Robinhood Prediction Markets Could Overtake Crypto Revenue…
By Abdelaziz Fathi
AI summary of the source article
Bernstein analysts forecast that Robinhood's prediction-market revenue will reach $1.7 billion in 2028, surpassing its projected cryptocurrency revenue of $1.6 billion. The growth is expected to account for roughly 18% of the company's total projected revenue.
Why it matters
Prediction markets could become a major contributor to Robinhood’s revenue mix by 2028, reducing the company’s relative dependence on cryptocurrency trading cycles.
Key facts
- Bernstein projects Robinhood's prediction-market revenue will reach $1.7 billion in 2028, exceeding crypto revenue of $1.6 billion.
- Robinhood generated $156 million from event contracts with 13.6 billion contracts traded in the second quarter.
- In September, Robinhood announced partnerships with Crypto.com and OG.com, taking equity stakes in both businesses.
Source excerpt · FinanceFeeds
Robinhood Markets could generate more revenue from prediction markets than cryptocurrency trading by 2028, as event contracts become an increasingly important part of its business, according to Bernstein analysts. The analysts forecast that prediction-market revenue will reach $1.7 billion in 2028, exceeding the $1.6 billion they project from cryptocurrency-related revenue. Prediction markets are…