Robinhood's Prediction Market Revenue Hits $500M Annualized Run Rate, Poised to Outpace Declining Crypto
HOOD sits 55% above its 52-week low of $63.515.
Summary
Robinhood's Chief Brokerage Officer announced that its prediction markets business has reached a $500 million annualized revenue run rate, with Q2 revenue estimated at over $123 million. This rapidly growing segment, significantly boosted by the new Rothera platform, is on track to surpass the company's declining cryptocurrency trading revenue, which is projected to be below $134 million for Q2. This development provides a substantial new revenue stream for Robinhood, especially as it follows a 47% drop in crypto revenue reported in Q1 2026.
At the time of this announcement, HOOD was trading at $98.30 on NASDAQ in the Finance sector, with a market capitalization of approximately $88.9B. The 52-week trading range was $63.52 to $153.86. This news item was assessed with neutral market sentiment and an importance score of 8 out of 10. Source: Binance News.