Robinhood Takes Stakes in Crypto.com and Its $5B Prediction Spinout
Robinhood said Tuesday it will route some football event contracts through OG.com’s federally regulated exchange while taking minority equity stakes in the platform and its former parent, Crypto.com. The stakes are priced against a $20 billion valuation, and contracts began reaching eligible U.S. customers the same day. ‘The beginning of a very strategic relationship’ Robinhood […]
Key Takeaways
- Robinhood said Tuesday it will route some football event contracts through OG.com’s federally regulated exchange while taking minority equity stakes in the platform and its former parent, Crypto.com.
- The stakes are priced against a $20 billion valuation, and contracts began reaching eligible U.S.
- customers the same day.
Summary generated by IndiCrypto from News.Bitcoin.com. IndiCrypto is a news aggregator and does not provide investment advice. Read the original article for full context.
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