Robinhood has selected OG.com as infrastructure partner for its prediction markets platform.  The Robinhood prediction markets rollout started for eligible US customers on September 8.

• OG.com will provide exchange and clearing infrastructure for Robinhood. Its technology supports event contracts across sports, economics, financial markets, elections and culture. Financial terms were not disclosed.
• Robinhood has also taken an equity stake in OG.com. The size and value of the investment were not disclosed. The deal links the two companies as Robinhood expands its prediction markets business.
• Robinhood prediction markets are being rolled out to eligible US customers. OG.com provides CFTC-regulated exchange and clearing infrastructure. Sports event contracts are part of the offering.
• OG.com CEO Steve Fisher said: “Together, we are building the future of prediction markets.” OG.com will handle the market infrastructure behind the offering. Robinhood provides the customer-facing platform.

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