Robinhood Makes More Revenue From Prediction Markets Than Crypto Trading
In the second quarter of 2026, Robinhood (NASDAQ:HOOD) reported a significant shift in its revenue streams. Transaction revenue from event-based contracts reached $156 million, surpassing crypto transaction revenue for the first time at $100 million. This marks a notable pivot as prediction markets outperform crypto trading amid ongoing challenges in the cryptocurrency sector. The decline in Robinhood's crypto-related income reflects broader market conditions, with Bitcoin down nearly 26% year-to-date and reduced investor interest contributing to fewer trades on crypto platforms. The $100 million revenue from crypto was below Wall Street estimates by $25 million and is the lowest quarterly figure for the company over seven quarters. Despite these challenges, Robinhood continues to innovate in blockchain technology with initiatives like its Ethereum-based layer-2 solution, Robinhood Chain, which reached 100 million transactions quickly. The platform also reported strong inflows into its stablecoin product, Robinhood Earn.
Topics: crypto trading prediction markets revenue shift Robinhood