Robinhood Partners with Crypto.com to Expand Prediction Markets

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Robinhood has partnered with Crypto.com to expand its prediction market business, according to market news. The agreement includes listing event contracts from OG.com, Crypto.com’s prediction market platform, and acquiring minority stakes in both companies. OG.com, which raised funding from Citadel Securities in July, now has a valuation of approximately $50 billion, up from $5 billion. This crypto market update highlights a significant development in the trading landscape.

Odaily Planet Daily reports that Robinhood has reached an agreement with Crypto.com to further advance its prediction markets business. Under the agreement, Robinhood will launch event contracts provided by Crypto.com’s prediction market platform, OG.com, and will hold minority equity stakes in both Crypto.com and OG.com.

After receiving investment from Citadel Securities in July this year, OG.com's valuation reached approximately $5 billion. (WSJ)

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