Robinhood Takes Stakes in Crypto.com, OG.com to Expand Prediction Markets

Robinhood has historically relied on stock and cryptocurrency trading, leaving revenue sensitive to swings in retail activity and digital-asset markets. The brokerage is now broadening its business through prediction markets and Robinhood Chain, its proprietary blockchain initiative. Their emergence is important because it could give the company new transaction and on-chain revenue streams while reducing its dependence on the traditional cryptocurrency operations that previously powered much of its growth.

Robinhood posted record second-quarter revenue of $1.31 billion, marking the strongest quarterly performance in the company’s history. Prediction markets and Robinhood Chain were among the fastest-rising parts of the business during the period, according to the latest report. Their momentum signals a shift in Robinhood’s revenue mix, with newer products beginning to take a larger role as the contribution from its conventional cryptocurrency business becomes comparatively less central.

Prediction markets let traders take yes-or-no positions on outcomes ranging from sports to Federal Reserve decisions, blending retail trading with federally regulated event contracts. Robinhood launched its prediction markets hub in March 2025 with Kalshi as an initial supplier, then added Interactive Brokers’ ForecastEx and Rothera, the CFTC-licensed exchange backed by Robinhood and Susquehanna International Group. Broadening that roster would reduce reliance on any one venue while putting Robinhood into increasingly direct competition with Kalshi, still one of the largest U.S. operators.

The Wall Street Journal reported on July 24 that Robinhood is discussing adding yes-or-no contracts from Crypto.com’s derivatives business to its app, though the talks may not produce a deal. Robinhood said it plans to keep working with multiple exchanges. The brokerage said more than 16 billion event contracts had traded on its platform in 2026, versus more than 12 billion in all of 2025. Crypto.com, which launched its standalone OG prediction market in February, said weekly activity had risen about 40-fold over the preceding six months.

Prediction markets, which allow users to trade on the outcomes of elections, economic data releases and other events, are emerging as a new way for trading platforms to increase engagement and revenue. Cantor Fitzgerald believes Robinhood and Coinbase are best positioned to benefit from the market’s growth because of their large retail customer bases and established trading infrastructure.

Cantor Fitzgerald’s latest research report identified Robinhood and Coinbase as the main beneficiaries of the prediction-market boom. High Roller Technologies also announced a partnership with Crypto.com to launch an event prediction platform in the United States. As of July 20, 2026, the companies had not disclosed a launch date, investment amount or revenue target.