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The brokerage agreed to add Crypto.com's yes-or-no contracts to its platform and take minority stakes in both the exchange and its prediction markets unit
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Robinhood Markets struck a deal to carry Crypto.com's yes-or-no contracts on its app while also acquiring minority positions in both the digital-currency exchange and its prediction-markets unit, OG.com. Terms of the agreements, including the size of Robinhood's investments, were not disclosed.
Under the arrangement, which spans multiple years, event contracts from Crypto.com's OG.com operation will be made available on Robinhood's app, according to the Wall Street Journal. Crypto.com also said it had spun OG out into a stand-alone company. Citadel Securities bought a stake in both Crypto.com and OG in July, valuing them at $15 billion and $5 billion, respectively.
