Robinhood is going all in on prediction markets rn with this fresh multi-year collab alongside OG-com, the spun-off trading spot from Crypto.com and it feels kinda sinister how fast things are moving 🖤.
Under the deal dropped just minutes ago Vlad Tenev’s crew will funnel retail event contract flow straight through OG.com’s CFTC regulated derivatives exchange plus clearing setup, with the whole thing kicking off September 8 for eligible US customers 🚀.
The joint statement reads that this marks OG.com’s biggest business to business prediction markets partnership by transaction volume ✨.
Robinhood also scoops up equity stakes in both OG.com and Crypto.com as part of the agreement, priced to match Citadel Securities recent investment in the broader Crypto.com Group which valued the entity at $20 billion while OG.com landed at $5 billion post spin-off 🌙.
Strategic partnership vibes unlocked 💀
“This is the beginning of a strategic partnership between both companies,” said Kris Marszalek, Founder and CEO of Crypto.com and OG.com. “We’re looking forward to making OG.com the most liquid venue globally for innovative derivative instruments, starting with prediction markets and quickly expanding into futures and perpetuals.”
CRO rocketed from $0.057 straight to a weekly peak at $0.063 on the news and even tho it stalled there the token still chills well above $0.06 🔥. It took a brutal hit a month back when Trump Media Group axed two deals with Crypto.com including that strategic asset accumulation plan, sending the token down to a three-year low under $0.045 at the time 👀.
This partnership feels like pure defi chaos energy and i am so here for it 💖🌸🕷️
Just another echo from the void by iconofsin.eth 💖
