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Update: Robinhood Markets, OG.com Enter Multi-Year Prediction Markets Partnership

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(Updates with details from the company press release.)

Robinhood Markets (HOOD) said Tuesday it has entered into a multi-year partnership with OG.com, designating the prediction market platform as an infrastructure and clearing provider for its Prediction Markets offering.

Under the deal, Robinhood will route event contract volume through OG.com's CFTC-regulated exchange and clearing infrastructure, with OG.com-backed contracts rolling out in phases to eligible US customers starting Tuesday.

As part of the deal, Robinhood will take initial stakes in Crypto.com and OG.com, with the equity priced in line with the recent investment of Citadel Securities into the Crypto.com Group at a $20 billion valuation, the company said.

Price: $122.98, Change: $+0.87, Percent Change: +0.71%

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