Robinhood prediction markets revenue jumps sixfold to $173 million

Robinhood reported that its prediction markets business has become its fastest-growing product ever launched, with quarterly event-contract revenue surging more than sixfold to $173 million. In a recent interview, company executives noted that non-sports contracts, such as federal rate decisions and short-term crypto price movements, accounted for roughly 30% of trading activity during the quarter. Meanwhile, the company is working to expand its exchange relationships and develop new financial and security-based event contracts. Open article →