Robinhood’s Crypto Contracts Surpass Sports in Prediction Markets
- Robinhood’s event-contract revenue surged over tenfold to $156 million in Q2 of 2026.
- Contracts were traded approximately 4.7 billion times in August, about fifteen times the volume from August of the previous year.
- CEO Vlad Tenev predicts that crypto-linked contracts will dominate Robinhood’s prediction markets, surpassing sports wagers within a few years.
- Robinhood has expanded its event-contract platform through partnerships with Kalshi and Rothera, and minority equity stakes in Crypto.com and OG.com.
Robinhood is witnessing significant growth in its prediction markets business, driven by crypto-linked contracts which are expected to overshadow sports betting soon. This shift is supported by substantial increases in contract trading volumes and revenues.
The surge in event-contract revenue highlights Robinhood’s strategic pivot towards crypto markets, as evidenced by the exponential rise in trading activity and new partnerships aimed at strengthening its market position. Source
