Robinhood to route football contracts through OG.com exchange

Robinhood Markets announced Tuesday that it will direct select football event contracts to OG.com, a federally regulated exchange. As part of its broader push into prediction markets, the company is also acquiring equity interests in OG.com and its former parent company, Crypto.com.

According to Robinhood, the equity stakes will be valued consistently with Citadel Securities’ latest investment in Crypto.com, which set a $20 billion valuation for the firm and attributed $5 billion to the recently spun-off OG.com.

Starting Tuesday, the retail brokerage will send a portion of its football contracts to OG.com, expanding its roster of trading venues just before the U.S. professional football season gets underway.

Event contracts produced a record $156 million in revenue during the second quarter, establishing themselves as a key growth engine for Robinhood.

OG.com functions as a standalone trading venue, featuring a derivatives exchange and clearinghouse that are overseen by the U.S. Commodity Futures Trading Commission.

Robinhood is also broadening its election-focused offerings ahead of November’s midterm elections, introducing a dedicated hub covering state and federal contests. Certain of these contracts may subsequently be routed to Crypto.com and OG.com.

Prediction markets provide contracts tied to sports outcomes, political results, and economic developments. These instruments entered the mainstream spotlight during the 2024 U.S. presidential election and saw robust demand around major sporting events like the FIFA World Cup.

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