports-related betting and prediction products. Aligning the partnership with football season suggests Robinhood wants its prediction markets business ready for peak seasonal interest.
Prediction markets have become one of the fastest-growing corners of both crypto and traditional finance over the past two years. Platforms like Kalshi and Polymarket have expanded rapidly, drawing regulatory scrutiny and mainstream attention alike. Robinhood has already built its own prediction markets product, and this deal appears designed to deepen its infrastructure and distribution in that space.
For Robinhood, the stakes mark a continuation of its broader strategy to diversify beyond stock and options trading. The company has steadily built out crypto trading, custody, and now prediction markets as parallel growth lines. Tying up with an established crypto exchange like Crypto.com gives Robinhood access to existing liquidity, technology, and user infrastructure rather than building everything internally.
For Crypto.com, the deal signals validation from a major U.S.-listed brokerage with tens of millions of retail users. It also ties Crypto.com’s business more directly to the prediction markets sector, an area distinct from its traditional exchange and card business. The equity stake structure, rather than a simple commercial partnership, suggests a deeper and longer-term alignment between the two companies.
Market watchers reacted quickly. CRO’s price move reflected investor expectations that closer ties to Robinhood could expand Crypto.com’s user base and revenue streams. Whether that translates into sustained gains will depend on how the partnership is implemented and how prediction markets perform through the NFL season and beyond.
Sources disagree on this story
This article was published before the reports below were compared. The reporting above stands; what follows is where the published accounts do not agree.
Cryptopolitan and Bitcoin.com News report Citadel Securities’ July investment valued Crypto.com at $15 billion, while Decrypt, crypto.news, and Fintech News Singapore put the same valuation at $20 billion.
What all sources agree on
- Robinhood is taking minority equity stakes in both Crypto.com and OG.com as part of a multi-year deal.
- Robinhood will route event contracts through OG.com’s CFTC-regulated exchange and clearing infrastructure, with the rollout beginning September 8 for eligible U.S. customers.
- OG.com was spun off from Crypto.com as a separately capitalized company with a standalone valuation of $5 billion.
- Robinhood’s event contract revenue rose more than tenfold year-over-year to $156 million in the second quarter.
- The size of Robinhood’s stakes and other financial terms were not disclosed.
Where the reports disagree
1Citadel Securities’ July valuation of Crypto.com
The exact amount Robinhood is investing was not shared, but after Citadel Securities bought stakes in July, it valued Crypto.com at $15 billion and OG.com at $5 billion.
Citadel took stakes in both companies in July, valuing them at $15 billion and $5 billion, respectively.
Robinhood’s stakes in Crypto.com and OG.com are priced in line with Citadel Securities’ July investment, which handed Crypto.com its first-ever institutional funding round and valued the exchange at $20 billion.
Crypto.com was valued at $20 billion in that transaction, while OG.com received a standalone valuation of $5 billion after separating from Crypto.com.
The stakes will be priced in line with Citadel Securities’ recent investment in Crypto.com Group, which valued the group at US$20 billion.
What would settle it: Crypto.com’s or Citadel Securities’ own disclosure of the July investment terms, or an SEC/regulatory filing recording the transaction valuation.
2Whether the $20 billion figure applies to Crypto.com alone or is inclusive of OG.com’s $5 billion
Robinhood said the stakes will be priced in line with Citadel Securities’ recent investment in Crypto.com at a $20 billion valuation, including $5 billion for the recently spun-off OG.com.
Pricing for the stakes will follow Citadel Securities’ recent investment terms, according to the joint announcement. Crypto.com was valued at $20 billion in that transaction, while OG.com received a standalone valuation of $5 billion after separating from Crypto.com.
What would settle it: The companies’ joint announcement or a filing specifying whether the $20 billion figure is a consolidated group valuation or Crypto.com’s exchange business alone.
What to make of it
Treat the deal structure, the September 8 rollout, and the $156 million Q2 event-contract revenue figure as established across sources; the size of Citadel’s July valuation of Crypto.com itself ($15B vs $20B) is unresolved and should not be cited as a fixed number until the companies or a filing clarify it.
Market Impact
The immediate market reaction centered on CRO, which rallied sharply following the announcement as traders priced in expectations of expanded utility and exposure for Crypto.com’s ecosystem. A deeper tie to Robinhood, a widely used U.S. brokerage, could increase visibility for Crypto.com’s exchange among retail users who may not have previously interacted with crypto-native platforms.
More broadly, the deal underscores the accelerating convergence between crypto exchanges, mainstream brokerages, and the prediction markets sector. If Robinhood’s prediction markets business grows using Crypto.com’s infrastructure, other exchanges and brokerages may pursue similar partnerships. That could intensify competition with existing prediction market platforms and push regulators to sharpen their approach to a sector that blends elements of trading, gambling, and derivatives markets.
The equity stakes tie Robinhood more closely to Crypto.com and the broader prediction markets sector heading into a high-demand sports season. Further details on deal terms and long-term integration plans are expected as the partnership develops.
Frequently Asked Questions
What did Robinhood acquire in this deal?
Robinhood took equity stakes in Crypto.com and in OG.com, a prediction market spinout reportedly valued at $5 billion, according to multiple reports.
Why did CRO’s price rise after the announcement?
CRO, Crypto.com’s native token, rallied as investors reacted to Robinhood’s stake, viewing it as a sign of expanded partnership and exposure for Crypto.com’s platform.
How does Crypto.com fit into Robinhood’s prediction markets business?
Reports indicate Crypto.com’s exchange will help power Robinhood’s prediction markets, with the partnership timed ahead of the NFL season.
What is OG.com?
OG.com is described in reporting as a prediction market spinout valued at roughly $5 billion, in which Robinhood has also taken an equity stake.
Original source: AltcoinGordon
Syndicated coverage. Originally reported by altcoingordon.com.
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