Robinhood expands prediction market partnerships
Robinhood Markets is expanding its prediction market offerings through new partnerships with Crypto.com and OG.com. The retail trading platform will take equity stakes in both firms valued at a twenty billion dollar valuation.
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ROBINHOOD MARKETS INC - A will route football event contracts through OG.com and take equity stakes in the derivatives exchange and Crypto.com, valuing the platforms at $20 billion. The retail trading platform announced the expansion during Tuesday afternoon trading. Event contracts generated $156 million in second-quarter revenue, emerging as a core growth driver.
