Robinhood Takes Stakes in Crypto.com and OG to Expand Prediction Markets

Robinhood will take initial equity stakes in Crypto.com and its prediction markets spin-off OG.com. The stakes will be priced in line with Citadel Securities’ recent investment in Crypto.com Group, which valued the group at US$20 billion. That included a standalone US$5 billion valuation for OG.com. The companies did not disclose the size of Robinhood’s stakes [...] The post Robinhood Takes Equity

Robinhood entered a prediction market partnership with Crypto.com, according to a Tuesday (Sept. 8) press release. Robinhood will route select football-related event contracts to Crypto.com’s prediction markets platform via its Commodity Futures Trading Commission-regulated exchange and clearinghouse, the release said. The exchange does business in the Crypto.com app under the brand Crypto.com &#1

Robinhood is adding Crypto.com’s prediction-market contracts to its app and taking minority stakes in both Crypto.com and OG, the exchange’s prediction-markets business. The companies agreed to a multiyear deal, according to The Wall Street Journal. Financial terms, including the size of Robinhood’s investments, were not disclosed. Crypto.com has also spun OG out into a standalone company. For Rob

A third-party token-creation application has emerged as one of the digital asset industry’s largest fee generators, driven by active retail trading on Robinhood Markets’ newly launched blockchain network. According to a Thursday (Sept. 3) report by CoinDesk, users paid about $5.95 million in fees over a 24-hour period to create and trade tokens through Pons, an […] The post Memecoin App Pons