Robinhood has partnered with Crypto.com to bring its OG.com prediction-market contracts directly to its app 🤝
The brokerage will also acquire minority stakes in both Crypto.com and OG.com, although financial terms remain undisclosed.
The multi-year deal aims to offer users more competitive pricing and a broader range of event contracts 📈
Crypto.com sees the partnership as a way to attract more traders and institutions, with equity-linked perpetual futures also under discussion 🚀
Robinhood's prediction-market business is growing rapidly, with Q2 event-contract revenue rising more than 10x year-over-year to $156M 📊
Contracts traded also increased more than 10x to a record 13.6B, contributing to Robinhood's $1.31B quarterly net revenue.
The sector is becoming increasingly competitive as Kalshi, Polymarket, Meta, FanDuel and DraftKings expand their prediction-market offerings 👀
Today's Pill - prediction markets are becoming a significant growth area for financial platforms, with major players increasingly combining event contracts, crypto and traditional trading to capture the expanding demand 🔄
The brokerage will also acquire minority stakes in both Crypto.com and OG.com, although financial terms remain undisclosed.
The multi-year deal aims to offer users more competitive pricing and a broader range of event contracts 📈
Crypto.com sees the partnership as a way to attract more traders and institutions, with equity-linked perpetual futures also under discussion 🚀
Robinhood's prediction-market business is growing rapidly, with Q2 event-contract revenue rising more than 10x year-over-year to $156M 📊
Contracts traded also increased more than 10x to a record 13.6B, contributing to Robinhood's $1.31B quarterly net revenue.
The sector is becoming increasingly competitive as Kalshi, Polymarket, Meta, FanDuel and DraftKings expand their prediction-market offerings 👀
Today's Pill - prediction markets are becoming a significant growth area for financial platforms, with major players increasingly combining event contracts, crypto and traditional trading to capture the expanding demand 🔄