Robinhood Revenue Rises 15% as Prediction-Market Betting Offsets Crypto Slump
Robinhood previously relied on crypto trading booms to drive growth, but the resulting revenue is highly exposed to market cycles. As the company expands into prediction markets through event contracts, investors are watching whether the new business can reduce its dependence on a single volatile asset class and support transaction revenue and overall operating performance.
Robinhood’s revenue rose 15% year over year to $1.07 billion in the first quarter of 2026, while crypto transaction revenue fell 47% to $134 million. However, a surge in demand for event-contract wagers lifted overall transaction revenue, helping offset the impact of the sharp decline in its crypto business.
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The history behind this eventRobinhood Prediction Markets Overtake Crypto and Equities in Q2
Robinhood Markets has expanded beyond its core stock and cryptocurrency trading businesses into prediction markets, where customers use event contracts to wager on outcomes including elections, sports and economic data. The push has opened a fast-growing revenue stream for the online brokerage and highlights how retail trading platforms are broadening their products to sustain user engagement and reduce reliance on traditional transaction volumes.
For the second quarter ended June 30, 2026, Robinhood generated $156 million from prediction markets, marking the first time the business surpassed both cryptocurrency and equities revenue. Crypto trading produced $100 million, down 38% from a year earlier, while prediction markets emerged as the platform’s largest transaction-based contributor. The results underscored strong growth in event contracts, though Robinhood shares still traded lower following the earnings report.
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