Story perspectives

Robinhood to buy minority stakes in Crypto.com, OG.com

9/8/2026

Summary

Story summary

Robinhood Markets announced a multiyear partnership with Crypto.com and its OG.com platform.
Robinhood will acquire minority equity stakes in Crypto.com and OG.com at a valuation near $20 billion.
Selected football event contracts will move to OG.com’s CFTC-regulated exchange beginning Sept. 8, 2026.
Robinhood’s prediction-market revenue rose to $156 million in Q2 2026, a tenfold year-over-year increase.
Robinhood shares gained about 3.4% to $126.40 in pre-market trading after the announcement.

History

Historical Context

In 2014, Coinbase launched its U.S. cryptocurrency platform, securing a $75 million Series B round that valued the company at $1.5 billion for its expanding user base. The CFTC first regulated crypto derivatives in 2018, approving $1 billion of futures contracts that year, signaling institutional acceptance across major exchanges. Today, Robinhood mirrors Coinbase by partnering with Crypto.com and OG.com, taking $20 billion-valued minority stakes and moving sports betting to a CFTC-regulated exchange in 2026. This alignment suggests that regulated crypto platforms will dominate mainstream finance, prompting further equity inflows, heightened compliance costs, and broader investor exposure.

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Story summary

Robinhood Markets announced a multiyear partnership with Crypto.com and its OG.com platform.
Robinhood will acquire minority equity stakes in Crypto.com and OG.com at a valuation near $20 billion.
Selected football event contracts will move to OG.com’s CFTC-regulated exchange beginning Sept. 8, 2026.
Robinhood’s prediction-market revenue rose to $156 million in Q2 2026, a tenfold year-over-year increase.
Robinhood shares gained about 3.4% to $126.40 in pre-market trading after the announcement.

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