Robinhood CEO says crypto event contracts are overtaking sports on prediction markets
- —Event contract revenue rose over 10x year-over-year to $156 million in Q2 2026
- —4.7 billion contracts changed hands in August 2026, roughly 15x the year-ago volume
- —Robinhood builds the business via Kalshi, its Rothera JV with Susquehanna and a stake in Crypto.com
- —Tenev expects sports to become a minority segment of prediction markets within a few years
Why it matters: Prediction markets are becoming a new revenue engine for Robinhood, even as Congress weighs more than 10 bills to restrict them.
Source: Journal du Coin