Robinhood announced Tuesday it acquired minority equity stakes in Crypto.com and prediction markets spin-off OG.com, establishing OG.com as its core infrastructure and clearing provider for the fastest-growing segment of its business.

Robinhood will route retail volume through OG.com's CFTC-regulated exchange to process and settle trades. OG.com carries a $5 billion valuation. Robinhood's equity stakes in both firms were priced in line with Citadel Securities' July investment, which valued Crypto.com at $20 billion.

Prediction markets allow traders to bet on outcomes of future events—interest rate decisions, elections, sports results—structured as derivatives contracts rather than traditional wagers.

Robinhood's prediction markets generated $156 million in revenue during the second quarter, representing more than 10-fold year-over-year growth. This stands in sharp contrast to a 38 percent decline in the company's crypto trading revenue over the same period, underscoring the business line's trajectory.

Kris Marszalek, founder and CEO of Crypto.com, said the partnership aims to make OG.com "the most liquid venue globally for innovative derivative instruments."

JB Mackenzie, Vice President at Robinhood, said the arrangement "gives us even more skin in the game" as retail demand for event contracts accelerates.

The deal adds OG.com as Robinhood's third infrastructure supplier for prediction markets. Robinhood previously built its hub using Kalshi's contracts, then began shifting volume to Rothera, a CFTC-licensed exchange it operates as a joint venture with Susquehanna International Group. The company tested Rothera during this year's World Cup. Adding OG.com reduces reliance on any single provider and establishes OG.com as its largest B2B partnership by trading volume.

Crypto.com received conditional approval for a U.S. national trust bank charter in February. The spin-off of OG.com into separately capitalized infrastructure represents a strategic step toward operating as regulated financial infrastructure.

The rollout begins in phases, with eligible U.S. customers gaining access starting Sept. 8.