1 month ago
5
Key Takeaways
- Robinhood will hold two minority stakes.
- OG.com contracts will enter Robinhood’s app.
- Q2 prediction revenue exceeded crypto revenue.
- No venue replacement has been announced.
- Investment and routing terms remain undisclosed.
Robinhood is buying exposure, not control
Robinhood agreed to take minority stakes in Crypto.com and its prediction-market business, OG.com, according to a September 8 report from The Wall Street Journal.
Under the multiyear agreement, Robinhood will add event contracts backed by OG.com to its app. Crypto.com also told the newspaper that it had separated OG.com into a standalone company.
The companies did not disclose Robinhood’s ownership percentages, investment amounts or governance rights. A minority position gives Robinhood an economic interest in the businesses without necessarily giving it operational...
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